Par Pacific Holdings has sold a 21-asset gas station/convenience store portfolio in Hawaii for $109.4 million in a sale leaseback deal. Newmark represented the seller in this transaction, which includes a new master lease agreement to leaseback the properties on a triple-net basis.
The portfolio was purchased by a subsidiary of the publicly-traded REIT Realty Income Corp.
The portfolio comprises 12 properties in O'ahu, two properties in Kauai, four properties in Maui, and three properties on the island of Hawaii.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
