“The seller was able to capitalize on strong market conditions and sell at a great price due to the demand of the University City submarket,” says Ken Wellar, managing partner at RRA.
“Industrial supply constraints have pushed pricing to new heights for both tenants and investors, forcing them to explore market alternatives,” JLL's Sargis states in the report
A Marcus & Millichap retail specialist is observing many of his clients selling assets to invest in triple net properties like 7-11 and Wawa convenience stores.
Its community-centric focus is evident in the South Lake Union SoulCycle location, which connects both at an intimate neighborhood scale as well as a lifestyle hub at a global tech campus scale.
The healthcare industry has seen the most growth in Orange County over the last 15 years, but diversification has been the key to local economic growth.