properties

California: United Grocer's Warehouse - Modesto

Gross Building Size: 275,000 sq. ft.

One of three distribution warehouses purchased and leased back to a regional wholesale retail grocery chain with less than investment grade credit. Substantial value enhancement was achieved by Seagate through credit augmentation and the subsequent resale of the wholesale division to a much higher credit parent company. There is also a potential for a 60,000 square foot expansion to the existing building.

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