Tampa, FL – David Sobelman, Executive Vice President and Managing Partner of Calkain Companies, has procured the sale of a portfolio of gas and convenience stores in Phoenix, AZ. Sobelman, never having turned down a challenging assignment, was able to evaluate, market and ultimately sell the portfolio that is occupied by local sole proprietors and guaranteed by a distributor of the Valero-branded stores.
All parties were very happy with the outcome of this transaction as it provided partial liquidity for my client and also became an accretive addition to the buyer’s, an undisclosed private real estate investment trust (REIT), portfolio. Not having a traditional “corporate” guarantee to back the leases provided a set of challenges that the majority of traditional buyers would sidestep. However, my relationship with both parties, as well as the ability to evaluate the value of these non-traditional assets, allowed for a successful agreement between the parties.”
Sobelman has been hired by private investors, developers, institutions and corporate clients to value, market and transact net lease properties throughout the United States since 2003.
Calkain Companies is a commercial real estate brokerage firm which specializes in assisting buyers and sellers with single and multi-tenant net leased properties through all aspects of the transaction including advisory, brokerage, debt placement, equity placement, asset management and research. Calkain has a national platform with multiple office locations throughout the entire East Coast. Additional information about the firm and listings may be found at calkain.com.