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PlattPointe Capital Closes $4.15MM Sale-Leaseback for Denver Retailers

April 17, 2020, 09:00 AM
Filed Under: Retail

PlattPointe Capital arranged a $4.15 million sale-leaseback for two stand-alone retail locations in Denver, CO. The two buildings are comprised of 10,000 square feet of leasable space having had low historical improvement costs and high tenant retention. PlattPointe was able to close the financing quickly in order to help the sponsor meet some expansion deadlines.

The concept of sale-leaseback enables a business to free up capital in a real estate asset by selling the asset and leasing back that same asset from the purchaser. These transactions have been extremely successful in recent years in freeing up business capital invested in real estate. Many different types of businesses have taken part in sales-leaseback transactions including owner-occupied office, industrial retail, banks, restaurant chains, and convenience stores.

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