The land on which Sahara Sam’s Oasis operates in West Berlin, New Jersey, has been sold to an Arizona real estate investment trust for a little more than $17 million.
Single Tenant Operational Real Estate, or STORE Capital, bought an 11.75-acre parcel at 535-541 N. Route 73 for $16.6 million from H2O Entertainment Group and another smaller parcel at 543-A N. Route 73 in West Berlin for $650,000 from Acqua Holdings.
The acquisition is part of the company’s strategy to buy and own exactly what it’s name is: single tenant operational real estate. It is based in Scottsdale, Arizona.
“We are financing partners to middle market companies,” said Mary Fedawa, executive vice president of acquisitions at the company. “We partner with companies to own their real estate and provide creative and tailored solutions to them.” Read the full story here.
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