UTF LEEDs the way with another sale-leaseback
MIAMI- United Trust Fund has purchased and leased back a 27,340 square foot LEED Platinum building in San Diego, California. This single tenant headquarters office building is 100% occupied by one of the largest construction companies in the United States. The lease is a 15 year absolute net lease.
“Our directive from the company was straightforward” says John Oks, Vice President of Acquisitions for UTF. “We had to close in 34 days. As a result of UTF exceeding the company’s expectations, we now have 3 of their regional headquarters buildings under contract in Arizona, Chicago and Massachusetts.”
This sale and leaseback marked UTF’s 136th sale and leaseback in California and represents UTF’s commitment to high quality corporate real estate. As the industry leader in sale-leasebacks, United Trust Fund specializes in single-tenant, net leased properties across the nation.
