About the Investment Sales Group
Bellator’s Net Leased Investment group, directed by Jeremy Friedman, assists investors to evaluate and acquire single and multi-tenant properties by identifying value opportunities within this highly competitive market. The Net Leased Investment group also works with developers and investors to divest properties through our far-reaching marketing techniques and proprietary database of buyers.
Our experience includes transactions of properties leased by Walgreens, CVS, McDonald’s, Pep Boys Automotive, Advance Auto Parts, Sherwin-Williams, Taco Bell, O’Reilly Auto Parts, Express Oil Change, Dollar General, Family Dollar, Wells Fargo, and Waffle House.
Bellator Commercial’s Hospitality Group represented by Grant Reaves and David Milstead advised the buyer in the acquisition of the Suburban Extended Stay Pensacola, FL. The hotel consists of 122 extended stay rooms with interior corridors. The Suburban Extended Stay benefits from its close proximity to Pensacola’s Navy Air Station. CW Capital was the seller of the Suburban Extended Stay and was represented by HTX Realty. CW Capital acquired the hotel through foreclosure.
Bellator Hospitality was in search of a hotel for the buyer to purchase as part of a 1031 tax exchange. The buyer purchased the asset from CW Capital through an online auction. With the assistance of Bellator Hospitality, the buyer successfully won the auction for $4,700,000. The terms of the auction required the hotel to be closed within 45 days of the signed purchase and sales agreement which required Bellator Hospitality and the buyer to work diligently together to close the transaction in the required time period.