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Inland Private Capital Corporation Delivers 192% with Sale of BJ’s Wholesale Club in Gainesville
Inland Private Capital Corporation has facilitated the sale of the BJ’s Wholesale Club property located at 5100 Wellington Road in Gainesville, VA. The sale resulted in a total return to investors of 192.80% of their original investment.
DC MSA Retail DST, one of Inland Private Capital Corporation’s 1031 investment programs, was the seller.
The single-story, 76,267-square-foot retail building was acquired by Inland Private Capital Corporation, an investment management firm, in 2012. The property is 100% leased to BJ’s Wholesale Club, Inc.
“Warehouse clubs have performed incredibly well since the onset of the pandemic and have cemented their importance in the retail landscape,” said Dan Zatloukal, EVP head of asset management of Inland Real Estate Investment Corporation. “This has led to increased investor demand which we were able to capitalize to provide another profitable disposition for our investors.”
Since 2021, Inland Private Capital Corporation has monetized over $2.2 billion in real estate on behalf of its 1031 exchange platform.
- ◦Sale/Acquisition
