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California  + Inland Empire  + Net Lease  | 

Newly Developed Retail Pad Building Sells to Private Buyer 

Wood Investments Companies, Inc., a fully integrated commercial real estate investment company specializing in retail, has sold a newly developed 4,000-square-foot single-tenant net-lease retail pad building occupied by Sherwin-Williams in Beaumont. The sale price was $3,240,000 at a 4.50% cap rate. 
According to Patrick Wood, CEO and president of Wood Investments Companies, the Sherwin-Williams property is a new ground-up development of a pad located in front of Cinema West’s 2nd Street Cinema. Sherwin-Williams, which opened last November, signed a new 10-year triple-net lease with rental increases every five years. 
Hanley Investment Group Real Estate Advisors SVP Lee Csenar and president Ed Hanley represented Wood Investments. Howard Rosenthal and Guy Excell of Rosenthal & Excell Commercial Real Estate represented the Hemet-based private buyer.  
“The sale of the Sherwin-Williams occupied property was part of the strategic plan when we had originally purchased the property over three years ago,” said Wood.

Hear from CRE newsmakers like LaTerra Development Managing Director Chris Tourtellotte. Come together with top dealmakers, owners, investors, lenders and more at Connect LA on May 3 at the Hotel Indigo.    


Inside The Story

Wood Investments

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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