Rite Aid – Lamont, California
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Rite Aid – Lamont, California

About This Project

  • Represented 1031 Exchange Buyer
  • 17,272sf pharmacy building on 1.52 acres of land
  • 11+ years remaining on the lease

Ow Commercial helped its client maximize the value of its management intensive, 54 unit apartment complex sale and represented its client in a 1031 exchange into the Lamont Rite Aid and a second net leased pharmacy property that offered minimal management responsibilities, improved cash flow, and a strong and stable income stream.  Ow Commercial managed all stages of the transaction, from identifying the exchange property, negotiating and finalizing the purchase agreement, securing favorable financing, and facilitating a smooth escrow process and closing.

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