IRA Capital is pleased to announce the recent acquisition of a NNN portfolio of five freestanding KinderCare Learning Centers located in Colorado, Florida (2), Illinois, and Maryland. The single-tenant properties were built between 2007 and 2009 and leased for an original 15-year term to KinderCare’s parent company Knowledge Universe Education...
IRA Capital Acquires Thatcher Medical Center in Pasadena for $21.6M
IRA Capital announced today that it has completed the acquisition of Thatcher Medical Center, a 73,564 square-foot, two-building medical office complex in the heart of Pasadena, CA. The asset is viewed by the local population as an “iconic” property originally designed and constructed to be the premier medical office building...
IRA Capital Acquires Florida Retail Centers
An affiliate of Newport Beach-based IRA Capital “IRA” has acquired two Florida retail sites totaling 60,000 square-feet for approximately $9MM. The properties are located in Pensacola and Orlando. Fairfield Crossings in Pensacola is 100% leased to Ross Dress for Less, Office Depot, and T-Mobile. The property in Orlando is located...
IRA Capital Acquires Baylor Surgery Center in Dallas, TX
IRA Capital announced today that it has completed the acquisition of the Baylor Surgicare Center at Lewisville through its Net Lease Income Fund I. The property is located in the Dallas / Ft. Worth area and is net-leased for an original 20-year term to a partnership comprised of United Surgical...
IRA Capital Acquires Single Tenant Ross Dress for Less in San Jose, CA
IRA Realty Capital, LLC announced today that it has completed the acquisition of a single tenant Ross Dress for Less in San Jose, California. The property is leased on an absolute NNN basis to Ross Stores for an intial term of 20 years. The 27,118 square foot retail property is...
IRA Capital Acquires Verizon Corporate Headquarters
An affiliate of Irvine-based IRA Realty Capital (“IRA”) has purchased the 152,000-square-foot Verizon Alabama State Headquarters and Call Center in Huntsville. IRA’s recent acquisition was structured as a joint venture between IRA and a Persian-Gulf based equity fund, with JP Morgan providing the debt financing. According to IRA founding partners...
IRA Capital Acquires Walgreens in Washington DC MSA
IRA Realty Capital, LLC announced today that Net Lease Income Fund I, LLC completed the acquisition of a Walgreens drugstore in the Washington DC MSA. The property is leased on an absolute net-lease basis to Walgreens for an intial term of 20 years. The Walgreens property is positioned on the...
IRA Capital Acquires Corporate Verizon Store in Atlanta MSA
IRA Realty Capital today announced it has acquired a retail property net leased to Verizon Wireless located at the new Ashley Park retail development in Newnan, Georgia. Verizon has approximately 10 years remaining on the base term of the lease. The store is a relocation store that was expanded. The...