OFP Real Estate, LLC closed on the acquisition of a net-leased investment tenanted by Walgreens Boots Alliance in a Cleveland, Ohio, metro market.
The investment was acquired with a long-term lease in place, providing stable, strong and predictable returns. This transaction marked the company’s first 2021 acquisition.
One Family Property is committed to increasing investor value with long-term, stable, income-producing investments. This acquisition will increase OFP’s investment in the net-lease market to more than $45 million throughout five different states.
“We are pleased to announce this acquisition,” said Aaron Baum, managing principal. “We remain focused on our investment goals set forth in the prior year and expect to exceed our $150 million acquisition target by the end of 2021.”