(Office Building) 100% leased
This pair of garden style office buildings, totaling nearly 35,000 square feet, is part of a Business Park of approximately 340,000 square feet. The buildings are triple net leased to ABM Industries on a long-term lease. The property was acquired as part of a 1031 deferred tax transaction for a partnership managed by Richard Shapiro. Winco has negotiated a new 10 year lease term and the property was subsequently sold at a profit.
” Richard has earned my confidence and respect through our real-life experiences together as an investor in Winco, his advice on other non-Winco properties, a co-board member for Parkinson’s disease, a generous donor and as a close friend. In each and every effort, Richard has always given his best, provided needed leadership, acted with the highest integrity and shown sound business judgment. I would recommend him to anyone seeking truth, exceptional commitment and investment guidance. In today’s financial markets, he is a rare resource and unique partner.”
Chairman Emeritus, Viking Office Products
Retired Vice Chairman, Office Depot
Chairman, Parkinson’s Institute and Clinical Center
Chairman, The Michael Feinstein Foundation
Cabinet Member, City of Hope