Orion Real Estate Group completed the purchase of nine Bob Evans restaurants from BER Real Estate Investments I for approximately $15 million. The properties, which have an average size of 5,302 square feet each, are located throughout the state of Florida.
According to Joe Sanz, CEO of Orion Real Estate Group, “This deal represents our focus on identifying properties with strong fundamentals and tenants that provide our investors with long-term cash flow while the real estate appreciates. Each of these Bob Evans locations checked all our boxes for desirable location, below-market rent and the ability to use our resources to maximize the property’s underlying value.”
The team at Orion works with investors, developers, property owners and brokers through all phases of real estate transactions, from strategic planning and analysis to financing, negotiation, property management and disposition. For more information, call (305) 278-8400 or email firstname.lastname@example.org.