REPRESENTATIVE TRANSACTIONS

Sansome Pacific and its joint venture partners, completed a sale-leaseback with Bass Pro Group, LLC for $324M. The portfolio consisted of 11 freestanding Cabela’s and Bass Pro retail stores totally approximately 1.6m SF. The assets were located in 8 states and contained a new long term NNN lease with annual rent bumps at closing.

Sansome and its joint venture partners, completed a sale-leaseback in 2011 with Willbros Group, Inc. for $10M. The portfolio consisted of 129,000 SF of industrial and offices assets located in TX and OK.

Sansome Pacific and its joint venture partners, completed a sale-leaseback with CVS Health Corporation for $244M. The portfolio consisted of 53 retail drug stores located in 20 states and contained a long term NNN lease.

Sansome completed a sale-leaseback with Collins & Aikman Corp in 2005 of six industrial assets in NC and MI totaling approximately 1.5M SF. The tenant was a high-risk automotive tenant who eventually went bankrupt. Sansome Pacific was able to re-tenant and/or resell the assets for a profit.

Sansome Pacific and its joint venture partners, completed a $110M sale-leaseback of a 680,000 SF distribution center and 14 retail stores located in CA, NV and AZ.  The acquisition was part of tenant’s Chapter 11 restructuring in 2013.

Sansome Pacific purchased a sale-leaseback investment located at 3606 East Highland Drive in Jonesboro, AR. This 25,000 square foot freestanding retail flex building has a showroom, an office and warehouse space situated on a 1.25-acre parcel. This deal had good intrinsic value due to its attractive price per square foot and its location adjacent to the newly built Turtle Creek Mall, anchored by Target and Best Buy.

In 2012, Sansome Pacific and its joint venture partners completed a sale-leaseback with Merrill Lynch for $364M. The property consisted of a 12-building office campus totaling 1.8M SF with lease terms varying from 12-years to 2-years.

Sansome acquired a portfolio of 32 vacant bank branches for $36m from Washington Mutual. The assets were surplus branches (as a result of WAMU buying Great American Savings and Great Western Savings banks) located throughout California. Sansome re-tenanted and redeveloped the portfolio over a 5-year period and still owns many of the stabilized assets today as a result of the original bank portfolio.

Sansome and its joint venture partners, purchased a portfolio of 35 former Fresh & Easy land and building assets located in CA, NV and AZ. The acquisition was part of tenant’s Chapter 11 restructuring in 2013.

In 2016, Sansome Pacific and its joint venture partners acquired a portfolio of 77 bank branch properties from JP Morgan Chase. The portfolio was approximately 70% vacant at close of escrow with very short-term leasebacks on the balance of the portfolio. Sansome is actively re-tenanting and re-positioning the portfolio.

Sansome Pacific and its joint venture partners purchased a portfolio of 35 former Fresh & Easy land and building assets located in CA, NV and AZ. The acquisition was part of tenant’s Chapter 11 restructuring in 2013.

In 2010, Sansome and its joint venture partners, purchased a BJ’s Wholesale property in Canton, OH with a short term lease and strong sales. Sansome was successful in negotiating a long-term lease with the tenant.

In 2019, Sansome Pacific acquired a value-add portfolio of 27 retail properties for $29.8M. The portfolio is spread out over 9 states and totaled over 690,000 SF. The properties had been extremely mismanaged with below market rents and created opportunity for Sansome add value through investment and re-positioning.

Sansome Pacific completed the leasehold purchase of a former Albertson’s Grocery store and management contract of the 2-story urban parking structure in the Lakeshore district of Oakland, CA in 2006. Sansome Pacific executed on a $6M renovation and repositioning for Trader Joes and Walgreen Drugstore.

Sansome Pacific completed a leasehold purchase of an infill, urban former Albertson’s Grocery store in the downtown core of the upscale community of Walnut Creek, CA in 2006. Sansome Pacific executed on a $5M full renovation, demising and repositioning of the Property for Trader Joes and Pet Food Express.

Sansome Pacific purchased an assemblage of an older retail shopping center property for $10m in 2012. Sansome Pacific then executed on the expansion, facelift, releasing and renovation plan to revitalize this 170,000 square foot shopping center. Tenants are now Kohl’s, Hobby Lobby, Old Navy, Pier One Imports, Petco and David’s Bridal.

Sansome Pacific made an $8M acquisition of an urban infill, multi-story vacant former department store at the main Berkeley BART station in downtown Berkeley in 2011. Sansome Pacific Executed on a $5M medium term renovation and repositioning of the property into ground floor retail, technical school and 2nd level offices and participating to entitle a residential city overlay for an 18 story potential residential tower. Current tenants are Walgreen Drugstore, Nokia/Microsoft Research facility and Fast Response.

Sansome Pacific assembled two properties to rezone, design and develop a 61,000 square foot shopping center on 6 acres. Entitlement approvals were then obtained for five buildings with leased build-to-suits for a Walgreens, Best Buy, a Melo’s Pizza & Pasta and First Bank. The fifth building was then fully leased to a Nations Burgers, and local shops owners.

The project was subdivided into 4 parcels to create maximum flexibility and values in the event of a sale.

Sansome Pacific purchased a 3 acre site to design and develop a 27,000 square foot retail center. City approvals were then obtained for a freestanding Walgreens with pharmacy pickup window, retail stores and a separate bank building. The Shops building was fully leased to local tenants.

Sansome Pacific assembled a former bank building and adjacent Goodyear Tire store in downtown Walnut Creek to redevelop the two properties. The ½ acre project was designed, approved and constructed for the Talbot’s Flagship to house their 5 distinct stores. The project includes a very unique urban amenity of rooftop parking.

Sansome Pacific purchased 2.5 acres to develop a retail site . City approvals included a freestanding Walgreens with pharmacy pickup window and an adjacent retail shops building. The Shops building included a Starbucks drive-thru and was fully leased to local and regional tenants.

Sansome Pacific purchased a vacant pad in a Raley’s shopping center to develop the site. The project was designed, approved, and constructed for a prototype Walgreens store with a pharmacy pickup window.

Sansome Pacific and its joint venture partners, acted as a ‘guaranteed take-out’ for a two (2) build-to-suit distribution facilities in Manchester, NH and Charleston, WV. The facilities were 125,000 SF each and contained an 11-year NNN lease with annual escalations. Sansome Pacific closed on the properties upon completion of construction for $15.2M at a pre-negotiated cap rate with the developer.

Sansome Pacific and its joint venture partners, financed and acted as a ‘guaranteed take-out’ for a new 75,000 SF build-to-suit call center facility in Chubbuck, ID. Sansome Pacific acquired the 9.5 acres of land, financed the construction and ultimately owned the property at a pre-negotiated cap rate with the developer.

This property was originally part of an 77-property surplus bank branch portfolio from Chase Bank. The property was originally leased to Chase under a short-term lease. Sansome worked with Chase to process and entitle a new 4,500 SF prototype Chase Bank and parceled the 4-acre property into two 1-acre parcels, as well as a 2-acre parcel for future use. Sansome negotiated a sale of 1 parcel to Chase and executed a ground lease with Raising Canes on the adjoining parcel to be developed together. The final 2-acre parcel is being marketed by Retail Connection in Houston.