TUCSON, ARIZONA, May 3, 2023 -- STORE Capital Corporation (NYSE: STOR, “STORE”, “STORE Capital” or the “Company”), an internally managed net-lease real estate investment trust (REIT) that invests in Single Tenant Operational Real Estate acquired the KVOA TV Studios at 209 W Elm Street in Tucson for $10.8 million ($307 PSF) in a sale-leaseback transaction.
The transaction closed on April 6, 2023.
The 35,021-square-foot consists of two buildings on 2.95 acres fenced and gated, built in 1971.
Allen Media Group will continue to operate the local television station that is purchased for $8.3 million in a bulk sale worth $925 million in 2021. See Real Estate Daily News Sept 2021 for earlier transactions.
No brokers were reported in the sale.
To learn more, see RED Comp #10596