November 16, 2024 1:52 pm
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Scottsdale company buys New Jersey water park property

Screen Shot 2015-06-18 at 5.37.13 PMThe land on which Sahara Sam’s Oasis operates in West Berlin, N.J., has been sold to an Arizona real estate investment trust for a little more than $17 million.

Single Tenant Operational Real Estate, or STORE Capital, bought an 11.75-acre parcel at 535-541 N. Route 73 for $16.6 million from H2O Entertainment Group and another smaller parcel at 543-A N. Route 73 in West Berlin for $650,000 from Acqua Holdings.

The acquisition is part of the company’s strategy to buy and own exactly what it’s name is: single tenant operational real estate. It is based in Scottsdale, Ariz.

Information from Philadelphia Business Journal

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