The 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
