United Grocer’s Warehouse – Modesto

One of three distribution warehouses purchased and leased back to a regional wholesale and retail grocery chain with less than investment grade credit.

Substantial value enhancement was achieved by Seagate through credit augmentation and the subsequent resale of the wholesale division to a much higher credit parent company.

The potential for a 60,000 square foot expansion to the exsiting building added to a successful sale of the property.