Dog Grooming, Boarding and Day Care Business in Gilbert, AZ

[Dean OMalley]

Investment Info:

Industrial commercial investment investment in Gilbert.

Purchase price: $2,680,000
Cash invested: $670,000

14,000 sq ft dog grooming, boarding, day care business.

What made you interested in investing in this type of deal?

Triple Net deal, which was a 1031 exchange from a Macaroni Grill restaurant in Cincinnati that I owned from 2009 to 2015.

How did you find this deal and how did you negotiate it?

Found this deal with the help of my broker, Paul Kenworthy, who's also a minority stake owner in the property.

How did you finance this deal?

Financed from proceeds from the sale of the previous property.

How did you add value to the deal?

Minor repairs and improvements to the exterior of the property.