Consolidated Tomoka acquires four triple net properties for $8M in CA

theflyonthewall.com

Consolidated-Tomoka Land (CTO) has acquired four properties leased to Bank of America, N.A. (BAC), in both Los Angeles County and Orange County, California for $8M. The four properties are leased to Bank of America, N.A., with an initial term of 15 years. Including the five-property acquisition completed in December, Consolidated-Tomoka Land Co. purchased a total of nine properties leased to Bank of America, N.A. for approximately $20.8M.

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