SARASOTA, FL—The real estate division of Nickolas announced the recent sale of 5 manufacturing facilities. The properties originally purchased by Nickolas for just over $15.7 million were sold as a package deal for a grand total of $32 million to Arsenault Holdings LLC.
The package deal includes:
“This sale was part of a strategic plan to diversify our real estate portfolio freeing up capital to invest in our self storage facilities” Nickolas CEO, Nick Reinhart said. “It was a matter of getting the right lease in place and finding the right buyer.”
Founded in 2013, Nickolas is a privately owned and operated family office with investments in manufacturing, distribution and real estate across the nation.