A joint venture led by Sansome Pacific, a real estate investment firm based in San Francisco, has acquired 11 locations of Cabela’s from Bass Pro Shops for $324.3 million as part of a sale-leaseback. Bass Pro will continue to operate the stores.
The 11-property portfolio spans 1.6 million square feet on 227 acres of land. The specific locations of the 11 stores were not disclosed. B+E Brokers brokered a sale-leaseback transaction.
“Leveraging the largest dataset in net lease real estate, B+E delivered multiple, qualified buyers for Cabela’s to choose from,” said Camille Renshaw, CEO of B+E in a statement. “We are very excited to have closed what we believe is the largest commercial real estate sale ever brokered by a digital platform.”