Machine Investment Group and The Cogent Group acquire Jiffy Lube net lease portfolio

San Francisco Bay Area, California, United States

Machine and The Cogent Group bought the fee simple interest in eight Jiffy Lube service centers in the San Francisco Bay Area from a private owner. The 38,360 SF portfolio is fully leased to Jiffy Lube International on absolute NNN leases with annual rent increases. It was Machine's seventh acquisition since July 2020; price was not disclosed.