Pet Paradise has sold 12 locations to a private real estate investor

The owners of Pet Paradise have sold 12 locations in a sale-leaseback transaction to a private real estate investor. Financial details have not been disclosed.

Founded in 2002, Pet Paradise offers pet boarding and daycare services for dog or cat owners. Based in Jacksonville, Florida, with over 26 locations and 700 employees throughout the southern region of the country, Pet Paradise provides a variety of services such as room and suites boarding, grooming, training, all day play activities and on-site veterinary services.

Oaklins' team in Jacksonville advised the seller in this transaction.