San Diego, California – Net Lease Properties information today is on an Investment Property in Spring Valley, just outside of San Diego. Dentt Properties, a San Diego Commercial Real Estate Investment and development firm, has sold a 94,698 square-foot multi-tenant industrial park. This multi-tenant Investment Property is in Spring Valley and sold for $12.25 million as part of a 1031 exchange.
There are plenty of benefits of Net Lease Investments in using a 1031 tax exchange. Unlike other investments, commercial real estate is a great tax saver and helps you defer capital gains tax by using the 1031 exchange.
The Seller, a Commercial Real Estate Investment has reported it is seeking to acquire a quality core multi-tenant industrial asset with the proceeds with a 1031 exchange. They are growing and restructuring their commercial real estate portfolio with assets that will benefit from our ability to add value through repositioning strategies and as a result have tremendous upside potential.
The Commercial Property sold was a five-building industrial park and was 98% leased to 45 tenants. This Commercial Property is located at 2731-2739 Via Orange Way in Spring Valley. The Buyer of this Investment Property was Monica Handler Penner.
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