Ontario, California – Net Lease Properties information today is regarding a sale and 1031 tax deferred exchange. A & B Properties, Inc., the real estate subsidiary of Alexander & Baldwin, Inc has sold the Ontario Distribution Center. This Investment Property is a 898,400 square-foot, three-building industrial park. The Investment Property is situated on 38 acres in Ontario, California. This net lease investment sold for $43 Million. A & B Properties are going to attempt to reinvest the capital from this sale, through a tax-advantaged 1031 Exchange. By using a 1031 Exchange, A & B Properties can get into other commercial real estate investments with good growth prospects.
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A & B Properties bought the three-building industrial park in Ontario, California, in 2000 for $27 million. So it is an obvious choice to get into a 1031 Tax Deferred Exchange. This Commercial Property, the Ontario Distribution Center, has been a good net lease investment for A & B Properties. They have received an exceptional 97% average occupancy for leasing this Investment Property, during the 10-year ownership.
With the sale of this net lease property, A & B Properties’ commercial property & investment portfolio consists of 7.5 million square feet of retail, office and industrial space located in Hawaii and seven U.S. mainland states.
Alexander & Baldwin is headquartered in Honolulu, and they also provide ocean transportation and logistics services and operates in the agribusiness industry.
Net Lease Investments
While investing in Commercial Property, the desirability of investment grade rated, single tenant properties are still a highly desired investment. Net Lease Investments are in high demand and are a great source for Investors active with a 1031 exchange and 1033 exchange.
If you are in position to get into a sale-leaseback with your Publix Net Leased Properties, Walgreen’s Net Leased Properties, McDonald’s Net Leased Properties or other “NNN” Triple Net Lease Properties, Contact us today. We have a list of Investors desiring to purchase Investment Property with a sale-leaseback of Investment Grade Credit Tenants.
If you are ready to purchase a Net Leased Investment, Loanrise.com can assist you with CTL Financing or Commercial Loans or Non Recourse Loans.
