Alexandria, Virginia – We have information on our two favorite topics, Net Lease Properties and the 1031 Exchange. Commercial Real Estate Investors should use a proper company that handles 1031 exchanges. This will allow the investor to sell the current investment property, place all the proceeds from the sale with that 1031 exchange company. At that point the Commercial Real Estate Investor must buy a 1031 Exchange replacement property of like kind within the mandatory time period. When conducted properly, a 1031 Exchange allows investors to trade up, diversify, leverage or relocate their investments.
We have information to report an Investment Property Portfolio. Our research found six net lease properties with the highly desired Credit Tenant Walgreen’s, have sold. The latest NNN lease investment which sold was the Alexandria, Virginia transaction. This NNN Lease investment sold at approximately $10.5 million. Florida NNN Commercial Real Estate Brokers put together the deal for this 14,416 square foot net leased property.
This net lease investment houses a 24-hour Walgreen’s drugstore in Alexandria, located not far from Washington D.C. The net leased property sales price came to approximately $730 per square foot. There continues to be an increased demand for well located and stable retail NNN Lease Properties, especially for 1031 Exchange replacement properties.
The Seller of this net lease property was PACE-Beacon Hill LLC. The Buyer of the net lease properties was a New York-based private investor. This net lease property and five others represented a nice Investment Property Portfolio in the Washington, D.C., metropolitan area. We are seeing single-tenant, net leased properties with national credit tenants are the most desired investments. These triple net lease properties are sought after by high-net worth commercial real estate investors and well-funded REITs (real estate investment trust) for acquisitions. We read that one of the net leased properties in Alexandria, with Walgreen’s, sold for more than the listing price.
The triple net lease properties for this commercial real estate deal are:
• 6717 Richmond Highway in Alexandria, Virginia: 14,416 square foot net leased property; $10,575,000 or $730 per square foot
• Boswell Avenue and Richmond Highway in Alexandria, Virginia.: 14,469 square foot net leased property; $7,900,000 or $546 per square foot
• 5585 Twin Knolls Road in Columbia, Maryland: 14,799 square foot net leased property; $6,071,428 or $410 per square foot
• 326-328 Amherst St. in Winchester, Virginia: 13,200 square foot net leased property; $5,863,013 or $444 per square foot
• 6400 Hoadly Road, Manassas, Virginia: 14,550 square foot net leased property; $7,600,000 or $522 per square foot
• 498 Ritchie Highway, Severna Park, Maryland; 14,784 square foot net leased property; $9,532,087 or $645 per square foot
One major factor for the expedited sales of Washington, D.C.’s NNN Lease Properties are a current healthy employment market. This point helps make it one of the top-performing retail net leased property markets in the country. NNN Commercial Real Estate Investors are especially focused on the (STNL) single-tenant net-lease sector. Alexandria is approximately 5 miles south of the Airport, located at 2605 S Clark Street in Arlington, which is the Ronald Reagan Washington National.
Commercial Real Estate investors in need of acquisition financing, a refinance, or re-development financing for NNN Retail, and Single-Tenant net lease properties can get financing with Commercial Loans at Loanrise.com.
Feel free to Contact us to sell or purchase various Net Lease Properties.