Los Angeles, California – The Net Lease Properties site has information on a variety of net lease property in 1031 Exchange transactions. The first portion of Net Leased Property, 1031 Exchange information is on an Office Building that was recently acquired. A Commercial Real Estate Investor, B.S.F. Investment Group LLC, has recently purchased the Dry Creek Office Village complex. This net leased property is situated at 7200 E. Dry Creek Road in Centennial, Colorado. B.S.F. Investment Group was in a 1031 Exchange for this commercial real estate transaction. The Commercial Property Investors acquired the Office Building from F&C Holdings LLC for this 1031 Exchange. This well equipped Office Building offers a very secluded office environment for net lease property Tenants.
The previous owner, F&C Holdings LLC, had purchased the Office Building Complex back in 2007 from Gerald Connell. F&C Holdings LLC had to pay $3.2 million for the Colorado Office Complex, or approximately $59 per square foot. They recently sold this net leased property for approximately $3.82 million, or about $70 per square foot. The majority of the office spaces in this Net leased property are about 699 square feet and have their own entryway and restrooms. This Net Leased Property sits in Arapahoe County and was marketed for sale at the price of $4 Million.
Some additional information on the progression of sales of this Dry Creek Office Village complex was that Connell bought it in 1996 for $2.3 Million. This Colorado commercial real estate is an (8) eight building office park. This Commercial Property is known as a Class C office park that totals approximately 54,201 square feet. The Commercial Property was originally built in 1978 and had some renovations completed in 2008 which helped to modernize the net leased property.
Dry Creek Office Village complex sits on 3.69 acres of value add property. “Value Add” means that a NNN commercial property has the opportunity for the NNN Commercial Real Estate Investor to be able to increase the Net Operating Income (NOI). Dry Creek Office Village complex is situated at the corner of Dry Creek and Quebec, in Denver’s Southeast sub-market. Dry Creek Office Village complex totals approximately 54,197 square feet and benefits from a close proximity to I-25 and a new light rail development.
We have more 1031 exchange information on net lease properties, from California. A NNN Commercial Real Estate Investor, IMA Financial Corp. purchased a net leased property in a 1031 Exchange. This net lease property is positioned at 444 W. F Street in Oakdale, California. Oakdale, California is about 33 miles east of the Stockton Metropolitan Airport (SCK), which is located at 5000 S Airport Way, in Stockton.
The California Net lease property seller was Whiteco Industries Inc. and they received $6.53 million. This California net lease properties sales price equates to about $436 per square foot for the 1031 exchange replacement property. We are unaware if the buyer was able to assume existing Investment Property financing or arranged a new Commercial Loan.
This triple net lease property has a high quality Tenant, Walgreen’s. The national drugstore chain net lease was built from the ground up just last November. The “NNN” triple net lease property is a 15,030 square-foot, freestanding retail building. Walgreen’s occupies 100% of this California NNN Lease Property. Also, Walgreen’s has an absolute triple-net lease (NNN) for a 25-year initial term. This triple net lease just started in November of 2010, and has 50 one-year renewal options.
The “NNN” triple net lease property features a full pharmacy, digital photo lab and cosmetics center as well as a well used drive-through window. The NNN Walgreen’s Property has approximately 25 employees. Also, this NNN Lease Walgreen’s Property has a photo lab that features in-store full-size poster printing, a feature unavailable at most of the older Walgreen’s.
Feel free to Contact us to sell or purchase Net Lease Properties.
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