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Tuesday, April 28, 2009

Blue Cross Blue Shield Renews 104,000 SF in Florida

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Miami Beach, Florida - Our Net Lease Properties news today is on a new lease being signed in a Miami Beach suburb. Blue Cross Blue Shield of Florida has renewed its lease. Their lease is in the net lease property which gives them 103,476-square-feet. The Investment Property lease is at Westside Plaza I in Doral, Florida, and leased through 2014. Flagler Real Estate Services L.L.C., the brokerage arm of Flagler Development Group represented the landlord, Prudential Insurance Co. of America.

This new leasing signing represents one of the largest office lease transactions completed in 2009. The Investment Property has a total of 363,328-square-foot at Westside Plaza I. The net lease investment is situated on 22 acres of valuable land in Miami - Dade County. The net lease property has a location at 8400 NW 33rd Street. The net lease property is within close proximity to Miami International Airport and Port of Miami Seaport. The Company, Flagler has been managing the marketing and leasing of the building since 1996. The net lease property was originally constructed in 1996.

"NNN Commercial Real Estate Benefits"

Doral is west of Miami International Airport, and many consider it an upscale suburb of Miami. The City of Doral takes its name from the famous golf and spa resort located within its municipal boundaries. The Doral Golf Resort & Spa was originally built by Doris and Alfred Kaskel, who coined "Doral" by combining their names. The City of Doral was incorporated along with Miami Gardens in 2003. As recently as the 2000 census, the population was 20,438. However according to the 2009 U.S. Census estimates, the city had a population of 46,000. This growth is perfect for Triple Net Lease Properties investors. This new population makes it one of the fastest growing cities in Miami-Dade County.For a city of its size, Doral has a large number of shops, financial institutions and businesses, especially importers and exporters. Also another plus for the retail traffic to keep Triple Net Lease Properties thriving.

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When you are purchasing Commercial Real Estate or a "NNN" Triple Net Leased Property, you can apply for CTL Financing, and Commercial Loans at Loanrise.com.




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