TAMPA - Tampa Heights Apartments, an 83-unit apartment property in Tampa, recently sold according to Marcus & Millichap Real Estate Investment Services.
The sale price of this Commercial Real Estate in Florida was $3 Million.
The Seller was a Private Investor and the Buyer was a limited liability company.
The Buyer was represented by Francesco P. Carriera, who is an investment specialist in Marcus & Millichap’s Tampa office.
The Property is located at 4817 Temple Heights.
"NNN Commercial Real Estate"
Saturday, January 30, 2010
Wednesday, January 27, 2010
Konover closes a Lease.
Recent news for Commercial Real Estate in Florida.
Deerfield Beach-based Konover South has announced that Pizza and Pasta Express recently signed a multi-year, lease. The lease is in Konover's Publix-anchored, Poinciana Place shopping center at U.S. Highway 192 and State Road 535 in Kissimmee.
The space being leases is approximately 1,609-square-feet.
Other major tenants in this Shopping Center are Smokey Bones Barbeque & Grill and Blockbuster Video.
This Property is close to 5 miles from Epcot Center.
Contact us for a Triple Net Lease Property to invest in.
Posted by NNN Corners at 6:20 PM
Tuesday, January 12, 2010
Triple Net Lease & Apartment Building Non Recourse Loans
Recourse Loans get their name from the fact that lenders have the power. With a recourse Loan the Lenders are allowed to go after you for amounts that you owe, even after they’ve already taken the property.
A suggestion is to try for the Non Recourse Mortgage.
A Non-Recourse Loan has many benefits. With a Non Recourse Loan, you are only responsible for the collateral associated with the Loan/Mortgage. If you default on the Loan, you lose only the Property/collateral. If the value of the asset dropped during the period of the Non-Recourse loan, the difference between the value and the loan does not have to be re-paid. In that case, the lender would be responsible for the debt.
Also with a Non-Recourse Mortgage the borrower generally receives a better interest rate than most standard Commercial Real Estate Mortgages.
Many Commercial Real Estate Investors assume that the Non Recourse Loan is available only on Net Lease Properties with a Credit Tenant. We currently have Financial sources for Apartment Building Non Recourse Loans.
If you feel this is the right time to invest in a Net Lease property or an Apartment Building then contact us, at our Net Lease Properties Email. Net Lease Properties can also assist with your locating a Property.