Denver, Colorado - Net Lease Properties has news on one of the largest commercial real estate transactions this year in the Denver, Colorado area. Arapahoe County records show that Dividend Capital Total Realty Trust Inc. purchased the 161 Inverness Office Building for $48 million. This net leased office building is 216,500 square-feet and was built in 1998. It is fully leased by DirecTV for the next few years, as TRT NOIP Inverness Englewood LLC. The net leased office building is located at 161 Inverness Dr. W. in the Inverness office park.
This commercial real estate transaction is part of Dividend Capital’s recently closed, $1.35 billion acquisition of 32 office and industrial properties.
The seller of these income producing properties was iStar Financial Inc., who are based in New York.
IStar formerly was Starwood Financial Inc., completed the sale of a portfolio of 32 corporate tenant lease properties (CTL Properties) resulting in net proceeds of $1.33 billion. The term corporate tenant lease (CTL) properties is used by iStar in their financial announcements. We "Net Lease Properties" use the term "CTL Properties" as meaning Credit Tenant Lease Properties. A $105.6 million mezzanine loan associated with the CTL portfolio sale was offered.
Net Lease Properties & Commercial LoansIf a Net Lease Property is of interest to you then contact us, HERE. We can assist you with your search for Net Lease Property Investments. If you are considering selling your Commercial Real Estate, you might want to consider doing a 1031 exchange (1031 tax deferred exchange). Triple Net Lease Properties (NNN) are an ideal debt replacement Vehicle for 1031 Investors.
If you are considering purchasing Commercial Real Estate or a Triple Net Leased Property, you can apply for CTL Financing with Loanrise.com. Loanrise can also help with Mezzanine Loans and Office Building purchase loans. Mezzanine Financing and Non Recourse Loans are available through Commercial Loans at Loanrise.com.