A & B Properties bought the three-building industrial park in Ontario, California, in 2000 for $27 million. So it is an obvious choice to get into a 1031 Tax Deferred Exchange. This Commercial Property, the Ontario Distribution Center, has been a good net lease investment for A & B Properties. They have received an exceptional 97% average occupancy for leasing this Investment Property, during the 10-year ownership.
With the sale of this net lease property, A & B Properties' commercial property & investment portfolio consists of 7.5 million square feet of retail, office and industrial space located in Hawaii and seven U.S. mainland states.
Alexander & Baldwin is headquartered in Honolulu, and they also provide ocean transportation and logistics services and operates in the agribusiness industry.
There are plenty of benefits of Net Lease Investments in using a 1031 tax exchange. Unlike other investments, commercial real estate is a great tax saver and helps you defer capital gains tax by using the 1031 exchange. Net Lease Properties are generally secured by leases with a remaining term of 10 to 25 years, minimizing the concern of tenant turnover.
We specialize in providing Triple Net Lease Properties to investors who are involved in a 1031 exchange.
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When you are purchasing Commercial Real Estate or a "NNN" Triple Net Leased Property, you can apply for CTL Financing, Non Recourse Loans and Commercial Loans at Loanrise.com.
