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Saturday, January 8, 2011

1031 Exchange in Triple Net Lease Properties

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Rochester, New York - This afternoon we delve into various Net Lease Properties. We have information on are MOB's (medical office buildings) and triple net lease properties for Distribution Centers. We wanted to report that Broadstone Net Lease, Inc. (BNL) purchased three "NNN" triple net lease properties in New York, Colorado and Missouri. The price paid for the combination of the three triple net lease properties is $36.1 Million. This compilation of properties are ripe for a 1031 Exchange.

The first triple net lease property acquired is the Unity at Ridgeway medical office building (MOB). The triple net leased property, Unity at Ridgeway medical complex recently opened in 2010. Some reports place this triple net leased property in Greece, New York and others give it a Rochester, New York address. The new triple net leased property is a 120,000 square-foot medical office complex and is the second largest in the area. The four-story, triple net lease property is the largest construction project to be completed in Greece, New York at the time of completion. This "NNN" Triple Net Lease Property has "Green" features also. As the push for "Green" commercial property continues, this triple net lease property is prepared. The triple net leased property features qualified the complex for LEED (Leading in Engineering and Environmental Design) certification with the United States Green Building Council.

This triple net lease property used as a “green” medical office building is located at 2655 Ridgeway Avenue. Owners of the triple net lease property use the address of Greece, New York, and it sits across the street from the Unity Hospital campus. Unity Hospital has master-leased the entire building for an "NNN" term of 20 years, with a majority of space subleased to Hospital affiliates. Some green features of the triple net lease property include a geothermal heat pump system for heating and cooling. A feature that was not so welcome from the Seinfeld TV Show is that this property has low-water flow (LOW FLOW) plumbing fixtures and instantaneous water heaters. This NNN Lease Investment also has a site plan that protects natural habitats; local, drought-resistant landscape plantings. A feature that makes this suitable for "Green" qualifications are the white roof “cool roof”, which will reflect solar heat. And there are bike racks and showers and changing facilities for Tenants of the triple net lease property.


The other two triple net lease properties acquired in this Investment Property portfolio are in Westminster, Colorado and St Louis, Missouri. Broadstone Net Lease Inc., bought a 20,473 square foot triple net lease property. This NNN Lease Investment is leased to Guardian Urgent Care Center. This NNN Commercial Real Estate is located in Westminster, with an initial net lease term of 15 years. Westminster is approximately 27 miles west of the Denver International Airport (DEN), located at 8500 Peña Blvd, Denver, with 80249 as the zip code.

The last triple net lease property to speak of today was a distribution center located in St. Louis, Missouri. Broadstone Net Lease Inc. bought this property and it is leased to Jeffco Trucking for an initial term of 20 years. This triple net leased property is 81,000 square-feet. Broadstone Net Lease, Inc. acquired 21 net-lease properties in 2010, for a total purchase price of $83.1 Million. There were no reports if the Seller of these triple net lease properties was in a 1031 Exchange as of yet.

Broadstone Net Lease, Inc. is a private Commercial Real Estate Investment Trust (REIT) that invests in freestanding, single-tenant, net-leased properties located throughout the United States. Broadstone Net Lease, Inc. now holds a diversified portfolio of medical office buildings (MOB), restaurant, net leased convenience stores, specialty office and distribution centers. Broadstone Net Lease, Inc. has an Investment Property Portfolio that includes 74 commercial properties located in 21 states in America. Broadstone Net Lease, Inc. is currently targeting net lease properties acquisitions in the $5 to $15 million range. The REIT (real estate investment trust) has most recently received certification as a Women's Business Enterprise by the Women's Business Enterprise National Council.

NNN commercial real estate investing can be extremely rewarding, financially and personally, so if you are searching for your triple net lease properties, Search Net Lease Properties now.

If you need financing for Commercial Real Estate or Sale-Leaseback financing, you can apply for CTL Financing, and Commercial Loans at Loanrise.com.



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