Facebook in Sale-leaseback with Silicon Valley Property

Menlo Park, California - Our Net Lease Properties news today is from an excellent area in California, the town of Menlo Park. This commercial real estate news involves some big names in Silicon Valley and beyond. Facebook will be moving its corporate headquarters to the old Sun Microsystems campus in Menlo Park.

Facebook is to acquire the former corporate campus of Sun Microsystems first. Facebook will then dive into a sale-leaseback with Deutsche Bank AG’s RREEF. RREEF LLC is a commercial real estate asset manager for Deutsche Bank AG. RREEF LLC had represented their client, the Wisconsin State Investment Board, and bought the property from Oracle for approximately $100 million. We are not aware if Deutsche Bank AG’s RREEF was entered into a 1031 Exchange with this property.

The sale-leaseback property was constructed between 1993 and 1995. The net leased property was the corporate headquarters for Sun Microsystems until it was acquired by Oracle. Facebook will rent the commercial property that is approximately one million square-feet. This sale-leaseback property is a nine building campus. Facebook will enter into a 15-year sale-leaseback contract. Facebook worked diligently and has an option to purchase this net leased property in five years.

This is the largest net lease deal in Silicon Valley since 1991, back when Apple signed an a net lease agreement on approximately 865,116-square-feet. Facebook, one of the fast-growing companies, is moving their headquarters from Palo Alto, California. Facebook was looking for a space that they can grow into, taking care of their long-term business needs. This will also allow them to remain in the Silicon Valley area and be in an area that offers a "small-community feel."

When this deal was wrapping up, Facebook acquired the adjacent commercial property. That commercial property is owned by an affiliate of the car manufacturing Titan, Ford Motors. These two Menlo Park commercial properties are connected via an underground commuter tunnel. However Facebook has no current plans to develop that commercial property, and can use that for future growth of a joint venture (JV).

Facebook has agreed in their net lease property deal to foot the bill for remodeling the building, to suit its needs. Obviously, Facebook can afford this as they recently received a major investment worth approximately $1.5 billion. The general contractor who is currently renovating one of the newly acquired buildings is SC Builders Inc. of Sunnyvale, California.

The sale-leaseback property is located at 10 Network Circle, in Menlo Park, with 94025 as their zip code. The sale-leaseback property is situated on 57 acres. Facebook Employees will be able to move to the new corporate headquarters in waves. The plan could have Facebook Employees start to move as soon as June or July. The growing company, Facebook employs over 2,000 people. Currently, Facebook has approximately 1,400 of them are in the Palo Alto location. Facebook also has offices in 10 United States cities and a dozen international locations, including London, Tokyo and in Paris, France.

Menlo Park is a magnificent area, just a few minutes away from the current Palo Alto Facebook headquarters. This south Bay Area is excellent for NNN Commercial Real Estate and has been a venture-capital hub for quite some time. Some of the (VC) Venture Capital Firms headquartered here are Khosla Ventures, Kleiner Perkins Caufield & Byers, Sequoia Capital and Silver Lake Partners. These Venture capital firms are heavily populated along the Sand Hill Road area.

Contact Net Lease Properties to sell your net lease properties, or purchase NNN Property.

If you are ready to purchase Commercial Real Estate or a Triple Net Leased Property, you can apply for Commercial Loans at Loanrise.com.



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Net Lease Investments Sold in California

Greenwich, Connecticut - Net Lease Properties news today is on the sale of 4 California, Net Lease Investments. Hanover Real Estate Partners, which is a privately held real estate investment company sold four California properties on behalf of its affiliate, Dexter Street Limited Partnership. Hanover Real Estate Partners is focused on owning, managing and operating institutional grade commercial real estate assets across the country.
3 of commercial real estate investments sold were located in the San Diego area. The other commercial real estate investment was in Stockton, California.

The mix of commercial real estate sold was a total of nearly 300,000 square feet. It included a 200,000 square foot three-story office building, two approximately 6,000 square-foot retail bank branches, and a seven-story, 89,000-square-foot office building.
The 2, net lease investment properties included in this transaction are leased to Wells Fargo Bank. One net leased property is a 5,100 square foot retail bank branch located at 2751 Via de la Valle, in Del Mar. The other net lease investment property is a 6,000 square foot retail bank branch located at 16901 Bernardo Center Drive, in Rancho Bernardo.

The leased office building is located in Stockton and serves as the corporate headquarters for In Shape Health Clubs. This leased office building features a state of the art fitness center on the ground floor. The sale follows the successful re-leasing and re-positioning of each commercial real estate investment.

Net Lease Properties & Commercial Loans

If 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. Some examples of net leased properties to purchase are listed below.

If you are considering purchasing Commercial Real Estate or a Triple Net Leased Property, you can consider getting a Mezzanine Loan. Mezzanine Financing and Non Recourse Loans are available through Commercial Loans at Loanrise.com.

Here are some of the Retail Single Tenants that may be available as a Net Lease Investment or Triple Net Lease Property:

•AutoZone Net Lease Investment
•Burger King Net Lease Investment
•Costco Net Lease Investment
•CVS Net Lease Investment
•FedEx Net Lease Investment (Federal Express Net Lease Investment)
•Home Depot Net Lease Investment
•Kohl’s Net Lease Investment
•Kroger Net Lease Investment
•Lowe’s Net Lease Investment
•McDonald’s Net Lease Investment
•Oreilly’s Net Lease Investment
•Publix Net Lease Investment
•Safeway Net Lease Investment
•Staples Net Lease Investment
•Steak n' Shake Net Lease Investment
•Target Net Lease Investment
•Walgreens Net Lease Investment
•Wal-Mart Net Lease Investment
•Wendy's Net Lease Investment

Healthcare Net Lease Properties

Long Beach, California - Net Lease Properties has information on a real estate investment trust (REIT) with investments in Healthcare related commercial real estate. Healthcare is currently, the single largest industry in the U.S. based on Gross Domestic Product ("GDP"). HCP, Inc. (HCP) is a Company, based in Long Beach, that invests primarily in commercial real estate serving the healthcare industry in the United States.
The HCP REIT has some recent acquisitions to add to their commercial real estate portfolio. They acquired a life science facility and two medical office buildings for approximately $48 million. The life science facility, a net lease property, is made up 85,000 rentable square feet. This net lease property is occupied by a single tenant under a 15-year triple-net lease. The medical office buildings are a combined 103,000 rentable square feet and are currently 95% occupied.
Recent quarters have revenue climbing at the health-care (HCP) real estate investment trust, the largest by market capitalization, as occupancies improve for their net lease properties.

Most health care REITs invest in various mixes of senior housing, medical office buildings (some with net leases), life science, laboratories and hospital assets. We have seen senior housing facilities which are triple net leased to third-party operators. These product types have varying degrees of upside, with steady cash flow given the nation’s aging Baby Boom population and its need for long-term medical care.
Net leased to a single tenant or otherwise, healthcare net lease properties seem to be one of the preferred asset types for Commercial Real Estate Investors and REITs.

Net Lease Properties & Commercial Loans

If a Medical Office Building is of interest to you then contact us, HERE. We can also assist you with your Commercial Loans and Net Lease Properties Funding to purchase a CVS, FedEx, Walgreens, Target, Publix or a property net leased to McDonald's, Dollar General, Wendy's, Burger King or Taco Bell.

Commercial Real Estate Market in South Bay Area

Palo Alto, California - Net Lease Properties is looking into the South Bay area of California. San Jose, Palo Alto, Menlo Park and Mountain View are attractive areas for Commercial Real Estate.

One has to look no further than Carl Berg. Carl Berg is best known for a Commercial Real Estate empire that stretches across Silicon Valley and houses tech powerhouses such as Microsoft Corp. and Apple Inc., as well as upstart Companies such as cleantech firm Nanosolar Inc. If the Silicon Valley area is good enough for Carl Berg, then it is good enough for us.

Other examples of South Bay area Commercial Real Estate news is that AOL Inc. just signed a lease with Google Inc. Company.
It appears that AOL Inc. will occupy one of Silicon Valley’s premier addresses at 395 Page Mill Road, the former headquarters of Agilent Technologies.

We see a trend with Low vacancy in Palo Alto. This is usually seen as a sign that the overflow from the city will eventually find its way south down the Bayshore corridor, helping to fill vacant buildings throughout the South Bay Area.

Moody's latest ranking of commercial real estate markets has San Jose in the top ten. We are seeking further reports for Net Lease Properties in the Silicon Valley area.

Net Lease Properties & Commercial Financing

If a Net Lease Property or Commercial Real Estate is of interest to you then contact us, HERE. We can also assist you with your Commercial Real Estate Mortgage and Net Lease Funding to purchase a CVS, FedEx, Walgreens, Target, Publix, Kohl's, Arby's or an Industrial property.

Large Commercial Real Estate Deal in Santa Barbara

Santa Barbara, California - Net Lease Properties has news today on Santa Barbara Commercial Real Estate. A 38,000 square foot building, housing a Borders Book Store, sold for $10 Million. Borders holds a long-term lease on the three-story building and there currently are no projections as to whether it will stay in the building after the lease expires.

This Commercial Real Estate with the long term lease in place with Borders is a beautiful building. This property is located at 900 State Street in Santa Barbara.

The Buyer was SIMA Real Estate Fund. Press releases mentioned SIMA bought the building from Radius Group Commercial Real Estate. SIMA also owns the current State Street locations for the Coach and Anthropologie retail stores.

This is the largest Commercial Real Estate deal in Santa Barbara in over two years.

Reports are that before the structure was transformed for retail use, it was used as a Bank of America building.

Commercial Real Estate Financing Still Available

If a Multifamily Apartment Complex or a Shopping Center is of interest to you then contact us, HERE. We can also assist you with your Commercial Real Estate Mortgage and Net Lease Funding to purchase a CVS, Walgreens, Wendys, Target, Publix or other property.

Net Leased Kohl's-Occupied Building Purchased

Elk Grove, California - Net Lease Properties news for the day is that Inland Real Estate Acquisitions, Inc. has purchased a Freestanding Kohl's-Occupied Retail Building in Elk Grove, California. This Net Lease Property was acquired for $21.5 Million. The Commercial Real Estate Property was acquired on behalf of Inland Diversified Real Estate Trust, Inc.

This Net Lease Property is freestanding retail building in Elk Grove that is 89,887-square-feet. The Net Lease Property is occupied by Kohl's Department Stores, Inc., a subsidiary of Kohl's Corporation ("Kohl's"). Kohl's is on a net lease that extends through 2028, with multiple renewal options.

Kohl's is a strong and growing retailer, and a very desirable tenant that has been expanding rapidly in California. Kohl's have opened more than 30 stores and a distribution center in California in the last year. Elk Grove, is an affluent community just south of Sacramento, proved a very desirable location for Kohl's.

The retail building serves as an anchor to Calvine Pointe, a proposed 240,000-square-foot retail project currently in development. The project's developer has announced plans for the construction of multiple retail parcels, including a Fresh & Easy Neighborhood Market.

Inland Real Estate Acquisitions, Inc. is the purchasing arm for various entities that are a part of The Inland Real Estate Group of Companies, Inc. Inland has been ranked collectively the as second fastest-growing acquirer of retail property in the United States and one of the largest shopping center owners in North America.

Search For Net Lease Properties & Commercial Loans

If you feel this is the right time to invest in Commercial Real Estate, Multi-Family Apartment Buildings, Shopping Centers or Net Lease Properties then contact us, HERE. We can also assist you with your Commercial Real Estate Mortgage and Net Lease Funding to purchase a new property.

Net Lease Property Refinanced in Redondo Beach

Los Angeles, California - Net Lease Properties has news today that HFF secures $8.6 million refinancing for Kohl’s in Redondo Beach, California.
The Los Angeles office of HFF mentioned that it has secured post-closing acquisition financing of $8.6 million for an 82,957-square-foot Kohl’s at the South Bay Galleria in Redondo Beach, California.

The Commercial Real Estate Loan has terms with a five-year, fixed-rate loan with Nationwide Life Insurance Company. The client purchased the property in July 2009 for $17.25 million.
This Commercial Real Estate is a two-story property. This property is located at 1799 Hawthorne Boulevard and is part of the 950,000-square-foot South Bay Galleria regional mall in Redondo Beach.
This Shopping Center is located in the middle of the South Bay, the property is close to the 405 Freeway and affluent beach cities. Kohl’s Net Leases the entire property through January 2028.

Search For Net Lease Properties & Commercial Loans

If you feel this is the right time to invest in Commercial Real Estate, Multi-Family Apartment Buildings, Shopping Centers or Net Lease Properties then contact us, HERE. We can also assist you with your Commercial Real Estate Mortgage and Net Lease Funding to purchase a new property.

Leased Investment Properties in California

Sacramento, CA - Some People felt that Gov. Arnold Schwarzenegger's plan to sell two dozen state Office Buildings would cost California taxpayers billions of dollars in rent in the years ahead, far more than the state would make from the sale.

The State would lease the Office Buildings from the New Owners. The California terms for the lease of the Office Buildings from the new owners for 20 years. Over that period, it would pay $5.2 billion in rent, according to documents prepared for potential buyers of the sale-leaseback agreements.

The terms of the proposed leases also say the state would have to pay a monthly fee for nearly 3,500 parking spaces it now controls, adding $138 million to the state's costs over the next two decades. California taxpayers would even cover increases in property tax assessments once the buildings are sold.

Purchase and Sale-Leaseback

Well, The State of California, California Department of General Services (DGS) has received our Offer plus an estimate of more than 300 other offers to purchase and lease back 11 state office properties. Multiple bids were received by California for their exclusive Office Building portfolio which totaled in excess of $2 Billion.

The bids were received after CB Richard Ellis placed the properties on the market in late February. This generated worldwide interest from numerous buyers seeking stable, Leased Investment Properties.

The sale is also expected to net significantly more than the anticipated $660 million in proceeds that the state of California originally projected. Those proceeds should be funneled directly into the General Fund, helping to save Californians from increased taxes and deeper cuts in state programs and services.

Search Commercial Real Estate & Non-Recourse Loans

CONTACT US HERE for a solid recession resistant net lease investment. We can assist you with your search for Net Lease Property Investments. Also contact us to sell your existing Net Lease Properties portfolio.


We specialize in providing Triple Net Lease Properties to investors who are involved in a 1031 exchange.
CONTACT US HERE for:
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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.

Single-Tenant Triple Net Wells Fargo

Triple Net Transaction

Riverside, CA – We want to report the sale of a single-tenant Triple Net (NNN) Wells Fargo in Menifee, California. The purchase price was $3,245,000.

This Triple Net Property Investment is located in Riverside County at 30186 Haun Road in Menifee, CA. The single-tenant Wells Fargo is a pad building situated within the Countryside Marketplace. This is the dominant power center in the region anchored by Super Target, Lowe's, Kohl's, Best Buy, Staples and Michaels. Other notable tenants include Old Navy, Petco, In-N-Out, Red Robin, Chipotle and Starbucks. This Commercial Property was built in 2008. Wells Fargo occupies the Investment Property which is a 5,250-square-foot, free-standing building situated on a 0.55-acre parcel of land.

Demand for Net Lease Investments 

The demand for single-tenant NNN net lease investments continues to be extremely strong. Many are being gobbled up with "All Cash" Buyers.

This Triple Net Wells Fargo benefits from an excellent location with an area that features a high quality mix of Credit Tenants.Single-tenant bank buildings with the credit of a Wells Fargo or similar to it are highly desirable. Many view this as one of the most stable and secure Single-Tenant investments.

The buyer was Lew 1st – Crenshaw Properties, LLC of Glendale, California. The buyer paid cash as part in a 1031 exchange for this transaction. The seller was Donahue Schriber Realty Group of Costa Mesa, California. Costa Mesa is one of the most favorable locations for Net Lease Properties.

If you are interested in purchasing a Triple Net Lease Property or if you need a Non Recourse Loan, contact us. We have sources for excellent financing on Multi-Family Properties also.

Commercial Real Estate
11420 U.S. Highway 1
North Palm Beach, FL 33408
(561) 707-7712‎

Contact Us HERE for:
1031 exchanges
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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.