1031 Exchange in Triple Net Lease Properties

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.



Bookmark & Share

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.

REIT Adds 2 Medical Office Buildings To Its Net-Lease Portfolio

ROCHESTER, New York - A recent announcement is that Broadstone Net Lease, Inc. closed on two sale-leaseback transactions of medical office buildings. The combined purchase price was $9.5 Million.
BNL then purchased a third Physicians Immediate Care site. The property is an urgent care center located in Loves Park, IL.

Net-Lease Property Portfolio

Broadstone Net Lease, Inc. is a private Real Estate Investment Trust (REIT) formed in 2007 to invest in a diversified portfolio of freestanding, single-tenant, Net-Leased properties located throughout the United States.

Medical Office Buildings are trending now. Although you might consider Multi-Family Apartment Buildings as there are great financing deals now. Of course, Triple Net Lease Properties are always a hot ticket item.

Net Lease Funding & Search For Triple Net Lease Properties

If you feel this is the right time to invest in Commercial Real Estate, Multi-Family Apartment Buildings, or Triple 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.

Healthcare REIT Buys Pittsburgh Medical Building for $40.5M

Scottsdale, Arizona – Healthcare Trust of America, Inc., a self-managed, non-traded, Real Estate Investment Trust (REIT), announced the completed acquisition of the Federal North medical office building located in Pittsburgh, Pennsylvania for approximately $40,500,000.

Federal North is a four-level medical office building comprising nearly 192,000 square feet. Included in the deal is a separate four-level, 525-space parking garage. This Commercial Real Estate Investment is a Class A Building, located near a 724-bed hospital, is 99 percent occupied.

Pittsburgh is the second largest city in Pennsylvania with a metropolitan area population of 2.5 million. With its diversified and balanced economy that emphasizes technology, world-renowned healthcare and outstanding universities, Pittsburgh was named by Forbes Magazine as its number one “Most Livable City” in May 2010, and The Economist magazine named Pittsburgh the number one city in the United States in June 2009. Pittsburgh looks like a good area for Multi-Family, Commercial Real Estate Investments and Net Lease Property Investments.
During the past decade, Pittsburgh has added approximately 4,000 jobs a year in the healthcare industry and is anchored by eight Fortune 500 companies.

Net Lease Funding & Search For Commercial Real Estate

If you feel this is the right time to invest in Commercial Real Estate, Multi-Family Apartment Buildings, or Triple 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.

Medical Office Building Sells For $21 Million

Charlotte, North Carolina - Commercial Real Estate Investment opportunities are showing up in the Medical Office Buildings market. A Stamford, CT based RiverOak Investment Corp., LLC. has recently purchased four-buildings in the Novant Health, Inc. portfolio in the Charlotte-Winston-Salem Corridor of North Carolina for $21 million.
The seller of this Commercial Real Estate Investment was a group of private investment entities advised by Commercial Realty Advisors of Winston-Salem.
The buildings in the Novant portfolio are currently 100% occupied by divisions of the Novant Healthcare System. Together they consist of just under 250,000 square feet of medical warehouse, accounting, human resources and IT Office Space.

Commercial Real Estate Investment Groups target Medical Office Buildings

Some Commercial Real Estate Investment Groups are targeting medical office buildings, because Healthcare, as a percentage of GDP, is growing, and could soon reach 20%. Also, approximately another 30 to 40 million people will be added to the system, because of the recent Healthcare reform legislation.

Healthcare as a business is looking like a recession-resistant business. Many of the Leases on these Medical Office Buildings are Single Tenant, Triple Net Leases, which means the tenant pays all the operating expenses. Triple Net Lease Properties are normally not as subject to change in value as conventional Office Buildings are.

Some reports have Healthcare Buildings at the lowest delinquency rate, 4.33%, of all the major Commercial Real Estate sectors.

If you feel this is the right time to invest in Commercial Real Estate, Apartment Buildings, Net Lease Properties or a Medical Office Building then contact us, HERE. We can also assist you with your Commercial Real Estate Mortgage and Non-Recourse Loan to purchase a new property.

Healthcare Trust (REIT) buys Medical Office Building

JACKSONVILLE, Florida - Healthcare Trust of America Inc. has recently reported that it has acquired a Medical Office Building. This Office Building is on the campus of St. Vincent’s Medical Center. The Purchase price was in the vicinity of $10.8 million. The Seller was an Investment Group called King Street Investors LLLP.
Healthcare Trust of America Inc., a self-managed, non-traded, Real Estate Investment Trust (REIT), completed acquisition of the 53,169 square foot Medical Office Building in Jacksonville.

King Street Medical Office Building is 100% occupied and is home to the Gary and Nancy Chartrand Heart & Vascular Center. The Medical Office Building, now owned by the REIT, is connected via skybridge to the 528-bed hospital and parking structure at 1 Shircliff Way. A St. Vincent’s representative said King Street Investors leased the land from the hospital, and that Lease will continue with the new owner.

Healthcare Trust of America, is based in Scottsdale, Arizona. This Real Estate Investment Trust owns 7.5 million square feet including 163 Medical Office Buildings. This REIT also owns six hospitals, nine skilled nursing and assisted living facilities and four other Office Buildings in 21 states.

If you feel this is the right time to invest in Commercial Real Estate, Apartment Buildings, or a Net Lease Property especially a Triple Net Lease Property then contact us, HERE. We can also assist you with your Commercial Real Estate Mortgage and Non-Recourse Loan to purchase a new property.