A 312-unit Multi-Family Community sells

NORTH PORT, Florida - News for today from Triple Net Lease Properties is on JBM of Marcus & Millichap. JBM is a well established multifamily brokerage and advisory team with a focus on Exclusive Seller Representation, for the analytical evaluation, marketing and disposition of institutional grade portfolios and single large apartment communities. JBM has announced the sale of Riley Chase Apartments in North Port, Florida. North Port is about 16 miles wast of Venice, Florida, near Sarasota.

Riley Chase is a Class B, 312-unit multifamily community, was built in 2001. It is situated close to I-75. The community consists of 13 three-story residential buildings of wood-frame and stucco construction. The buildings feature one- and two-, and three-bedroom floor plans ranging in size from 687 sf to 1,160 sf. NNN Commercial Real Estate has invested in some Apartment Buildings in this area. Although Apartment Buildings are not Net Lease Properties they can still be a valuable addition to your Commercial Real Estate portfolio.

These Apartments for rent in North Port, Florida are a wonderful deal fro Tenants to lease. These apartment rental homes are a haven of peace and quiet. The tenants will lease apartments that are nestled in a picturesque setting and surrounded by beautiful nature preserves. This Investment Property has a community which offers floor-plans for rent with cable connections, stackable washer-dryer connections and well-equipped kitchens. These Apartment Units were constructed with solid ultra-quiet materials, and concrete floors and walls help keep your home quiet and energy efficient. This Investment Property is close to everything, yet hidden just off the beaten path for privacy and comfort.

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

Net Lease Property News

Triple Net Lease Properties Big News for the day is about General Growth Properties. They are one of the largest mall property managers in the U.S.A. and the current owner of the beautiful "Mizner Park" in Boca Raton. General Growth Properties is planning to launch an initial public offering (IPO) on the New York Stock Exchange Friday, according to the Associated Press. Past news was that General Growth Properties had filed for bankruptcy protection last April. Probably the largest real estate bankruptcy case ever recorded in the U.S.
Net Lease Properties was told Simon Property Group offered to buy the company outright in February for estimate of $10 billion. However that deal was turned down.
News from:
Commercial Real Estate
11420 U.S. Highway 1
North Palm Beach, FL 33408
(561) 707-7712‎

Are Banks ready to Lend on Commercial Real Estate?

Triple Net Lease Properties asks if this is some news on recovery? The Atlanta Fed notes that a recovery is under way, and shifting from government support to private sector activity.
However, Banks are now up against 900 Billion Dollars of bad or weak commercial paper, largely held by small or regional banks. Small Business does depend on small or regional banks for financing.
Some predictions are the looming Commercial Mortgage Notes will put many Property Owners underwater.

According to Alex Sanchez, president and CEO of the Florida Bankers Association, he said, banks here have been more than willing to lend during this economic downturn - but regulatory oversight has impeded that in many cases.
Banks are not happy with the regulatory environment that exists.

With heavy regulatory scrutiny Banks have been under, it prevents them from working with some of the customers they would really like to work with. But their lending process has to completed, and people have to qualify. Otherwise we end up like the Residential Mortgage sector with a huge Foreclosure rate.

For Net Lease Properties we suggest going for a Non-Recourse Loan if possible.

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

Non Recourse Loans Available

Try this site out for a Non Recourse Loan.

Let the loan experts assist you in finding a Non-Recourse Fixed Rate Retail Loan or Government Loan.
They will get you the best terms possible in today's marketplace!

Click here for Non Recourse Loan

NNN Commercial Real Estate always tries to get a Non Recourse Loan when available. The Non Recourse Loan is excellent when purchasing a Triple Net Lease Property.

Westshore Business District activity in Tampa Bay

TAMPA, Florida - Triple Net Lease Properties would like to revisit this Business area in Tampa Bay. We feel this area is full of long term investments. This is a sample of a transaction in the past months.

The Westshore Business District has more activity as The PBSJ Corp. will relocate its Tampa office to MetWest One. This building is a LEED-certified office building, which was recently opened at MetWest International. The announcement comes from Taylor & Mathis of Florida.

The PBSJ Corp. is an engineering, architecture and construction company. They signed a long-term lease for 83,000sf starting in January 2010. The Westshore Business District location will serve as the company's headquarters. Taylor & Mathis Managing Director of Leasing, Angela Odell, negotiated the transaction on behalf of the owner, MetLife.

In 2006, PBSJ moved its headquarters to Tampa from Miami. They are currently located at Cypress Commons, 5300 W. Cypress Street. That Westshore building, which was constructed in 1985, is owned by Eola Capital LLC. This location is at the signalized intersection of W. Cypress St. and E. Frontage Road. Florida Commercial Real Estate is still a force. This Tampa Bay Market is ripe for Net Lease Property Investments.

Contact Net Lease Properties to sell your net lease properties, purchase NNN Property or 1031 exchange opportunities.

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

Net Lease Properties Ready For Funding From Ocean Bank

MIAMI, Florida - We at Triple Net Commercial Real Estate would like to re-visit an older story we did.
This may give you some ideas for Commercial Real Estate Financing. We also have some Mortgage Specialist we could recommend.

Ocean Bank has announced that it provided a loan of approximately $11.7 million to Elias and Jorge Kasabdji. The Kasabdjis are principals of Flagler 4100 Property LLC. The funds are for construction of a 144-room Best Western hotel which will be located at 4100 W. Flagler Street, in Miami.

Armando Martinez and Iliana Ivis Rodriguez were the Ocean Bank loan officers handling this timely transaction. Brian L. Fink of Catlin Saxon Fink & Kolski LLP, in beautiful Coral Gables, represented Ocean Bank in the deal. 4100 Property LLC was represented by Lawyer Roberto F. Fleitas of Fleitas & Bujan, in Miami.

Ocean Bank, founded in 1982, and is the largest independent, state-chartered commercial bank based in Florida. Despite having an out of the ordinary start in trailer offices, Ocean Bank has more than $4.6 billion in assets.

Ocean Bank currently has branch locations in Dade and Broward Counties.
We have found several Banks that are available as Triple Net Lease Properties.

Single Tenant Net Lease: Church’s Chicken corporate store

PINELLAS PARK, Florida - Net Lease Properties reports that a Church’s Chicken corporate store has been sold in Pinellas Park. The sale price was $615,000. The Pinellas County Real Estate is approximately 1,425 square feet.
A senior investment specialist in Marcus & Millichap’s Tampa office, had the exclusive listing.
Marcus & Millichap has more than 1,300 investment professionals in offices nationwide. Marcus & Millichap Real Estate Investment Services is one of the largest firm specializing in commercial real estate investment services.

Triple Net Lease Properties has invested in the Pinellas Park area. It is an affordable area and close to beautiful scenic beaches.