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Los Angeles, California – The NNN Commercial Real Estate news for the evening is on a Non Recourse Loan for a Retail Shopping Center. This retail shopping center is located at 13219 Gladstone Avenue, in Sylmar, with the California zip code of 91342. A Commercial Real Estate investment banking firm has recently secured a $19.2 million Commercial Loan. This net leased retail shopping center is known as the Sylmar Towne Center. This Commercial Real Estate investment banking firm refinanced a bridge loan secures by the net leased property, Sylmar Towne Center. This Commercial Loan secured by the California Net Lease Property is approximately 150,116 square feet, This Commercial Loan collateral is a grocery anchored retail net leased property in bustling Los Angeles.

This NNN Commercial Property development is situated on approximately 9.43 Acres. The California retail shopping center has net lease property tenants that include a Ralph’s Grocery Store, a Big Lots Store, CVS Pharmacy and Kragen Auto Parts. This is a unique NNN Commercial Property investment as it is one of the only retail shopping centers north of the 210 freeway in Sylmar. This California NNN Lease Investment is situated in a very busy area. There were major Renovations that took place in 2008 and 2009. This NNN Commercial Real Estate Investment is surrounded by the newly redeveloped Los Angeles Mission College. This Net Lease Investment also benefits from about 300,223 people living within a 5 mile radius of this NNN Property.

The borrower – owner of this California Net Leased is Sylmar – Glenoaks LLC. This refinanced Commercial Loan is a non recourse loan, as a 10 year loan. This Non recourse Loan came with an attractive 5.39% interest rate. This non Recourse Loan has a 30 year amortization schedule with a LTV (loan to value) of approximately 70%.

The NNN Lease Property Owner needed a non recourse loan as there was an out parcel of land that was released from the original Commercial Loan and will not be encumbered by this new Non Recourse Loan. We are not aware of which Life Insurance Company funded the capital for this Non Recourse Loan. The Commercial Real Estate investment banking firm reached out to various funding sources including life insurance companies, Commercial Banks and wall street conduits to find the right connection for this Net Leased Property financing.

Some of these NNN Commercial Property developments require a certain amount of effort to see the property for its entire value. As some of these Net Leased Properties are in the middle of Tenant negotiations and incoming net lease tenants. This retail shopping center is becoming one of the San Fernando Valley’s most desirable net lease properties. This retail NNN Commercial property Development is positioned in Los Angeles County.

Our NNN Commercial Real Estate Investors are very interested in grocery anchored triple net lease properties. These NNN Commercial Real Estate Investors are also interested in sale-leasebacks and various 1031 exchange deals with single tenant net lease properties (STNL).

Triple Net Lease Properties qualifications:

• Long-term ground lease guaranteed by Investment Grade Tenants
• Net Leased Property tenants rated S&P: BB- or higher.
• Absolute NNN lease properties with 12 plus years remaining and rent increases are highly desirable.
• NNN Commercial Real Estate developments positioned at a strategic location within a major retail corridor and with Interstate access.
• Triple Net Leased Properties with a site that offers convenient access (especially corner location) and excellent visibility
• Attractive assumable CTL financing in place with Commercial Loans having a fixed rate, amortized, and non-recourse loans
• Located near prestigious retail shopping malls with over 200 retailers

Contact Net Lease Properties to purchase Commercial Real  Estate all across the Country.

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