Phoenix, Arizona – The NNN Commercial Real Estate news for this afternoon is on a Net Lease Property that sold in the hot Phoenix area. NNN Commercial Property Investors believe Net Lease Properties are the perfect 1031 Exchange replacement property. So we found through our NNN Investment Properties search that a net leased property with an OfficeMax has sold. A prominent Net Lease Properties Group helped procure the recent sale the OfficeMax Property. This OfficeMax Net Lease Commercial Property is situated at 6310 South 35th Avenue, in Phoenix, with the Arizona zip code of 85041. This Net Leased Property is located Maricopa County which is becoming a very popular Arizona County.
Arizona Net Leased Property Search
The Arizona Net Leased Property had been marketed with some attractive benefits. The prominent Net Lease Properties Group had set up an asking price of approximately $3.3 Million which would equate to about $183.26 per square foot. Our NNN Commercial Real Estate news staff does not have the closing price as of yet. The Net Lease Property had a Cap Rate of 9.25% partially because it was an Arizona NN Investment (double net property). This Net Lease Investment is positioned in a Wal-Mart Supercenter anchored retail shopping center.
This portion of the NNN Commercial Real Estate Market offers strong demographics for this growing Phoenix market. The building accompanied in this net Lease Investment has OfficeMax leasing 100% of the approximate 18,116 square feet. Also it is a NN corporate guaranteed net lease. The Arizona Net Leased Property is in an excellent retail location and has rent bumps every five years.
Commercial Real Estate For Sale
We also have NNN Commercial Real Estate news from Los Angeles, California. We know some of our NNN Commercial Property Investors are in need of a net leased property tenant. We have news on TOMS Shoes, a fairly new net leased property tenant. TOMS Shoes has a net lease on approximately 71,000 square feet of office space. This California net leased property sits at 5404 Jandy Place, in the Marina Business Park. This is the new Headquarters for TOMs Shoes, and is just east of Marina del Rey. The net lease property tenant, TOMs Shoes, is known to donate one pair of shoes for each pair of shoes sold.
The Net Lease Property Tenant, TOMs Shoes was founded by Blake Mycoskie back in 2006. The TOMS Shoes Company makes simple canvas slip-on shoes which are modeled after the Argentine alpargata. The Net Leased Property tenant makes shoes which have become an iconic fashion statement. This retail product is a best seller at retail stores such as Nordstrom, Neiman-Marcus and Bergdorf Goodman. Those retail stores also make for excellent NNN Commercial Property Tenants.
Retail Properties For Sale
A recent survey that was released by Unity Marketing has revealed the list of retailers which are frequented by the most wealthy American shoppers. This category of wealthy American shoppers for retail are people earning $250,000 and more. Barneys New York, Nordstrom and Bergdorf Goodman ranked as the top luxury retail department stores among what are known as the ultra-affluent, in the Luxury Report 2011.
This Los Angeles County Net Leased Property sits on a large block in bustling West Los Angeles. This Los Angeles NNN Commercial Real Estate Market is ripe for entertainment businesses, technology-related companies and Car Insurance Agencies with office space. This Los Angeles County Net Leased Property is a concrete built-up facility, and was constructed in 1973. This California NNN Commercial Property recently had a new facade structures, landscaping updates, and has plenty of parking for tenants. This Los Angeles NNN Commercial Real Estate development is near Playa Vista amenities, easy freeway access, and LAX.
Contact Net Lease Properties to purchase Commercial Real Estate all across the Country.
