Florida Commercial R.E.

Florida Mixed-Use Property wins Award

Jacksonville, Florida – NNN Commercial Real Estate news for the day is on a Commercial Property Award for a Mixed-use development. The Tapestry Park European Village development won the Mixed-Use Property Project of the Year Award in NAIOP Northeast Florida’s Annual Awards. NAIOP, the Commercial Real Estate Development Association, is the top organization for commercial real estate developers, investors and related professionals in office, industrial, retail and mixed-use commercial properties.

This NNN Commercial Real Estate development is located in the vibrant, growing area of Southside in Jacksonville, Florida. This Florida mixed-use development in Jacksonville, Florida has raised the level for pedestrian-friendly, NNN Commercial Real Estate Developments.

The Deerfield Beach based Company, SIKON Construction Corporation, was the general contractor for this Jacksonville newly constructed Tapestry Park European Village. The SIKON Construction Corporation recently was awarded the the Mixed-Use Property Project of the Year Award.

The Florida Mixed-use property development is built on an 18-acre parcel. This Mixed-use Property aspires to become the European-style village that consists of upscale retail net lease properties, gourmet eateries, fine restaurants on a lake, and a boutique hotel. This NNN Commercial Real Estate Development is situated between downtown Jacksonville and the gorgeous Florida beaches.

NNN Commercial Real Estate analysts in the southeast, specifically Florida, see the major shifts in the commercial real estate sector. So many Net Lease Properties developers, NNN Commercial Real Estate designers, and financiers are adapting to the current economic trials and are targeting niche markets. So Developers worked on the Net Lease Investment Project which was developed by Tapestry Park Commercial Venture LLC.

The Florida Mixed-use Property is a distinctive 60,000 square foot commercial project and is Jacksonville Southside’s first neo-traditional mixed-use development. The Florida Mixed-Use Property is located at Southside Boulevard and Gate Parkway. This NNN Commercial Property development appeals to people who are want a short commute to offices and want to live in a vibrant community.

The Mixed-use Property had Phase I designed by Charlan Brock & Associates, Maitland, and Phase II was designed by Cuhaci & Peterson Architects, of Orlando. Cuhaci & Peterson Architects has designed plenty of Retail Projects including LA Fitness at Saxon Crossings in Orange City, Florida, which is in Volusia County. Cuhaci & Peterson Architects is a great source for designing NNN Commercial Real Development, especially in Florida.

SIKON Construction Corporation has ranked 61st largest among South Florida’s “Top Private Companies” according to South Florida Business Journal’s annual 2010 survey. SIKON Construction Corporation has many premier clients with longtime connections including Best Buy, Fresh Market, Target Corporation, Whole Foods, Winn-Dixie and others. One of the favorite Tenants to have leasing in net lease properties developments is Publix, also a client of SIKON Construction.

NNN Ground Lease with Chase Bank, Investment Properties

Miami Beach, Florida - Today Net Lease Properties information is regarding a Ground Lease. A large Real Estate Investment Services Company has helped with a transaction on a ground lease in Miami. This Investment Property has sold for $3,615,000.

The Investment Property is a JP Morgan Chase ground-leased property in Miami. The land is currently leased on a 15-year ground lease to the tenant, JP Morgan Chase Bank. This Investment Property consists of 38,295 square feet of land and is an outparcel to a Kmart Retail Center. The land is currently leased on a 15-year ground lease to the tenant, JP Morgan Chase Bank. The Commercial Property address is 10760 Biscayne Boulevard in Miami.

The Net Lease Property seller is a limited liability company from Miami Beach. The buyer of the Commercial Property is a limited liability company from Aventura. Aventura is an upscale community just north of Miami Beach. The Buyer of this Net Leased Property should enjoy secure cash-flow from the tenant, with generous increases to the rental rate every five years.
Several of the large Quick Service Restaurant Chains (Fast Food) are involved in Ground Leases across the Country. We, at Net Lease Properties are seeking Absolute NNN Ground Lease, with no management responsibilities, for our group of Investors.
Those Owners of Net Lease Properties with non-recourse self amortizing financing may CONTACT US HERE for immediate sales.

Many of these Absolute NNN Ground Lease Investments can be solid assets and well-positioned to build wealth over the long term.

The Single Tenant, Net Leased Property Investment

Single Tenant, Net Lease Properties Investing

We would look like to give a reasonable definition of Net Leased Property Investment which may be a Single Tenant, and of course the premium with a Credit Tenant.
Typically, a Single Tenant, Net Leased property is a freestanding retail, or office building occupied solely by one user. This Single Tenant is bound by a long-term Lease of the building. The Net Lease obligates the tenant to pay the building's real estate taxes, insurance and maintenance costs.
A Net Lease Property Investment is has lessee bound by contract to pay any expenses related to the ownership of the property, including but not limited to utility bills, building repairs, annual taxes and insurance needs. It is sometimes referred to as a closed-end lease.

Double net (Net-Net) NN normally means that the Tenant pays for everything except structural repair. Some examples of the Net-Net could be a Dollar General or Dollar Tree Net Lease Property. We have seen some Walgreen's that are Net-Net (NN) but many can be found as Triple Net Leased Property.

My favorite is the Triple Net Lease (NNN) which means that the tenant is responsible for generally everything including structural repair. Each lease is different and it is best to check any lease in the negotiation process of a purchase. Walgreen's generally fall into this category. Some other Triple Net Lease Property Investments might have a Publix, Target, CVS, Kohl's or Taco Bell. McDonald's Properties and many banks such as Chase, BB & T and others could be a Triple Net Lease Property.

Net Lease Properties for Investments

Net Lease Properties Information

One type is the Single Net Lease transaction.
In a single net lease (sometimes shortened to Net or N), the lessee or tenant is responsible for paying property taxes as well as the base rent. Double Net Lease and triple-net leases (NNN Commercial Real Estate) are more common forms of net leases because all or the majority of the expenses are passed on the tenant.

Some points on the Double Net Lease.
In a double net lease (Net-Net or NN) the lessee or tenant is responsible for real estate taxes and building insurance. The lessor or landlord is responsible for any expenses incurred for structural repairs and common area maintenance. "Roof and structure" is sometimes calculated as a reserve, on these types of Net Lease Properties.

Finally our favorite of all the Net Lease Properties is the Triple Net Lease!
A triple net lease (Net-Net-Net or NNN) is a lease agreement on a property where the tenant or lessee agrees to pay all real estate taxes, building insurance, and maintenance (the three 'Nets') on the property in addition to any normal fees that are expected under the agreement (rent, etc.). In such a lease, the tenant or lessee is responsible for all costs associated with the repair and maintenance of any common area of that particular Net Lease Property.

Net Lease Properties

Commercial Real Estate

BiggerPockets Blog has it's 5 Year Anniversary! Congratulations!

It has been a great tool for Real Estate Investors. It is amazing how time flies. Personally BiggerPockets Blog has been an extremely valuable asset to my Commercial Real Estate business.

I want to wish BiggerPockets Blog another 5 years and continues success.

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NNN Commercial Real Estate

$24.2 million Bridge Loan to Falcon Square Apartments

ORLANDO - A bridge loan has funding completed to Falcon Square Apartments LLC for the acquisition of Falcon Square, a 379-unit apartment complex. It was a a $24.2 million Bridge loan funded by Canyon Capital Realty Advisors of Los Angeles, Calif.,

This apartment complex is near Walt Disney World in Orlando.

Falcon Square was developed by The Falcone Group, a Boca Raton based developer, and was completed in 2008. .

The apartment community is currently in its final stages of lease-up at 86% occupancy.

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