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Property for Sale » United States » California » Nationwide

Portfolio 10 25yr NNN ground leases

Commercial Income Property (Other)

Listing Expired almost 3 years ago

List Price:

$0

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Nationwide, California 90212 Get Map


Posted February 12, 2009



Description:

The following is an overview on the ground lease portfolio offering:

  • 10 land parcels leased to a BBB+ Credit National Tenant on an unsubordinated triple net basis for 25 years beginning on or before May 1, 2009.
  • Options: 3 of 10 years each.
  • Escalations: 10% each 5 years during the primary term and option periods.
  • Annual rental at close: $ 5,671,253.
  • Purchase price: 6.5% cap firm.
    —
    Marc Spiegelman
Managing Director Beverly Hills Office: 9744 Wilshire Blvd., Ste. 207 Beverly Hills, CA 90212 (415) 999-6756 mspiegelman@brcadvisors.com www.brcadvisors.com