Property details

1031 Exchange TIC, Northeast Region

Property Description

1031 Exchange TIC

1031 Exchange TIC with 100% Occupancy

Management provided by TIC Sponsor

Tenants: EDO Corp (28.37%); NICOMATIC (22.98%); Bux-Mont Sports (18.66%)

Property consists of 2 single-story office/flex buildings located in a Corporate Center, an 80 acre business campus,

Only 3.9% of rent roll expires in first 2 years

The current County flex market vacancy is 8.5% and has been well below 10% since 2004. Average flex rents in the county have grown an annual average of 5-6% over the last three years. Very little new flex product (530,000 sq ft) has been delivered to the county market over the last five years.

Offering price per square foot: $160.18

There is no debt on the property. Sponsor purchased the property will all equity.

Est. cash on cash return is 6.5% for the first year, increasing to 8.0% over 10 years. Holding period for the investment is 10 years, at which time the Sponsor intends to sell the property.

Benefits of a TIC investment include:
-faster closings
-varying amounts of equity and debt available to meet exchange needs
-private offerings, therefore not listed or directly impacted by the stock market
-access to a higher-grade institutional asset
-pre-arranged non-recourse financed
-professional property management
-incremental cash flow and appreciation / depreciation benefits
-deeded interest in the property.

Other property related to 1031 Exchange TIC

1031 Exchange TIC 1031 Tenant In Common Bank Building TIC
Commercial Retail TIC Dollar General TIC Fractional Ownership
Secutity Real Estate Tenancy In Common Tenants In Common
TIC TICs

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Highlights

Status:
Available
Price:
$435,000
PSF:
$5
Cap Rate:
6.50%
Annual Rent:
$942,500
Rent Increases:
None
 

Property Information

Building Size:
90,523 sq.ft.
Property Type:
TIC
Industry Type:
Office
Units/Spaces:
7
Year Built:
2004
Land Area:
10.00 acres
Purchase Tenure:
Fee Simple
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.