March 28, 2024

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Chicago Area, Course-A Important Small business Residence Obtained by NAS Investment decision Answers

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Acquisition Results in Minimal Time Opportunity for Traders Trying to get Assets for an Speedy 1031 Trade

BURBANK, Sick., Feb. 24, 2021 /PRNewswire/ — NAS Investment Alternatives (NASIS), a nationwide sponsor of significant-top quality real estate financial commitment attributes, has acquired a Course-A, 14,833 sq.-foot, critical organization house in Burbank, IL. Positioned close to 15 miles southwest of downtown Chicago, the property is 100% leased to Walgreens, a nationwide retail pharma operator and an financial commitment quality tenant. Walgreens’ dad or mum company, Walgreens Boots Alliance has corporately assured a 17+ yr, absolute NNN lease.

Walgreens is one of the oldest and largest pharmacy retail outlet chains in the country. Developed in 2013, this area features a pharmacy generate through window. The property is situated in a densely populated place at a signalized intersection with an approximated day by day visitors rely of 50,000 autos. The house has 62 parking spaces on a total ton measurement of 54,866 sq ft.

The acquisition produces an option for 1031 Exchange investors who are in quick require of a good quality alternative home. It is also ideal for self-directed IRAs and signifies a narrow window of opportunity for accredited traders to take part in an expense that is projected to deliver an yearly 5.75% dollars-on-cash return commencing on day one particular.

“This expenditure residence is a terrific chance to obtain fractional fascination in a primary, economic downturn-resistant asset with reliable, predictable cash movement that is non-correlated to Wall Avenue performance,” commented Karen E. Kennedy, President and Founder of NAS Financial investment Methods and National Asset Companies. “There is a strong demand from customers for superior good quality genuine estate investments with expense quality tenants in sturdy suburban markets these kinds of as Burbank. Investors are turning to top quality professional authentic estate as an financial commitment alternative that is insulated from Wall Avenue uncertainty.”

Assuming duties for asset management and property management for the recently acquired home is National Asset Providers (NAS), a single of the Nation’s primary industrial real estate businesses.

Accredited buyers searching for additional information on this sponsor-owned residence should get in touch with Karen E. Kennedy at [email protected] or at 310.988.4240.

About Countrywide Asset Services (NAS)

Considering that 2008, NAS has served 2,520 investment purchasers and has proven an spectacular monitor history for investment residence administration. The keep track of document incorporates making around $585 million in money distributions to house investors and controlling a professional authentic estate portfolio of 168 diverse professional properties, comprised of 24.34 million square toes, in 30 states. The general worth of NAS’ managed portfolio in the firm’s 11-yr heritage, totals $3.3 billion.

Headquartered in Los Angeles, California, NAS manages a large variety of varied industrial authentic estate: Office environment, medical business, multifamily, retail, scholar housing, assisted residing and industrial flex homes. The firm manages only owned and multi-proprietor qualities. NAS provides a large array of asset management abilities. They include: Property management venture management lease administration acquisition and disposition services true estate approach investigation lengthy-selection organization targets checking transforming sector disorders trader relations genuine estate and trader accounting mortgage modification and exercise alternatives exit and hold techniques leasing & promoting tenant retention designs exploration scientific tests web site choices feasibility experiments insurance coverage danger administration money enhancement preparing and monitoring assets tax enchantment products and services and cost segregation services.

About NAS Expenditure Answers (NASIS)

NAS Expense Alternatives was set up to leverage Countrywide Asset Services’ vast experience in financial investment property administration by pinpointing, obtaining, and enhancing business serious estate investments throughout all sectors of the true estate marketplace. The business is differentiated from other residence investment decision sponsors by:

  • Investing in the assets alongside investor purchasers

  • Controlling the sponsored financial investment as a result of Countrywide Asset Providers, building the business accountable all over the whole maintain period

  • Retaining higher acquisition standards and executing an exhaustive, transparent due diligence system

  • Totally vetting probable house investments, utilizing industry experts that have comprehensive working experience in obtaining and managing genuine estate

  • A proven monitor report of closing qualities on time

  • Guaranteeing investment houses are 1031 exchange qualified and qualify for self-directed IRAs

For much more data about Countrywide Asset Companies and NAS Investment decision Alternatives, go to nasassets.com or nasinvestmentsolutions.com.

Contact:
JW Robison
310-795-8985
292161@e mail4pr.com

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Source National Asset Services

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