Commercial Real Estate Double Treat: Pacwest Closes Two Building Triple Net Deal
The client wanted to transition out of multifamily properties and go into a truly passive investment property where the tenant was responsible for the maintenance and repairs of the property. They were looking for hassle-free ownership and a secure, stable passive income stream.
The Pacwest Solution:
We arranged a $4,889,000 acquisition of two new built-to-suit buildings, with DaVita Dialysis as the anchor tenant. Both properties featured a 15 year corporately guaranteed leases and the tenant is responsible for all maintenance and repair as well as property taxes and insurance.
The property is well located next to a major hospital campus which is a partnership with the third largest healthcare employer in the state, with a network consisting of 7 hospitals, 35 clinics, and over 235,000 patients.
Pacwest Commercial specializes in securing deals for our clients that meets their both their financial and real estate investment goals.
For more information about our programs, please contact:
René’ Nelson, CCIM, Direct 541-912-6583 | Office 888 420 1031 | René@1031guru.com