Palm Spring Area Single Tenant NNN Investment Property for Sale

An outstanding opportunity to acquire a single tenant NNN investment property with stable cash flow and a unique business model is available in the Palm Springs area. This premier restaurant chain with a loyal international following has a 15 year lease with annual increases. The business is owned by a 1500+ location restaurant corporation that knows how to operate successful enterprises. 6% cap rate on a  <$5M purchase price. Consider this - $292,000 net operating income per year for a rock solid asset that will increase in cash flow yearly based on CPI. For someone looking for a stable asset within a short flight of the San Francisco Bay Area, this is ideal. Perfect vehicle for a 1031 tax-deferred exchange. Call for details on this or other NNN investment properties throughout the Golden State.

Office Investments for Sale in California

The MPIRES group is tracking a handful of excellent investment properties for sale:

1. West Los Angeles: 94,500 square foot building, 96% occupied by professional office tenants and medical tenants. 1990's construction, class A glass building with an excellent address and street exposure. 6% cap rate at $27,000,000.  This is a solid investment property with future rent growth in a strong market.

2. North San Francisco Bay Area: 100,000 square foot single tenant medical building. 6.75% cap rate. Highly rated credit tenant in place. Long term lease. Modern building in growth location. $21,000,000.

3. West Los Angeles: single tenant NNN investment property with highly rated credit medical tenant. 6.5% cap rate, $14,000,000 price.

All three opportunities represent solid 1031 exchange replacement properties. With apartment building cap rates selling in the 4-5% range, these properties provide an exchanger with higher cash flow, lower management and modern buildings. 

Put Your Property in a Trust!

In many cases, a trust is the better way to hold real estate for tax benefits and probate avoidance. We just had an elderly client move her property into a trust so that the aforementioned benefits can be achieved.  With the right tax planning - and rest assured that I am NOT an expert in this at all - your heirs can receive far more than what would be left them if no planning is involved.  Also, aside from tax liability, is the issue of when control over a property will occur.  If a property - such as your rental fourplex - needs to go through the probate process, who will manage it and the tenants? Can a mismanaged building deteriorate in value over a few months?  Yes, of course this is true. Trust planning, insurance, checking your loan costs, preventative property maintenance - these may not be fun parts of owning an investment property - but they yield great benefits when done correctly. Your internal rate of return relies heavily on these important aspects of ownership. Call me for great professional recommendations to experts in any of these areas.