1031 Exchange Options Client Investors Acquire Multi-Tenant Office Park in Southern California.WALNUT CREEK Walnut Creek, residential city (1990 pop. 60,569), Contra Costa co., W Calif., in the San Francisco Bay area; inc. 1914. It is the trade and shipping center of an extensive agricultural area where walnuts are among the major product. , Calif. -- Cary Losson, Founder and President of 1031 Exchange Options, today announced on behalf of its clients, the successful acquisition of Chatsworth Business Park in California. 1031 Exchange Options, a national real estate investment consultancy, represented individual Tenancy-in-Common (TIC) investors in the property, many who successfully completed 1031 exchanges with the acquisition of their undivided fractional interest in the property. Chatsworth Business Park is a 231,770-square-foot, two-story office property located at 21605-21615 and 21415 Plummer St. in Chatsworth, Calif. The property was acquired for $46.7 million, net of reserves. Constructed in 1986, the property is currently 100% leased to two tenants, the County of Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. -- Department of Social Services social services Noun, pl welfare services provided by local authorities or a state agency for people with particular social needs social services npl → servicios mpl sociales and Sanyo North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Corporation. "Population density and high barriers to entry in North Los Angeles County limit choices for tenants," said Christian Mirner, Executive Vice President -- Real Estate for 1031 Exchange Options. "The property is fully leased to two credit tenants with a need to be in this location. Additionally, Southern California continues to show strong macro-economic factors, including job formation and population growth. This is a solid acquisition by our client investors." Triple Net Properties, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control acquired Chatsworth Business Park from CTF-17 Chatsworth LLC on behalf of the co-ownership group of TIC investors. About 1031 Exchange Options 1031 Exchange Options is a national real estate investment consultancy representing clients in investments structured for co-ownership. We advise clients on 1031 exchanges, Tenancy-in-Common (TIC) ownership, triple net leased properties, funds, LLCs, REITs, and other alternative real estate investments. 1031 Exchange Options offers securities through Sigma Financial Corporation, Member NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). and SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. . 1031 Exchange Options' national headquarters is located in the San Francisco Bay Area “Bay Area” redirects here. For other uses, see Bay Area (disambiguation). The San Francisco Bay Area, colloquially known as the Bay Area or The Bay . The company services clients nationwide. Additional information is available at www.1031ExchangeOptions.com. While these statements are meant to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. While management believes such representation to be true and accurate based on the information available to the company, actual results may differ materially from those described. |
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