Maryland Office Building Acquired by 1031 Exchange Options Client Investors.
6401 Golden Triangle Drive was acquired for $13.27 million, net of reserves. An 86,355-square-foot, four-story Class A office building with subterranean parking garage, the property's tenants include long-term lessee Wells Fargo, Bardon, Inc. and Internosis. The property is currently 100% occupied.
"This is the second Baltimore/Washington (DC) property acquired by our client investors in as many months," said Christian Mirner, Executive Vice President - Real Estate for 1031 Exchange Options. "This property is ideally located in a suburb north of Washington DC, at the intersection of two main thoroughfares providing excellent visibility and access to the surrounding highway system. We are pleased with the increasing opportunities for our client investors in the Northeast and Mid-Atlantic regions."
NPV Direct Invest acquired 6401 Golden Triangle Drive from Goldstar Golden Triangle, LLC on behalf of the co-ownership group of TIC/CORE 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 and SIPC.
1031 Exchange Options' national headquarters is located in the San Francisco Bay Area. 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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|Date:||Mar 22, 2005|
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