Printer Friendly
The Free Library
22,728,043 articles and books

Maryland Office Building Acquired by 1031 Exchange Options Client Investors.



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 6401 Golden Triangle Golden Triangle can refer to:
  • Geographical areas:
  • Golden Triangle (Southeast Asia), golden for its opium production
 Drive, in Greenbelt, Maryland Greenbelt is a city in Prince George's County, Maryland, United States. Contained within today's City of Greenbelt is the historic, planned community now known locally as "Old Greenbelt." Greenbelt's population was 21,456 at the 2000 census. . 1031 Exchange Options, a national real estate investment consultancy, represented individual investors in the Tenancy-in-Common (TIC) / Co-ownership of Real Estate (CORE) property, many who successfully completed 1031 exchanges with the acquisition of their undivided fractional interest in the property.

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 NPV

See: Net present value
 Direct Invest acquired 6401 Golden Triangle Drive from Goldstar Golden Triangle, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 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 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.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Mar 22, 2005
Words:346
Previous Article:Targus Universal USB Docking Station With Built-in Audio and Video.
Next Article:Boston Institute of Finance Announces Content Licensing Agreement with Audible to Make Financial Test Prep Courses Available for Audio Download.



Related Articles
Business property sales under secs. 1031 and 121.
Beyond section 1031.
Reverse exchanges come of age.
Finding solutions to taxing problems. (Profile of the Week: Steven J. Waldman, Vice President First American Title Insurance Company).
Like-kind exchanges - common problems and solutions.
The best of both worlds: a combination of cost segregation and like-kind exchanges can save on real estate taxes.
Eastern's new 1031 group.
Zakin quarterbacks Newmark Knight Frank team play.
Team work pays off in $50m midtown deal.
Surge in 1031 exchanges a response today's market.

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters