Syracuse, New York, Class-A Industrial Office Property Acquired via NAS Investment Solutions
SYRACUSE, N.Y., June four, 2019 /PRNewswire/ — NAS Investment Solutions (NASIS), a countrywide sponsor of tremendous real property investment houses, has acquired a Class-A, fifty-five,000 rectangular-foot, industrial workplace, production and warehouse assets in North Syracuse, New York. Assuming that the newly received property’s responsibilities for asset management and property control are National Asset Services (NAS), one of the Nation’s leading commercial real property corporations.
Built-in 2008 and recently accelerated in 2015; the assets include forty,000 square feet of office space and 15,000 rectangular toes of mild manufacturing and warehousing. The property is one hundred% leased to a NASDAQ publicly-listed employer and occupied through the corporate headquarters of a technology company that serves as a major provider to the healthcare marketplace.
Located at 7279 William Barry Boulevard, the property is situated inside a 425-acre workplace and industrial park adjacent to the Syracuse Hancock International Airport.
Structured as a Delaware Statutory Trust (DST), the property must be had to authorized traders seeking 1031 trade property or as a feasible investment opportunity that plays independently from stock market fluctuations. The assets additionally qualify for accredited, self-directed IRA investors.
“We’re excited to be part of the Syracuse real estate market. This asset represents an actual possibility for customers to invest in an Upstate New York industrial asset, a true Class-A facility, with a publicly-traded credit score tenant. The location has skilled a robust boom in business actual property improvement, and the Syracuse business marketplace is acting consistently nicely, mirroring the developing demand for business productivity throughout the USA,” commented Karen E. Kennedy, President, and Founder of NAS and NASIS. “As a skilled management enterprise, NAS has a proven song file of maximizing returns for traders at the same time as supplying advanced service to assets tenants.”
About National Asset Services (NAS)
Since 2008, NAS has served 2,495 investment clients and has hooked up an excellent track report for funding belongings management. The tune document includes generating over $535 million in coins distributions to assets investors and managing an industrial real estate portfolio of 164 diverse industrial residences, created from 24.2 million square toes, in 29 states. The typical value of NAS’s managed portfolio within the business enterprise’s 11-12 months history totals $three.28 billion.
NAS manages a wide variety of numerous commercial actual estate: Office, medical workplace, multifamily, retail, pupil housing, assisted residing, and industrial flex homes. The company manages solely owned and multi-proprietor properties. NAS offers a wide variety of asset management skills. They include Property management; challenge control; lease management; acquisition and disposition services; real estate strategy evaluation; lengthy-variety commercial enterprise goals; tracking changing market situations; investor family members; real property and investor accounting; mortgage amendment and exercise answers; go out and preserve techniques; leasing & advertising; tenant retention plans; studies; website online selections; feasibility studies; insurance threat control; capital improvement making plans and tracking; assets tax attraction offerings and price segregation offerings.
Headquartered in Los Angeles, California, NAS operates nearby Orlando, FL, and Austin, Texas.
About NAS Investment Solutions (NASIS)
NAS Investment Solutions became set up to leverage National Asset Services’ big reveal in investment belongings management via figuring out, acquiring, and improving commercial real estate investments throughout all sectors of the actual property enterprise.