SANTA ANA, CA -- Louis Rogers, President of Triple Net Properties, LLC, announced today the sale of Timberhills Shopping Center in Sonora, California on behalf of tenant in common investors.
Timberhills Shopping Center was sold for $11,800,000 to Read Investments which was represented by Bill Rose of Marcus & Millichap. Alan Krueger of Marcus & Millichap represented the tenant in common sellers. Timberhills Shopping Center was originally purchased in November of 2001 for $9,180,000.
Timberhills Shopping Center is a 102,407 square foot shopping center located at the intersection of Highway 108 and Greenley Road in Sonora, California. The property is currently 98% occupied, and is anchored by Ross Dress for Less and Save Mart which together occupy 74% of the leasable area. Timberhills also features well known tenants including Baskin Robbins, General Nutrition Center, and Sonora Hospital.
About Triple Net Properties
Triple Net Properties, LLC offers a diverse line of investment products as well as a full-range of services including asset and property management, brokerage, leasing, analysis and consultation. Our investors, tenants and industry partners have come to trust Triple Net's company-wide standard of outstanding service and integrity.
>From our home office in Southern California and numerous regional offices, Triple Net Properties manages a growing portfolio of over 25.1 million square feet of commercial properties and 1.6 million square feet of multi-family properties with a combined market value of over $3.3 billion as of September 30, 2005. In addition, Triple Net Properties Realty, Inc. is one of only 500 firms nationwide that have been awarded the Accredited Management Organization (AMO) designation from the Institute of Real Estate Management (IREM). Triple Net's size and flexibility also allow us to seize opportunities that our larger, institutional competitors miss. What's more, our creative, innovative approach to real estate finds value in all sizes and types of properties, allowing us to provide products and services to meet every investment need.
For more information about Triple Net Properties, please call 1.877.888.7348 or visit our website at www.1031NNN.com.
Source: Triple Net Properties, LLC
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CONTACT: Louis Rogers, President of Triple Net Properties, LLC,
+1-877-888-7348, or +1-714-667-8252, lrogers@1031NNN.com
Web site: http://www.1031nnn.com/
About This Release
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