Escondido, CA (PRWEB) June 07, 2012
NetREIT, Inc., a real estate investment company based in Maryland with headquarters in Escondido, California, has announced today the purchase of the Shoreline Medical Building located in Half Moon Bay, California.
The Shoreline Medical Building is compromised of 15,335 square feet of commercial property and is located in the Shoreline Station commercial development. This popular area is situated in the coastal community of Half Moon Bay, CA only 30 miles south of San Francisco. The building is currently occupied on a long-term lease by the County of San Mateo and used as a medical facility. San Mateo County recently completed improvements to the property in access of $1 million.
NetREIT CEO, Jack Heilbron, said, “We believe that this property acquisition will provide a strong future cash flow for our shareholders and we are always excited about adding to our extensive holdings.”
Although the economy is going through a challenging period, NetREIT shareholders continue to realize healthy quarterly dividends.
Having real estate in a portfolio may add an additional benefit such as mitigated risk through diversification.
About NetREIT, Inc.
Established in 1999 as a contrarian investment firm, NetREIT seeks out property acquisitions with hidden value. This can either involve financially distressed real estate or undervalued property in poor condition. Various factors determine a property’s worth but NetREIT attributes much of its success to being able to locate advantageous real estate opportunities.
For more information, please visit the website: http://www.netreit.com/