Savvy international investors realize that net lease investments are a great entry point to the US commercial real estate market. US investors are likewise selling income producing properties in high tax states and reinvesting in Florida.
West Palm Beach, FL (PRWEB) April 25, 2013
Commercial real estate professionals across the US are reporting a surge in demand for investment properties in low personal income tax states. Florida’s Income Realty Advisors Inc. offers brokerage services to out of state and international investors and can assist in locating high quality opportunities as they become more difficult to find.
“Investor demand from US and international investors is causing a shortage of NNN investment properties. Investors in 1031 exchanges are taking advantage of real estate opportunities here in Florida to reduce state tax liability and increase investment income,” said Patrick Moorton, president of Income Realty Advisors, Inc.
Moorton pointed to the lure of the long-term, predictable nature of NNN 1031 exchange investments as driving high demand—especially from international investors. The result: higher prices for top quality, prime location income properties.
Commercial real estate professionals across the country agree. At the recent Real Share conference, the lack of quality NNN retail product was a constant complaint. Another strong theme was the recent influx of interest from investors in countries including Canada, Mexico, Russia, Chile, China and more.
Florida, one of seven states with no personal income tax, is ideal for out of state and international investors seeking steady, passive cash flow with the tenant paying most or all expenses. Florida NNN properties feature long-term leases with little or no management responsibility. The tenants, Walgreens, CVS and 7-Eleven for example, are public companies with excellent credit ratings.
“Savvy international investors realize that net lease investments are a great entry point to the US commercial real estate market. US investors are likewise selling income producing properties in high tax states and reinvesting in Florida,” Moorton said. “IRS Section 1031 exchanges allow investors to defer federal income tax and capitalize on Florida’s personal state income tax rate: zero. International investors and high net worth investors in high income tax states could save enough in state taxes to afford for a very comfortable Florida lifestyle.”
About Income Realty Advisors:
Florida Based Commercial real estate brokerage company Income Realty Advisors Inc. sells income-producing real estate in Florida and offers brokerage services for 1031 exchange buyers seeking Florida commercial real estate. The firm specializes in retail site selection and the sale of single tenant net lease properties with national credit tenants. Clients include developers of Publix, Whole Foods, Walgreens, CVS, 7-Eleven, TD Bank, Chase Bank, High Net Worth Individuals, Insurance Companies, Retailers and Real Estate Investment Trusts.
Featuring commercial income property for sale in Florida, our long-standing relationships with real estate developers, investors, brokers, and real estate investment trusts give us inside access to a constant pipeline of high quality projects. Contact us today to discuss your real estate needs.