Tenancy In Common Investments or TIC Investments are one of the primary forms of ownership for real estate. A Tenancy In Common works by having a number of individual investors, to come together to jointly buy a real estate. Hundreds of Tenancy In Common or tic transactions take place every year, totaling in the billions of dollars. There are many types of investors that maybe suitable for a tic type of investment. Anyone can invest in a Tenant In Common property, from a corporation to an individual investor, a married couple, or group of investors, or anyone looking for a retirement type of investment that has little to no management responsibilities, each co-owning their own share of the property.
Tenancy In Common is a form of real estate asset ownership in the United States of America in which two or more persons have an undivided, fractional interest in the asset, where ownership shares are not required to be equal, and where ownership interests can be inherited. Each co-owner receives an individual deed at closing for his or her undivided percentage interest in the entire property. In brief, a TIC owner has the same rights and benefits as a single owner of property.
Although the TIC ownership form has been used for many years, its popularity has been increasing dramatically due to a recent IRS ruling. Exchangers often have difficulty in locating and closing suitable replacement property within the 45 day identification period and the 180 day closing period. 1031 TIC exchanges can significantly reduce these risks.
Below are properties that we currently have for sale, many others are listed
on the market as well, each can also be co-owned, by two or more investors, each
having an undivided, fractional interest in the property.
Land for Development
Great Development Opportunity: I-95 Land, 5.6 Acers,
Zoned I-6 Heavy Industrial, Fairfax County. I-95 212,000 traffic count / average
of vehicles driving by this property per day, I-95 visibility, and I-95 signage.
Maximum floor area ratio: 0.50, provided however, an increase to 1.00 may be
permitted by the Fairfax County Board. Maximum building height: 75 feet, subject
to increase as may be permitted by the Fairfax County Board.
Industrial Investment Property
100% Leased, 5.82% CAP Rate, Industrial
Park located in Springfield, VA. Building Size: 23,082 SF (Lot Size: 47,064 SF),
Price: $4,250,000 ($184.45 PSF), NOI: $247,172.24
Retail Investment Properties
Most Retail Investment Properties are Net
Leased Properties that are fully leased buildings where the tenant(s) guarantees
the rent; a Net Lease is a lease in which there is a provision in the Lease for
the tenant to pay, in addition to rent, certain costs associated with the
operation of the property. These costs may include property taxes, insurance,
repairs, utilities, and maintenance. There are also "NN" (double net) and "NNN"
(triple net) leases. The difference between the three is usually the degree to
which the tenant is responsible for operating costs. With most NNN Lease
Properties, there are usually no Landlord responsibilities. Please feel free to
review some our Principal Only Listings.
