Vermont Retail Property Acquired by NAS Investment Solutions
National Asset Services Assumes Asset and Property Management
NAS Investment Solutions (NASIS), a national sponsor of high-quality real estate investment properties, has acquired a 26,340 square-foot, 2-story, Vermont retail property. Built in 2010, the freestanding building is leased to Walgreens, one of the oldest and largest pharmacy store chains in the nation and features a pharmacy drive thru window.
The Property serves a densely populated area, with over 55,000 residents in a 3-mile radius. The local area is saturated with office and retail space with a 100% occupancy rate within a 1-mile radius from the Property. There are over 1.5 million square feet of office and retail inventory also within this radius, making this an extremely desirable submarket location with minimal opportunity for new developments.
Assuming responsibilities for asset management and property management for the newly acquired property is National Asset Services (NAS), one of the Nation’s leading commercial real estate companies.
NAS Investment Solutions recently announced an expedited completion of an industrial office investment property opportunity in Syracuse, New York. This offering sold all remaining equity in just six weeks from the date of acquisition.
