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AFA Real Estate Partners Sold Its BJ's Wholesale Club Location In Maple Shade, NJ

May 13, 2021

Yardley, PA – May 13, 2021, AFA Real Estate Partners (AFA), on April 30, 2021, sold the BJ's located at 131 East Kings Highway in Maple Shade, NJ. This building housed a top-performing BJ’s store that included a liquor license and a retail tire shop. AFA purchased the building in August of 2016 for $15,600,000 and sold it to Realty Income, a publicly-traded real estate investment trust (NYSE: O), for $21,639,125. AFA Investors received cumulative annual cash flows of 8% and, utilizing the 1031 rolled over $2.09 for each $1.00 invested.

 

The sale of the Maple Shade location enabled a 1031 exchange opportunity for AFA's investors. AFA utilizes cost-segregation studies to optimize tax efficiency for our investors.

 

"In a world of little to no yield, we are striving to find excellent quality diversification opportunities for our investors. Robert Connell, Managing Member of AFA, says "We view real estate as a cornerstone part of our clients' portfolios because they have the ability to provide excellent cash flows and tax benefits in today's times. The unprecedented low-interest-rate environment allows us to finance our properties at rates which enhance our investor's returns." 

 

This transaction was the first in a series of large commercial real estate transactions planned this year by the Yardley-based firm. AFA's commercial real estate portfolio consists of six properties located throughout Pennsylvania, New Jersey, and Las Vegas. AFA's total commercial real estate portfolio surpasses one million square feet. 

 

Important Disclosure Information


Please Note: This is not a solicitation to invest in any future investment product. Private investment funds generally involve various risk factors, including, but not limited to, the potential for complete loss of principal, liquidity constraints, and lack of transparency. Investment in private funds is generally limited to qualifying investors. Unlike liquid investments, private investment funds do not provide daily liquidity or pricing. Please remember that past performance, success, or experience may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy or product (including those recommended or undertaken by Apex Financial Advisors, Inc.), will be profitable, be suitable for an individual's portfolio, or prove successful. Losses can and do occur. A copy of Apex's current written disclosure Brochure discussing its advisory services and fees remains available upon request or at www.apexfinancialadvisors.com.

AFA Real Estate Partners Expands Regional Footprint in Lehigh Valley with 2-Building Class A Office Purchase

February 2, 2024
Yardley, PA – November 21, 2023 – AFA Real Estate Partners (AFA) purchased two Class A Office buildings in Saucon Valley’s Stabler Pathways corporate park on November 7, 2023. Located at 3701 and 3773 Corporate Parkway in Center Valley, PA the two-building portfolio comprises 146,000 rentable square feet of Class A Office space. The purchase price was $21,000,000. The combined portfolio is 76% leased with the primary tenants being Aesculap, Inc., a surgical devices company, and Fisher Clinical, a pharmaceutical and drug development company. AFA adds to its Lehigh Valley portfolio with the acquisition accompanying the 2020 purchase of 3477 Corporate Parkway in Center Valley. “Given the macroeconomic backdrop, we felt as though any opportunity to add to our portfolio had to present such potential that we could not say no. Our familiarity with and bullishness on the Lehigh Valley geographic subregion was a critical reason for this purchase,” said Robert Connell, Managing Member of AFA. “This project offered the right mix of in-place stability and asymmetric upside. We are never afraid to roll up our sleeves and do the hard work that needs doing, and we are confident that our efforts on this project will offer long-term rewards.” On the heels of its 2022 purchase of Arlington Center in Arlington, TX, and its 2023 second purchase in Blue Bell, PA, this acquisition now brings AFA's total commercial real estate portfolio to around 1.4 million square feet. The seller was PennCap Properties out of Bethlehem, PA. Financing for the purchase came from AFA investors and Community Bank out of Canton, NY.

AFA Real Estate Partners Expands West And Acquires Trophy Asset Office Building In Las Vegas, NV Utilizing A 1031 Exchange

May 13, 2021
Yardley, PA – May 13, 2021, AFA Real Estate Partners (AFA) purchased Montecito Towers in Las Vegas, Nevada, on May 7, 2021, for $48,600,000. The 177,341 square foot, six-story property in the northwest suburbs of Las Vegas is a trophy Class A office building boasting fine finishes, high ceilings, and a 7-to-1000 parking ratio. The property's anchor tenant is Asurion, one of the leading cell phone insurers in the United States. The recent sale of AFA's BJ's location enabled a 1031 exchange opportunity for AFA's investors, and the remaining financing secured was a $33,300,000 CMBS loan at an attractive 10-year fixed rate of 3.64%. AFA utilizes cost-segregation studies to optimize tax efficiency for our investors. "In a world of little to no yield, we are striving to find excellent quality diversification opportunities for our investors. Robert Connell, Managing Member of AFA, says "We view real estate as a cornerstone part of our clients' portfolios because they have the ability to provide excellent cash flows and tax benefits in today's times. The unprecedented low-interest-rate environment allows us to finance our properties at rates which enhance our investor's returns." This transaction was the second in a series of large commercial real estate transactions planned this year by the Yardley-based firm. AFA's commercial real estate portfolio consists of six properties located throughout Pennsylvania, New Jersey, and Las Vegas. AFA's total commercial real estate portfolio surpasses one million square feet. Important Disclosure Information Please Note: This is not a solicitation to invest in any future investment product. Private investment funds generally involve various risk factors, including, but not limited to, the potential for complete loss of principal, liquidity constraints, and lack of transparency. Investment in private funds is generally limited to qualifying investors. Unlike liquid investments, private investment funds do not provide daily liquidity or pricing. Please remember that past performance, success, or experience may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy or product (including those recommended or undertaken by Apex Financial Advisors, Inc.), will be profitable, be suitable for an individual's portfolio, or prove successful. Losses can and do occur. A copy of Apex's current written disclosure Brochure discussing its advisory services and fees remains available upon request or at www.apexfinancialadvisors.com .

AFA Real Estate Partners Acquires Class A Office Building in Saucon Valley, PA Anchored by Lutron Electronics

By Website Editor • September 30, 2020
Yardley, PA – September 30 th , 2020 – AFA Real Estate Partners, through its subsidiary AFASAU LLC, has acquired Saucon Valley Plaza (“Saucon”), in Center Valley, PA for $19.65 million. The property is an 83,056 square foot Class A commercial office building located in Lehigh Valley’s premier office park, the Stabler Corporate Center. Saucon is fully leased and anchored 70% by Lutron Electronics, a leading manufacturer in energy-saving light, shade, and temperature controls for homes and offices. Lutron’s US Headquarters is located just 5 miles from the project. Saucon Valley is in an ideal location, just minutes from the Route 309 interchange of Interstate 78, providing easy access to the Pennsylvania Turnpike, New Jersey, and New York. Financing for the purchase of Saucon was provided by Univest Bank, along with investments from AFA Real Estate Partners principals and investors. Investor capital was raised from accredited investors through private equity and notes from IRAs and pensions. AFASAU anticipates paying 8% distributions to equity investors while providing additional benefits as a result of depreciation and amortization. The purchase of Saucon Valley expands AFA’s commercial real estate portfolio to six properties located throughout Pennsylvania and New Jersey. This acquisition follows AFA’s April 2020 purchase of 518 Township Line Road, a 123,087 square foot building in Blue Bell, PA. Saucon is not only the second property purchased this year, but it also brings AFA’s total commercial real estate portfolio to almost 1,000,000 square feet. Robert Connell, Managing Member of AFA Real Estate Partners, comments on the acquisition of Saucon, “We are pleased to provide additional investment opportunities for our loyal investors. In today’s times, we view real estate as a cornerstone part of our clients’ portfolios providing excellent cash flows and tax benefits. The unprecedented low interest rate environment allows us to finance our properties at rates which enhances our investor’s returns.”
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