Commercial Real Estate Client Transitions from Multi-Family Into Triple Net
The Situation:
The client was looking to move from multifamily to a ‘safe’ investment in commercial property with a good upside.
The Pacwest Solution:
Pacwest Commercial Real Estate found the client a 3,500-square foot single tenant, fully leased AT&T store with a corporate guarantee and featuring a 7.60% Cap Rate. The property is well located in a city that has experienced 63% growth since 2000 and is surrounded by major retailers including Target, Lowe’s, Sam’s Club, and Walmart.
We successfully concluded the deal with a $2,450,000 acquisition on a 1031 exchange.
Our focus is working with clients to secure deals that meet their both their financial and real estate investment goals.
With an uncertain investment climate, you need professionals in your corner. Call or visit eugene-commercial.com to get started!
For more information about our programs, please contact:
René Nelson, CCIM, Direct 541-912-6583 | Office 888 420 1031 | [email protected]
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