A California-based investor sought out CCIM-designated broker, Lowrey Burnett, after selling their family business and the related real estate for $14 million. Because they wanted to defer 100 percent of the capital gains taxes, they were interested in pursuing a 1031 Exchange transaction. The client enlisted Burnett's guidance and expertise to adhere to the IRS restrictions that make such a tax-deferral transaction possible.
Though based in California, the client was interested in pursuing commercial properties nationwide. With a $14 million acquisition budget, Burnett presented the client with a variety of investment options, including investing in a single property or diversifying into several different properties, as well as numerous types of commercial real estate, such as single-tenant industrial, multi-tenant retail, single-tenant flex, multi-tenant office, or single tenant medical office building (MOB). The client consulted with their financial advisor and tax attorney to ensure they made a decision that supported not only their current cash flow needs but also their long-term goals.
At Fountainhead Commercial, we take pride in our expertise and we are always excited to share what we know with clients looking for investment property insight. When a Costa Rica-based client expressed interest in investing in the United States, they engaged Lowrey Burnett, an expert buyer's representative, to share his experience and expertise in the commercial real estate investment marketplace.
The foreign client had a unique investment portfolio already, but sought to enter the American commercial real estate market. After performing a nationwide search for suitable investment options that satisfied the client's specific investment criteria for their first U.S. property, Burnett identified a fully-leased, multi-tenant office asset with national-credit tenant, GoreTex, occupying 75 percent of the property.
Like all complicated matters, you need countless hours of experience to be a phenom or expert. Commercial real estate lease transactions are no different. I occasionally speak with a tenant or occupier that feels prepared to handle their own commercial real estate transaction. In many cases, this decision maker doesn’t know what they don’t know as they consider forging into the uncharted territory of commercial real estate. Because commercial lease rental payments accounts for 1 of the top 3 expenses most companies face, an uninformed decision can be costly. To prevent wasted time and energy trying to handle a commercial real estate lease transaction without the guidance or support of an expert, you may want to consider what’s at stake prior to moving forward without a tenant broker. When you’re talking about one of your top expenses for your business, it just makes sense to have a experienced tenant broker on your side of the table. Let’s talk about the benefits you can leverage when you have an expert as your advocate.
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Denver, CO
