CASE STUDY #5
1031 EXCHANGE →
Sold Property1065 E. Ocean Blvd | Long Beach, CA 90802
Purchased Property7100 Fulton Ave, North Hollywood, CA 91605
SOLD PRICE:
UNITS:
CAP RATE:
NOI:
BUILDING SF:
$3,595,000
15+1
4.07%
$146,269
7,650
TOTAL PURCHASED PRICE:
PROPERTY TYPE:
CAP RATE:
NOI:
BUILDING SF:
$7,300,000
41-Units
4.60%
$335,463
31,790
Client GoALS
Sell at the highest value
Higher income
Annual rental increases to offset the inflation
Good Location
Lease management intensive
The client did not want to leverage
Exchange to income tax free state
tEAM aCCOMPLISMENTS
15 Year absolute Triple Net
Corporate Guarantee
1.5% annual rental increase
1.5% increased net income
6x 5-year options to extend
Excellent Location
No management required