CASE STUDY #6

1031 EXCHANGE →

 

Sold Property

1452 Berkeley St. & 1343 19th St. | Santa Monica, CA 90404

Purchased Property

5555 Whittlesey Blvd. | Columbus, GA 31909

5555 Whittlesey Blvd - Red Lobster.jpg

SOLD PRICE:
UNITS:
CAP RATE:
NOI:
BUILDING SF:

$5,019,000 
12
3.78% 
$201,462 
15,794  

PURCHASED PRICE:
PROPERTY TYPE:
CAP RATE:
NOI:
BUILDING SF:

UNDERCONTRACT
RED LOBSTER
6.15% 
$316,936
7,480

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 aCCOMPLIShMENTS

  • 25 Year absolute Triple Net 

  • Corporate Guarantee 

  • 2% annual rental increase 

  • 4x 5-year options to extend 

  • Excellent Location 

  • No management required 

“Reza and his hard-working team made the daunting task of buying and selling our real estate properties a breeze. We would highly recommend Reza and his phenomenal team to anyone needing assistance with their real estate needs. They are always just a phone call away and they make you feel as if you are their only client. We have done many transactions with Reza over the years and always felt he got us the best deals. We have all the confidence in the world that we made the right move engaging Reza and his team. We give him and his team a 5-Star rating.

Debbie Belkin, Books In Balance”