Maui, Hawaii – Our research on the 1031 Exchange shows examples of 1031 Exchange replacement properties. If Commercial Property investors qualify for an 1031 Exchange, they can postpone the capital gains tax on that commercial property sale. In an ordinary commercial real estate transaction, the property owner is taxed on any gain realized by that sale. However in a 1031 Exchange, some or all of the tax on that transaction is deferred until the newly acquired property is sold. The commercial property investor can use that newly acquired property in another 1031 Exchange and continue to defer the capital gains tax.
A Retail Shopping Center can be a suitable 1031 Exchange replacement property. A commercial property investor may be able to upgrade from a single tenant net lease property into a multi-tenant retail shopping center for a 1031 Exchange by simply assuming the commercial loan.
We wanted to report Commercial Mortgage Lenders refinancing a retail shopping and entertainment center for $80,000,000. The Whalers Village shopping and entertainment center in Maui, Hawaii, has been refinanced. This Retail Shopping Center is approximately 110,799-square-feet and is an open-air retail shopping center and entertainment center. This 1031 Exchange Candidate is located along the pristine Kaanapali Beach, in West Maui. This Commercial Property, the Whalers Village is almost completely net leased with an excellent list of Tenants. Commercial Mortgage Lenders were able to get the Retail Shopping Center a 10 year fixed-rate loan.
This 1031 Exchange Candidate is often recognized as Maui’s premier oceanfront shopping center. The Whalers Village has Fine Shops & Restaurants and was developed as part of the master-planned, award-winning Kä‘anapali Beach Resort. This retail shopping center is situated on the beautiful three-mile long strip of Kä‘anapali Beach. The Commercial Property is situated on 8.5 Hawaiian tropical acres
This is a List of just some of the net lease Tenants:
Blue Ginger Kids
Honolua Surf Accessories
Honolua Surf Co.
White House|Black Market
Baron & Leeds
Dolphin Galleries Jewelry
Maui Divers of Hawaii
Whalers Fine Jewelry
West Maui Healthcare
Marriott’s Maui Ocean Club
Monte Fitts Realtors
Whalers Realty Inc.
Whether the commercial property investor sells a property as part of the 1031 Exchange, the number of replacement properties that may be identified is up to three properties, without regard to their fair market value. This is referred to as the “3 property rule”. The commercial property investor is required to identify the 1031 Exchange replacement property within 45 days after transfer of the relinquished commercial property. You deserve the power of wealth building with the 1031 Exchange tax deferral strategy.
Do you need 1031 Exchange Properties?
O’Reilly Commercial Realty LLC
Phone: (352) 237-2222