We have some information if you are interested in a 1031 Exchange. We read that the IRC Section 1031 (a)(1) states: “No gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment, if such property is exchanged solely for property of like-kind which is to be held either for productive use in a trade or business or for investment.
After speaking to your CPA, Investors can see the tremendous benefits of the 1031 Exchange. It can allow you to use 100% of your current property equity to purchase substantially more replacement properties. Each Commercial Property Investor should look at the 1031 Exchange to reinvest the proceeds from a sale of investment property into another similar type of investment property.
We can assist you with your search for 1031 Exchange Commercial Properties.
O’Reilly Commercial Realty LLC
Phone: (352) 237-2222
This information below is on a Florida Commercial Property that is Off-Market. However it serves as an example of what you can use for a 1031 exchange.
Casitas Coral Ridge
Vacation Rental Property – Fort Lauderdale Hotel – Motel
No. Rooms: 20
Building Size: 9,395 SF
Price per Room: $137,500 estimated
Property Type: Hotel and Motel
Property Sub-type: Economy – Limited Service
Property Use Type: Florida Business For Sale
No. Stories: 1
Year Built: 1974
Lot Size: 0.46 AC
Description of Fort Lauderdale Investment Property
Gorgeous and beautifully updated Inn – Vacation Rental. This Florida Commercial Property consists of 3 buildings, one with a private pool area, for a total of 20 units with 22 parking spaces. The Income is higher than similar income producing properties due to a solid repeat customer guest list.
This Fort Lauderdale Commercial Property is ideally located just a stones throw to Coral Ridge Mall, shops, fine restaurants and new state of the art movie theater. Nestled in upscale and sought-after Coral Ridge neighborhood and located less than two miles to the beach.
Feel free to contact us for 1031 Exchange Replacement Properties in Fort Lauderdale, Broward County or any other City in Florida. If you are selling a Retail, Industrial, Hotel, Office Building or other Property types, we can assist you.