Many commercial property investors believe that the sole purpose of the 1031 Exchange is to avoid paying taxes on their capital gains. However the 1031 exchange is a versatile tool for commercial real estate investors.
We see many people with a Multi-Family Investment and after a few years they want to increase their position in the Florida market. So they can notify us to search for a larger and more expensive Apartment Building Investment. The strategy when acted out following the 1031 Rules will allow the investor to trade into a larger property. The Owner is also the seller of their Apartment Building. Let’s say they bought it for $5,000,000 and sell it for $8,500,000. The capital gains taxes would be on the $3,500,000 profit. However the 1031 Exchange allows the Investor to defer paying the capital gains on that profit.
One 1031 rule of thumb to remember is you must file a list of possible replacement commercial properties with an intermediary within 45 days of closing on your initial property.
Contact us for a 1031 Exchange property in Florida.
O’Reilly Commercial Realty LLC
Phone: (352) 237-2222
This Medical Office Property is currently Off-Market but serves as an example of Florida Commercial Real Estate Like Kind Properties.
Gatlin Medical Office Investment Properties
|Price||$1,475,000 estimate value||No. Stories||1|
|Building Size||6,184 SF||Building Class||A|
|Price per SF||$238.52 estimate||Tenancy||Single|
|Property Type||Office||Year Built||2004|
|Lot Size||1.40 SF|
|Property Use Type||Net Lease Investment with 5 years left on lease||APN / Parcel ID||342065000250007|
|Cap Rate||7.5% estimate|
Description of Commercial Properties
Two recently constructed medical buildings lease to established medical groups. Lease includes escalators. 6,000 square feet purpose built medical offices with location, parking and visibility. One building designed as Urgent care facility occupied by ENT. Other tenant is established eye care center. All designs and TI fully compliant with current medical industry standards.
Highly visible and accessible location just off I-95 and 1 mile from the new Martin Health Systems Hospital and Tradition.
Highlights of Port Saint Lucie Properties
- Near new medical center
- 100% leased with escalators
- High traffic and visibility
- Newer construction
- 32 parking spaces
|Contact us to find a like kind property in Florida.|
Major Tenant Information
|Eye Care Center||2,837|
1721 & 1731 SW Gatlin Blvd, Port Saint Lucie, FL 34953 (Saint Lucie County)
This information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals.The information above is provided for consumer personal, solely to identify potential properties for potential purchase.