1031 Exchange from Multi-Family to Multi-Tenant Retail

Client Profile:

California-based investor who had sold a Los Angeles apartment building and sought less management intensive ownership.

Strategy:

Assemble a high-quality, low-risk, geographically diverse portfolio of triple net properties with laddered lease expiration dates.

Outcome:

Century Partners sourced three (3) trophy-quality properties including (a) ATI + Blaze Pizza in Fishers, IN, (b) Cafe Rio & T-Mobile in Castle Rock, CO, and (c) Potbelly, ATI, & Noodles Co in St. Charle’s, IL. The properties were all sourced on an off-market basis through Century Partners’ national relationships.

More Case Studies

Sale-Leaseback

LONGTIME FREDDY’S OPERATOR TESTS THE MARKET

Outcome:

Century Partners marketed both of the assets and they were quickly sold to private 1031 exchange investors. Four properties were sold at record-low cap rates, with an average cap rate of 4.59%, and a total consideration of $13.7 million.

Sale-Leaseback of 7-Property Portfolio

Outcome:

Client received multiple offers and selected the group offering the best terms. This sale allowed the tenant to free up capital they then used to build more stores.

Sale-Leaseback

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