1031 Exchange from Vacant Industrial to Cash-Flowing Single-Tenant Retail

Client Profile:

Seattle-based owner sold vacant industrial property and acquired cash-producing well located retail property.

Strategy:

Coordinate the sale of a vacant industrial property in Bellevue, Washington, and facilitate a 1031 exchange into a cash-flowing asset.

Outcome:

Following sale of the under-performing industrial property.
Identified newly constructed, 100% leased replacement property.
Markets procured long-term, fixed-rate financing.

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Sale-Leaseback

PORTFOLIO DIVERSIFICATION & EXCHANGE FOR WENDY’S OPERATOR

Outcome:

Disposed of a total of 17 Wendy’s properties.
Seven (7) properties transacted above $2.5M ($3.42M was highest on record for client).
The average cap rate across all transactions was 5.15%.
Seller used proceeds to exchange into primarily single-tenant net lease properties.

1031 Exchange from Multi-Family to Multi-Tenant Retail

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.

1031-Exchange

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