Trophy Asset Sold, Six Properties Acquired via 1031 Exchange | Achieved 40% Boost in Cash Flow

Client Profile:

Private Southern California-based family.

Strategy:

Dispose of a generational asset as a covered land play to someone who could unlock future value in the asset.

Outcome:

  • Client sold an underperforming asset, diversifying into six single-tenant properties with 20-year lease terms, increasing their cash flow by 40%.

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MATCHMAKING A DEVELOPER & FUZZY’S

Outcome:

  • TESTIMONIAL: Century Partners has been instrumental to my company’s growth. They introduced several developers who could assist in structuring a strategic new store rollout plan. They have helped me grow at a faster velocity than going at it alone and have allowed me to stay out of the time-intensive real estate component and focus on running a stellar operations company.

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.