2744 Loker Avenue, Carlsbad
Building Type:
16,759 SF Multi-Tenant Flex Building
represented:
Buyer
industry:
Construction Services
Client Objective:
Acquire replacement “upleg” property for 1031 Exchange, with specific focus on value-add property and built in equity
results:
- Identified “off-market” building and negotiated final sale price which was 7% lower than comparable market sales and closed within Buyer’s required 1031 timeline
- Secured early occupancy for Buyer’s business prior to escrow closing.
- Deferral of significant tax exposure resulting from successful 1031 Exchange
- Building has appreciated 21.7% during first 24 months of ownership
Building Type
16,759 SF Multi-Tenant Flex Building
Represented
Buyer
Industry
Construction Services
Client Objective
Acquire replacement “upleg” property for 1031 Exchange, with specific focus on value-add property and built in equity
Results
– Identified “off-market” building and negotiated final sale price which was 7% lower than comparable market sales and closed within Buyer’s required 1031 timeline
– Secured early occupancy for Buyer’s business prior to escrow closing.
– Deferral of significant tax exposure resulting from successful 1031 Exchange
– Building has appreciated 21.7% during first 24 months of ownership
Client Testimonial:
“Prior to meeting Brent Mork with MCG Commercial in 2015, I never knew the possiblities and potential that existed with owning real estate for my business. Since our first transaction, it has been an exciting ride and one that is far from over”
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