1031 Exchange into Net Leased Assets
The LL CRE Group helped our client complete a successful 1031 Exchange by selling a high-maintenance 320-unit multifamily property in Henderson, Nevada and acquiring two net-leased assets: a medical office building in San Jose and a retail shopping center in Pinole, California.
Through this strategic exchange, the client increased their annual net income from approximately $1.66 million to over $2.0 million — an increase of more than 20% — while significantly reducing management and operational responsibilities.
Pinole Ridge Shopping Center Financial Overview
NOI
$1,228,713
Sale Price
$19,115,619
Property Details for Pinole Ridge Shopping Center
East Bay Core Location with Strong Demographics
Represented 1031 Exchange Buyer
In-place CAP Rate of 6.42%
Strong Retail Corridor & Tenant Mix
Strip Shopping Center with Strong National Tenants and Highway Visibility