Why do a 1031 Exchange into a NNN Commercial Property?
There are many benefits of a NNN Class A Investment Property. Notably, it is a steady, long-term income stream. These are typically designed and built for corporate tenants and is normally operated and managed by the tenant.
We worry about it so you don’t have to.
Our process addresses every aspect of your buying and selling experience. In order to seamlessly help you transition to a new property investment, we have created a process that guides and assists you every step of the way.
Plan out and discuss goals and wishes, gather necessary documents, and analyze the data to formulate a price.
Formulate a Plan and Timeline
We will review the timeline for the sale of a commercial property so you know what to expect during the process and the timing. After that we will discuss the details of the new property in the 1031 exchange and talk to a commercial lender, if you are taking on new debt with the 1031.
Begin Marketing Efforts and Begin the Property Search for the 1031 Exchange
We will begin marketing efforts to promote the property that you are selling. After that, we begin looking for properties that you will want to 1031 exchange into. Once an offer is made on your existing property, we will select a 1031 Exchange Company.
Begin the Exchange
We will write a Letter of Intent on the replacement property once we know your property is going to close. Upon acceptance of the Letter of Intent, a Purchase and Sale Agreement will be drafted and reviewed.
Finalize the Details
Once the offer is accepted and the earnest money has been deposited, we will begin the due diligence process on the new property. Once inspections are back and approved, we will start working toward closing, including ordering the insurance binder and finalizing the closing date.