1031 Exchange into Net Lease
Kim owned Liberty Street and wanted to exit the San Francisco rental market by doing a 1031 exchange into a net lease investment. He had a long-term tenant in the bottom unit, and the top unit sat vacant. The return on equity from Liberty Street was less than 3%. By exchanging into the Wendy’s, Kim significantly increased his overall cash flow and eliminated any management responsibilities he used to have.
Property Sold
Property Acquired
186-188 Liberty St
2 units | San Francisco, CA
Sale Price: $2,503,000
COE Date: March 2018
Wendy's
Eastpointe, MI
Sale Price: $2,542,373
COE Date: June 2018
Net Income (before)
$37,560
Net Income (after)
$150,000
“I am an investor that has now completed my second transaction with NLX. They fully understands their line of work. They are knowledgeable, experienced, and push hard to obtain the best investment deal possible with the dollars you have to invest. NLX stays focused, stays in contact with their clients, explains items easily and is always ready to take the time to discuss any concerns you have along the way. I can honestly say that I would highly recommend them for your investment needs.” – Kim