Before the 1031 Exchange

Client owned an investment property in 940 S. Amphlett Blvd, San Mateo, CA which was producing zero return on investment. No renovation since 1950, and no parking where challenges.

However, it was a 14,500 SF industrial property adjacent to the highway generating 125 million annual vehicular impressions.

Hanhan Commercial Group located a buyer and sold the property at $6,125,000.

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After The Exchange

With the proceeds of the sale, we helped the client utilize a 1031 Exchange to defer tax and secure a low-maintenance, income-producing investment property. Hanhan Commercial Group identified a Single Tenant Net Lease opportunity with a Walgreens in Oro Valley, AZ that included a highly desired drive-thru pharmacy.

The investment was purchased for $5,846,000 and included an 18-year lease (Walgreens Corporate Guaranteed), with 10% rent increase every 5 years, and absolute zero landlord responsibility. The net monthly income upon purchase yielded $24,354.

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At A Glance

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