1031 Exchange - Lebanon, OH

[Drew Forte]

Investment Info:

Industrial commercial investment investment.

Purchase price: $3,600,000
Cash invested: $1,383,785

93,000 sqft facility. 13,000 sqft. office and 80,000 sqft. warehouse

What made you interested in investing in this type of deal?

This was a local deal that had stable tenants with long-term leases

How did you find this deal and how did you negotiate it?

This deal was brought to me by the broker I work with.

How did you finance this deal?

This was a 1031 exchange which allowed me to put almost 40% down and financed the remaining on a 10 year fixed rate.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Worked with SqFt Commercial.