All Forum Posts by: Kamal Sukhija

Thanks @Teresa Boykin - I will check with a tax professional

Thanks @Ashish Acharya - good info!

great suggestions @Dave Foster - thank you!

thank you @Bill B. @Steve Wolterman and @Sean Ross for you responses. This is clarification I was looking for.  Regards

@Jon Taylor - thanks for your response! In my case, the current property is jointly owned by my wife and me, and the LLC will have the same two members as well.

Greetings everyone!

We own a rental investment property in our personal names which we intend to sell and do a 1031 exchange to buy a commercial NNN property. Would like to purchase the NNN property in the LLC name.

Do we need to transfer the deed for the rental property to LLC name before we sell ?

Any recommendation on how to go about this, is highly appreciated.

Thank you all.

-Kamal

Michael - The 6,000 SF refers to the land size limitation. My plan is to develop five 1,200 SF units, allowing tenants to lease multiple units if they require more space.

Recently, a 62,000 SF medical building from a Reputed Hospital Name opened directly across the property, which reinforced my belief that a medical office setup would be a strong fit for this location. My goal is to attract standard medical office tenants who do not require specialized equipment—such as Primary Care Physicians, Urgent Care Clinics, Chiropractors, 
Physical Therapy & Rehabilitation Centers etc

Thanks @Jared Rine - all good info

Thanks Henry - that helps.

Hello All,

We own a piece of commercial land and plan to build a medical/retail building approx 6000 sq ft. for lease.

After the land is graded and all utilities in place including the storm water management, what could be the  approximate cost to build a vanilla shell (dry wall + hvac included) for a modern medical/retail building like this one.

Also who can provide funding for this, land is paid off. I have checked with Wells Fargo where we bank they say they do not provide investment property loans.

Thanks in advance.