Posts Tagged ‘1031’

CVS For Sale in Manassas

Saturday, October 4th, 2008

NAI KLNB is please to offer a brand new freestanding CVS leased for 25 years in the affluent Washington DC suburb of Manassas, Virginia.

CVS Caremark  (NYSE:CVS, S&PBBB+) is the largest provider of prescriptions and related health care services in the nation. The Company fills or manages more than 1 billion prescriptions annuallyand operates 6,300 CVS/pharmacy stores. The Company enjoys annual revenue of approximately $80 billion.

A fine 1031 exchange or alternative the stock market in this ugly time.

Email for details.

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44 days and counting

Saturday, January 19th, 2008

If you just have a handful of your 45 days left to identify replacement property to complete a 1031 tax deferred exchange, are striking out and are going to face a major tax hit as a result, now is the time to consider tenant in common investments (commonly known as TICs).

When you buy a TIC, you get an “undivided” interest in (most cases) a big, sexy asset that you would otherwise not be able to afford.

The upside, you presumable own better real estate than you’d be buying with your six figure chunk of change, You also avoid any management hassles: the TIC organizer (called a “sponsor”) is going to take care of those hassles for you (and make a lot of fees going in, along the way, and going out).

The downside: The fees of course…and a serious lack of liquidity. There’s no one making a resale market for TIC interests (at least no one I know of). Perhaps there’s an opportunity there.