Real Estate Journal — Financial Digest — 1031 Exchange — March 16 - 29, 2018— 17A
www.marejournal.com
M id A tlantic
1031 E xchange
By Alan Fruitman, www.1031tax.com The Triple Net (NNN) Property Book
Purchase completes 1031 Tax free exchange GHP closes sale of office/ flex building for $9.225M
about a book she wanted to write. She was an expert in her field; her k n o w l e d g e and insight would benefit he r c l i en t s in countless W
hile on vacation sev- eral years ago, one of my friends told me
NNN property buyers into the pages of my forthcoming book. Fast forward six grueling months – The NNN Triple Net Property Book was published. My clients now benefit from a written book with information, perspective and stories span- ning 20+ years of helping buyers purchase NNN and other invest- ment properties – in addition to my personal guidance through- out their purchase. Topics in my book include: passive vs. active income, who buys NNN property, why buy NNN property, choosing the right location, choosing the right tenant, the two happiest days of owning NNN property, differ- ences in cap rates, negotiation, diversification, leverage, which states to target or avoid, what does your real estate broker do, why relationships matter, whom does your broker represent, how the seller views you, what a sell- er wants, how your attorney can help or hurt you, environmental issues, comparing ground lease and fee simple properties, what to do with cash, not all NNN properties are the same, the type of property tenants prefer,
big box vs. smaller box, does your property need to be close to where you live, franchise vs. corporate lease, 9 warnings, the process & the property, LOI be- fore you fly, the 96% rule, time- line of your purchase, why the estoppel certificate is important, 1031 exchange, like-property, how should you take title, what buyers need to hear, you will be prepared for success. Yes, this sounds like a lot. Fortunately, my book is concise, not dry, filled with information & stories, and can be read in approximately two hours. The best part is you can download a pdf copy of my book for free at www.1031tax.com or purchase on Amazon at my true cost (ap- proximately $4 dollars). Last but not least, I will mail a free copy if you are looking to pur- chase NNN property. NNN property is not for ev- eryone. The NNN Triple Net Property Book will help you determine if NNN property is right for you. Alan Fruitman is founder of 1031tax.com and author of The NNN Triple Net Prop- erty Book. n
Alan Fruitman
131 Danbury Rd.
ways. After encouraging my friend to write her book, I knew that my clients needed an in- sightful, accurate and educa- tional book on NNN property. Many people had asked me to write a NNN property book. I resisted because writing a book is a tremendous undertaking. That evening, while on vacation, I went back to my hotel room and detailed the information my NNN buyers need to know, questions they frequently ask me and questions they should ask. Many hours later, I finished an outline that I would use to craft my book. I then began the daunting task of writing almost all of the knowledge, insight and trade secrets I share with my
term lease renewal and have invested several millions of dollars upgrading their space. The property was purchased by aWestchester County based real estate holding company and the purchase completed a 1031 Tax free exchange for the group. The seller was rep- resented by Elizabeth Smith of Goldberg Weprin Finkel Goldstein, LLP and title was arranged by Jim Maloney of The Great American Title Company . The purchaser was represented by Bill Anson of RM Friedland LLC . GHP Office Realty is a di- vision of Houlihan-Parnes Realtors, LLC . n
Wilton, CT — GHP Of- fice Realty (GHP) has closed on the sale of a 52,500 s/f one story office and flex building located at 131 Danbury Rd. in Wilton for $9.225 million. Most of the building is occu- pied by Omnicom Group, Inc. and the rest is occupied by the northeastern headquarters of Enterprise Rent a Car. Om- nicom (OMC) is a long time tenant in the building and is one of the world’s largest global marketing and corpo- rate communications compa- nies. Worldwide Omnicom is in 100 Countries and employs over 74,000 people. They have recently entered into a long
There’s more than one way to SELL apprEciatEd aSSEtS
NNN Properties Nationwide
if you’re thinking of selling a business, second home or commercial real estate investment with a large amount of gain, you’ve got four choices: pay the capital gains tax and 1245 depreciation recapture taxes. Ouch! 1031 Exchange. But what if you can’t find a suitable property and close by the deadline? deferred Sales trust’ ... defers capital gains, reduces estate taxes, creates liquidity. don’t Sell. But what if the asset is losing value and you want to cash out? the deferred Sales trust tM offers clear advantages. This tax code compliant strategy reduces capital gains tax impact while creating the potential to earn investment income on money you would have paid to the IRS. Benefits include tax deferral, with additional planning reduced estate taxes, conversion of an illiquid asset into estate liquidity, potential provision of retirement income, elimination of risk and possible reduction of some probate fees. 1 2 3 4
ALAN FRUITMAN www.1031tax.com 800-454-0015
For Additional Information please contact Eric Nelson Woloshin Investment Management 40 North Main Street, Medford, NJ 08055 Eric@WoloshinLLC.com | 856-294-7560
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