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NAI Latter & Blum Represented 1031 Exchange in $2,550,000 Sale in Alexandria, Louisiana

09/28/2015

NAI Latter & Blum Represented 1031 Exchange in $2,550,000 Sale in Alexandria, Louisiana

(Alexandria, LA) - 1031 Exchange completed and reinvestment into three different properties. After 601 days under contract Team Rod Noles and Jordan Marks closed CVS land sale in Leesville for $1,900,000. The seller then reinvested under 1031 deferred exchange into two office buildings and a commercial lot. The total purchase price for the exchange properties totaled $2,550,000. Noles said when looking for re-investment property you need to work “off market segment” of your targeted geography. Two of the three properties were listed but the largest of the group was not on the market.

With offices in New Orleans, Baton Rouge, Alexandria, Lake Charles, and Lafayette, NAI Latter & Blum is the premier commercial real estate firm in Louisiana .

 

09/30/2015 - 13:45

Source

NAI Global

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