AMARILLO, TX - Ben Wilson of Helvetica identified an exchange property for a private investor's 1031 exchange upleg. The investor needed to quickly identify a substitute property to qualify for a 1031 exchange and defer a substantial amount of tax liability.The investor's financial advisor and CPA referred him to Helvetica as a trusted source to provide advise on acquiring and financing commercial real estate. Helvetica was able to scour the country side within a few days and find a suitable, low risk, worry free, cash flowing investment located in Amarillo, TX. The single tenant retail building was leased to a credit tenant and was generating a 5.6% return (cap rate).
AMARILLO, TX - Ben Wilson,Director of Acquisitions for Helvetica Group, identified a $2,291,000 single tenant NNN investement property in Amarillo, Texas for a private investor. The tenant was Longhorn Steakhouse which was on a long term, NNN, corporate guaranteed ground lease providing the investor with a stable, low risk return on their investment. The investor recently sold a multifamily property and needed to quickly satisfy a 1031 exchange to defer a substantial tax liability. Helvetica was able to search nationwide to locate a suitable replacement property and organize the due diligence and closing within a short period of time.
Later, Mr. Wilson arranged to refinance the property with a $900,000 bank loan allowing the investor to purchase an additional property and diversify his holdings.
- NNN Property
- Stabilized Investment
- Low Risk
- Ground Lease
- 1031 Exchange
- Permanent Financing
- Bank Finance
ST. PETERSBURG, FL (December 31, 2015) - Chad Mestler, CEO of Helvetica Group, arrannged for the purchase of a vacant hospital, formerly known as the Ed White Hospital in St. Petersburg, FL. This 6 story, 121,000 sq. ft. building is an ideal opportunity for an adaptive reuse development. Ideally suited for assisted living, senior housing, veterans housing, immigrant children housing, single resident occupancy or multifamily. The neighborhood of Kenwood is a very desirable residential area in St. Petersburg, Florida. Kenwood is located just 2 miles from downtown St. Petersburg, and 15 minutes from downtown Tampa.
Alternative real estate investing is an elusive asset class. Identifying, originating and underwriting real estate investments takes time and experience.
Direct Investing in Alternative Real Estate Assets
Traditional brokers and financial advisors rarely direct their clients to these types of assets primarily because their firm cannot custody the investments and as a result, they lose the capital and cannot charge fees on the assets. It’s unfortunate, but true. Some advisors, in an attempt at altruism will direct their clients to such investments in a holistic attempt to balance out a portfolio. Our experience has proven that alternative real estate investments should be a significant part of any balance portfolio.