I am often asked by current or prospective clients about (IRC Section) 1031 exchanges, especially by property owners who are considering a sale of an existing commercial property. Following last month’s article in the Quad Cities Business News, I received this email from Edward and Barbara G. of Santa Barbara, California, which basically asked this question, “Mr. Sherman, we recently traveled to Prescott and read with much interest your article on Due Diligence. As we are very close to selling … [Read more...] about Exploring Real Estate’s 1031 Exchange
Neil Sherman
Important Considerations When Purchasing an Office Building
There’s a lot to consider when preparing to buy a commercial property. A Prescott Valley man recently approached me as he was in the process of purchasing a roughly 22,000-square-foot office building in the Prescott area. The property had nine total office suites with three spaces currently vacant. He asked what sorts of things he needed to check out during the inspection period. As a commercial broker, I can’t even begin to tell you how many prospective buyers overlook key concerns during … [Read more...] about Important Considerations When Purchasing an Office Building