Chad Minor with Solid Investments sells a brand new construction 7,381 SF AutoZone retail property located in Clearwater, FL for $1,550,000.
Clearwater, FL, December 28, 2015 (Newswire.com) - Chad Minor with Solid Investments, a nationally-recognized boutique real estate firm specializing in buyer representation of Triple Net (NNN) investment property sales, announced that the company has completed the sale of a new construction 7,381-square-foot AutoZone retail property located at 2430 Gulf to Bay Boulevard in Clearwater, Pineallas County, FL. The sale price was $1,550,000.
Chad Minor represented the buyer, a private investor from Ft. Myers, FL that was acquiring the property to complete a 1031 like-kind exchange. Jeff Enck of Shane Investment Group represented the seller, a family trust.
Chad Minor adds, "In order to complete the like-kind transaction in compliance with the IRS Code Section 1031 rules we had to diligently work with the seller to mutually come to terms for the betterment of the deal."
Chad Minro, Broker
Mr. Minor recognized this was a great opportunity for an investor to acquire a quality long-term tenant in rare/irreplaceable location, with zero Landlord obligations, a long term leases and periodic rent increases. Chad Minor adds, “In order to complete the like-kind transaction in compliance with the IRS Code Section 1031 rules we had to diligently work with the seller to mutually come to terms for the betterment of the deal.”
About Solid Investments
Solid Investments specializes in the sale of Triple Net (NNN) Commercial Investment Properties - where the Tenant is responsible for all property related expenses (taxes, insurance, maintenance & repairs). They work primarily with the buyer and assist with 1031 Exchanges, while providing a full professional service approach through every step of the buying process.
Solid Investments has sold over 150 NNN properties worth in excess of $345,000,000.
For more information, visit www.solidinvestmentsfl.com
Media Contact
Company Name: Solid Investments
Contact Person: Chad Minor
Email: Chad@SolidInvestmentsFL.com
Phone: 941-209-1437
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