Looking for 1031-Exchange Property in Southern New England?

[Jeremie Blum]

Hi BP community, 

I'm not sure if I'm allowed to post this kind of discussion in this part of the website but here it is nonetheless. 

I currently have a commercial property on the East Side of Providence, RI that would be ideal for a 1031-Like Kind Exchange buyer. 

9-Unit mixed-used building, fully rented with stable businesses in commercial spaces. The commercial leases are locked in for at least 3 years with 4 to 5% yearly increase. The building is within walking distance from Brown University and Downtown Providence and with easy access to the highway. 

Currently priced at 6% cap rate ($1,850,000), assuming 5% vacancy rate and 10% management cost, although the actual vacancy rate in the last 2 years has been near 0%. 

Sellers are also doing a 1031-Exchange and are looking for a quick close. If you would like more details, send me message. 

Thank you!