Charlotte, NC Medical Office Project

[Jon Allen]

Investment Info:

Office Space commercial investment investment in Charlotte.

Ground leasehold interest serving as qualified intermediary for a 1031 exchange construction project. We are leasing land owned by a friendly real estate connection who has 1031 money and wants to construct an office building on land they own. We have a construction loan in our company's name guaranteed by the fee simple owner, which pays the lease payments. At completion, the fee simple owner will buy out the leasehold at a fee to us and utilize their 1031 money.