Strategic 1031 purchase to satisfy an income-producing asset. Our client was looking for a small commercial office condo with park and city views. Such an asset hasn't seen the market in some time. With company headquarters relocated due to covid, clients need a place to hold luncheons, client meetings, and networking events. The 3-bedroom condo reduced to a 2-bedroom provided for a huge open loft-like space for a 12-person table and a smaller meeting area. Providing the client with exactly what they were looking for and avoiding the risky purchase of a commercial office condo in the unsettled and declining market post-COVID
