Few things make us happier at the Thomas Duke Company than turning a potentially stressful transaction into a smooth move for a client. We do that regularly—because of our commitment to teamwork.
The owner of 2199 Haggerty Road asked Duke brokers Mark Szerlag and Mark Schafer not only to help him sell his property, but also to help him execute a 1031 Tax-Deferred Exchange. This increasingly popular tool allows investors to defer capital gains taxes on a sale by swapping one investment property for another. But the turnaround time permitted between the sale of one and the purchase of the next property is tight.
After successfully selling their client’s Haggerty Road property, Mark and Mark studied our extensive database of listings and found one that matched exactly what he was looking for. The Linden Road Center in Clio was fully occupied, had a high cap rate and a strong tenant mix. The two brokers handed the baton to their teammates Andrew Goble and Eric Szerlag, who had listed that property.
Moving quickly, Andrew and Eric worked with their seller to get the property under contract. With an eye on the 1031 clock, they took the deal across the finish line well under the allowable timeframe.
The full-team effort kept the whole transaction in house and on time. The Thomas Duke Company Team can make your next move a smooth one too.
If you would like to list your investment property please call The Thomas Duke Company today at 248-476-3700.
