Hopkinton Drug Sale and 1031 Exchanges

This property sold for over asking without permits, and the seller used a 1031 Exchange to defer taxes and acquire 3 investment properties.

Insight

The business was in transition, and the owners were looking to lease and create residual income. The owners were in discussions with a national brokerage firm. I asked what the other brokerage firm suggested as a listing price? I informed the owners that I believed I could achieve a better price.

Strategy

Secure the exclusive. Did a massive campaign. Used commercial real estate platforms, media , immediately inviting outside brokers , tenants and buyers to solicit offers. Some brokers work on internal buyers and tenants first. Potentially limiting the overall rent income or sales price.

Created a bidding war with both tenants and potential buyers.

Outcome

The owners were able to choose the best offer from 12 or more offers. The owner decided to accept an offer which was a sale at 42% higher than the national firm’s suggested listing. Additionally this offer required no permitting or financing contingencies.

We solved the potential large tax burden by using 1031exchange . This allowed seller to rollover the sale proceeds to other real estate investments . These investments produced income stream and the new investments appreciated by 14.7 % year over year . This number is based the median appreciation of residential income properties on Cape Cod from April 2024 to April 2025.

Photo Gallery

Before

Need sentence here

After

Need sentence here

We are a Massachusetts based commercial real estate service company providing representation in all aspects of commercial sales and leasing. We offer demographic based solutions, business sense and market knowledge.

COMPANY

6 Sylvester Rd.
Natick, MA 01760

Kelly McGovern – President

Help

Visit Help Center

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.