Westwood Brokered A Huge $92.6 Million 1031 Exchange Deal: Can We Help You?

Jan 23, 2018

Are you looking for the right brokers to get you the best 1031 Exchange deal? Then look no further than Westwood brokers. Westwood Net Lease Advisors, which connects sellers and buyers in the triple-net marketplace, is a professional commercial real estate advisory group that specializes in 1031 like-kind or tax-deferred exchanges for investment properties.

Let me ask you… How does a $92.6 million 1031 exchange transaction sound to you? Yes, you read that right: $92.6 million! Keep reading to find out how Westwood Net Lease Advisors’ Brokers made a whopping $92.6 million deal, and how they can do the same for you.

The Benefits Of Working With Westwood Brokers

benefits of working with Westwood brokers

Jeff Gitt of Westwood Net Lease Advisors has more than 45 years experience in buying, selling, and building a commercial real estate of all asset groups. Westwood Net Lease Advisors provides the investor with a seasoned broker, a professional who is able to negotiate effectively and successfully on your behalf. We can give you our full commitment to aid you in finding, negotiating, and closing a great deal.

Here is part of the benefits of working with our seasoned Westwood brokers.

Save on Your Purchase

Working with our Westwood brokers results in a considerable saving for you (the investor). Investors who hire a broker pay 5.5% less than investors using traditional agents. If you are negotiating “against’ a professional, you too should have an expert in your corner too.

See More Properties

Westwood Net Lease Advisors can show you only the very best deals and properties available. Westwood brokers review and analyze currently available properties so that you can easily (and quickly) determine which one best suits your needs.

Removal of Conflict of Interests

Listing agents ultimately work for the seller. Their job is to get the best terms and highest price for the seller. Our advisors have no conflict of interest because the goal of our Westwood brokers is to get the best terms and best price on the best property for the investor.

Professional Representation

Westwood brokers can help you negotiate the best possible terms and price. A broker can show you the difference between a successful, profitable purchase and a stressful, bad deal. The right broker can save you hundreds of thousands of dollars. Even more importantly, our brokers can help you avoid fatal mistakes that can cost you a lot of money and grief.

Westwood Net Lease Advisors’ Brokers Made The Best 1031 Exchange Deal

Westwood Net Lease brokers made the best 1031 exchange deal


Westwood Net Lease Advisors’ brokers Vince Vatterott and Jason Simon have completed the biggest 1031 exchange transaction in our company’s history, resulting in our client acquiring the $92.6 million new Dow Chemical headquarters building in Midland, Michigan.

Westwood Net Lease represented a prominent Northeastern investor. He was looking for a massive 1031 exchange as a consequence of a return to the lender of a distinct property where the loan significantly exceeded the property’s current market value. Unlike the majority of 1031 exchange transactions, the tax liability our client looked to defer did not come from gain, but it came from the remission of debt by the lender who adopted a deed in lieu of a foreclosure.

Due to the outstanding 1031 exchange, our client was eager to find a new property that had the lowest equity required to complete a transaction of that amount. The key for our client was to completely understand what exactly was needed to defer the $11 to $12 million tax liability successfully without requiring significant additional cash.

Our Westwood brokers focused on what’s known as “zero cash flow deals.” That’s where the loan to value is a lot higher because all the rental income goes to retire the loan. Vince Vatterott presented our client with a zero cash flow deal to acquire the new Dow Chemical company building as part of a larger Dow campus. The building was designed and built to Dow’s particular requirements. Then they agreed to lease the property for a time of 25 years, with all of the rent, involving annual increases, used to retire a loan as well as $80 million.

Wells Fargo was the financial developer/seller of the property with the financing “credit lease” made by TiAA CREFF. David Clary of Stan Johnson Company represented Wells Fargo, the seller. Our client was able to assume the existing (significantly leveraged) loan and provided only $11 million in equity. That matched the tax liability that would have happened for the 1031 exchange transaction.

Our Westwood seasoned brokers found the property for our client, negotiated the business terms and suggested the qualified intermediary (QI). The client was also well supported by superior legal specialists regarding the 1031 exchange transactions and the issues of completing this complicated transaction.

To Wrap It Up

Our Westwood brokers pride themselves on going the extra mile for their clients. Whether small or large, they make sure the deal is suitable for the client’s specific requirements and investment or tax-planning goals.Vince Vatterott and Jason Simon explored multiple possibilities and tested a large number of portfolio opportunities before suggesting this Dow headquarters office building transaction.

If you too want to consider a large 1031 exchange transaction, get in touch with our experienced Westwood brokers NOW at 314-997-5227 or [email protected].  We can connect you with the right investment property that best suits your financial goal.


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