We just sold a building located out of the state of California. Our client is an investor who purchased the Texas building to affect a tax deferred exchange.
Cash flow, ease of management, and the multi year lease had appeal to the buyer. For the next 10+ years, our client will enjoy clipping the coupons of rent payments.
The building is leased long term to a Fortune 500 company. A build-to-suit was accomplished for the tenant four years ago.
So, what is a build-to-suit and when should one be considered? I believe one or more of the following circumstances would dictate building new versus buying or leasing an existing building…
An original post on AllenCBuchanan.com on December 2, 2016 written by Lee & Associates’ Allen Buchanan in Location Advice – California Businesses