The Bogie Group

Just Closed! Advance Auto Parts | 4105 S. Mayfield Rd., South Euclid, OH.

We're proud to announce another successful 1031 exchange. Highlights of this sale include:
- 1031 Exchange upleg acquisition of a NN-leased Advance Auto Parts in South Euclid, Ohio (Cleveland MSA)
- Property was identified as an ideal acquisition for the tenant's long-term commitment to the location, strong retail location, and ranking as a high-performing store nationwide
- Acquired at a 7.83% cap rate
- We represented the buyer in this transaction, who 1031 exchanged out of their fourplex in Hawthorne, California
- By performing a 1031 exchange out of their multifamily asset and into this property, our client increased their cash flow 121%.

For more information on this sale or 1031 exchanges, please contact David O'Keefe at (424) 405-3844.