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BearRock Investments LLC
1414 N. Vercler
1414 N. Vercler St. Spokane Valley, Washington
2 Year Hold | 18.32% IRR
Sold (inactive)
Purchased all cash, then placed conservative debt on property (tax free) to fund subsequent investment.
Project Type | Source | Size | Acquisition Price | Sale Price |
---|---|---|---|---|
Medical Office | Industry relationship, on the market | 8,068 square feet | $1,192,476 | $1,480,000 |
Purchased through a 1031 tax deferred exchange. Later placed $790,000 debt on property and distributed loan proceeds (tax free) to investors to purchase an investment property in downtown Seattle. Later sold this property, paid off loan, and performed tax deferred exchange into industrial project in Seattle.
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