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BearRock Investments LLC
1805 East Trent
1805 E. Trent Ave., Spokane, Washington
3 Year Hold | 27.58% IRR
Sold (inactive)
We purchased and industrial/office property off the market and later sold the property to an owner user. We were able to shielded capital gains through 1031 exchange into a new investment property.
Project Type | Source | Size | Acquisition Price | Sale Price |
|---|---|---|---|---|
Industrial/Office | Industry relationships, not on the market | 42,000 square feet | $680,000 | $1,225,000 |
Purchased as distressed property but in growing area of Spokane, near Gonzaga University. Leased office portion to contractor for administrative offices, and warehouse to distillery for whiskey barrel storage. Ultimately sold to a user, Habitat for Humanity. Performed tax deferred exchange into subsequent investment.
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