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News: Front Section
Posted: September 25, 2015
Nordlund Associates, Inc. rep. Ured LLC in $900,000 building and land sale located at 240 Newbury Street, Danvers, MA
240 Newbury Street - Danvers, MADanvers, MA Nordlund Associates, Inc. represented the owner, Ured LLC, in the $900,000 sale of the buildings and land located at 240 Newbury St., situated at the junction of Rte. 1 South and Rte. 62. The free-standing office building consists of 4,719 s/f with a 1,500 s/f detached garage set on 1.44 acres.
Nordlund Associates is a full service commercial real estate firm serving tenants, landlords and investors by facilitating the acquisition and/or divestiture of properties through traditional and innovative strategies. They attribute their success to their knowledge, expertise, personalized service and entrepreneurial values. Creative solutions, adjustments and decisions are made on the go.
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While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here are five mistakes to avoid:
Four tips for a smooth 1031 Exchange - by Bill Lopriore
Many real estate investors do not understand the specific requirements that must be met to secure the benefits of a tax-deferred 1031 exchange. For example, the replacement property must be identified within 45 days of the closing date of the relinquished property.
