Just Sold | Shell Service Station, Flagstaff, AZ
Congratulations to partners Clark Everitt, William Everitt, and Jonathan Krikorian on closing a Giant gas station, a newly built gas station in Flagstaff, AZ for $6,248,888.
Agents were able to successful execute a custom exchange wherein clients sold multifamily property and purchased new construction 20 year triple net lease.
With less than 30 days of cash flow interruption and a significant increase to client cash flow, the upleg is a strategically advantageous move for the client portfolio. The property qualifies for a 10-year accelerated depreciation and also benefits from no landlord responsibilities.