Sunday, May 20, 2012


SAN RAFAEL MAIN OFFICE 
  Westamerica Building
  Third Floor
  1108 Fifth Avenue
  San Rafael, CA 94901
  Phone: (415) 456-7500 
  Fax: (415) 456-0266 
    

WEST MARIN OFFICE 
  11150 Sir Francis Drake
  Point Reyes Station, CA 94956
  Phone: (415) 663-1333
  Fax: (415) 663-9155


  Purchase of Commercial Property - 1031 Exchange 

Our commercial property transactional team secured a 1031 exchange property for our client, a husband and wife, pressured by timelines for completing a 1031 exchange who had found and identified their target properties. Their ideal choice involved a nationally known public company as an anchor tenant with a long-term lease. 

The commercial property, though fairly recently developed, had certain environmental issues which needed to be addressed. The funding was also unique for the buyers. Our team guided our clients through the negotiations of the purchase agreement, the securitized loan documentation, and the creation of separate single-purpose entities preserving their 1031 exchange. Through continued diligence, the transaction was successfully and timely completed.


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  From its establishment in 1925 as as a small, local practice, Freitas, McCarthy, MacMahon Keating, LLP has carefully grown into a strategically situated firm providing legal counseling on estate, transactions, and litigation matters throughout the Bay Area and Northern California. As the oldest existing law firm in Marin County, Freitas, McCarthy, MacMahon & Keating, LLP specializes in delivering exceptional client-based service with a strong commitment to responsiveness and action.

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