Salisbury, MD April 2020- Tom Knopp, Senior Advisor with SVN Miller Commercial Real Estate co-brokered a tax-deferred exchange with a total value over $7.6 million. This deal was not just one property but a portfolio of four that consisted of properties spanning over three counties in MD and DE.
“I really enjoyed working with Tom and the SVN Miller team. They are focused, very accessible and good at what they do. On a 1031 exchange and interested only in a semi-tight geography and price point, the pressure was certainly on them to hustle and deliver. We ended up purchasing multiple properties that matched my investment goals and the deals went very smoothly. I would highly recommend Tom and his team to any commercial investor,” said Brian E. McKinley.
A tax-deferred exchange allows a taxpayer to replace income from a sale with a like-kind property. Capital gains are “deferred” if IRS guidelines are met. McKinley purchased these properties located in Easton, MD, Seaford, DE, and Salisbury, MD as an investment that he plans to lease out and manage personally. Chris Davis of NAI Coastal was a co-broker as well for the buyer’s side.
Tom says, “I am always available to help a client whatever their needs may be. I have worked on a wide range of deals in terms of dollar amount. This deal was actually the second tax-deferred exchange SVN brokered for this same buyer.”
If you would like to discuss tax deferred exchange details, please contact Tom at email@example.com or 302-249-9097
SVN | Miller Commercial Real Estate, with offices in Salisbury, MD, Bethesda, MD, Easton, MD, Seaford, DE, and Onley, VA is a financial services firm specializing in commercial real estate. We provide advisory, brokerage, consultation, leasing and asset and property management services to clients in the Mid-Atlantic Region. We combine a comprehensive national footprint with local decision making, expertise and market-leading execution. We maintain an unequivocal commitment to our clients and community (#SVNgivesback).
SVN |Miller is an Accredited Management Organization® (AMO). Our team of dedicated professionals with market-leading knowledge includes a highly trained staff of Certified Property Managers® (CPM®), Brokers who hold the prestigious Certified Commercial Investment Member (CCIM) designation, and members of the Society of Industrial and Office Realtors (SIOR).