Simplifying Ownership Through a Smart 1031 Exchange
Leslie and Bob sold their property and completed a 1031 exchangeMeet Leslie and Bob! 🌟 They share the story behind their family’s longtime building on Ventura Boulevard, a property Leslie’s father bought decades ago that became the heart of their family business.
After years of managing it through different tenants (and even an earthquake!), the space sat empty after COVID, and it became tough to maintain. That’s when they reached out to Todd Nathanson and Rachel Adams from illi Commercial Real Estate for help.
With the team’s guidance, Leslie and Bob sold their property and completed a 1031 exchange, finding a Burger King–leased building in Wisconsin, a reliable, income-producing investment that gives them peace of mind without the stress of day-to-day management.
They’re beyond happy with how smooth the process was! 🎬 Watch their story!