68 ACRES SOLD FOR $2.3M
Smith Boone assisted and advised cooperating brokers and the Buyer, East Coast Holdings and Seller, Family of Freida Wall in the successful sales transaction of 425 Rainbow Lake Road, Boiling Springs, SC 29316. The 68 Acres along Rainbow Lake Road and Bible Church Road is well-known parcel in the history of Boiling Springs; the Wall family has maintained the land and provided Little League Baseball fields to the kids of Boiling Springs for many decades. East Coast Holdings plans to continue their proven-track record of responsible, community-focused development with future improvements and additional commercial and residential use in Boiling Springs.
1031 Tax Deferred Reinvestment into Development Land
A key element to the success of this 68 Acre development transaction was 1031 exchange. 1031 Exchange is a IRS real estate investing tool that allows investors to exchange an investment property for another and defer capital gains or losses and capital gains tax that are otherwise due to the IRS at the time of sale.
Let Smith Boone show you how to defer taxes and reinvest your full proceeds from an investment real estate sale.
Smith Boone is a best-in-class speciality commercial real estate firm. Headquartered in the upstate of South Carolina, we provide commercial brokerage services, development and build-to-suit, and 1031 exchange & equity consulting to individuals and organizations across the Southeast.
Always People First, Then Property
At Smith Boone, our approach is always People-then-Property. Our focus is always to help the client determine, plan and realize the maximum benefits from the real estate owned or used–benefits derived by the client is always the goal.
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