The Swanson Apartment Team assisted a client in another successful 1031 exchange, helping them move from seven units in Costa Mesa to 12 brand new units in San Antonio, Texas.
7 Units in Costa Mesa, CA
> $3,275,000
> Sold at a 3.25% CAP Rate
> All 2 Bedroom / 1 Bath Units
> 1975 Construction
12 New Units in San Antonio, TX
> $3,200,000
> Purchased at a 6.0% CAP Rate
> All 2 Bedroom / 2.5 Bath Townhomes
> 1,600+ Sq. Ft. Each
> 2021 Construction
