“I could not be happier with the outcome and the confidence I have in Atlas 1031 Exchange. Andy did what he said he would do and kept me informed of the progress and what I needed to do. I will be working with Andy again in the near future.”
The Subway owner called to discuss how a 1031 exchange could help him transition into a new business. After the initial discussion, I spoke with his attorney to further understand his client’s transaction. As the sub-lessee of a thirty plus year lease, the lessee allowed him to sell his lease interest to exchange for real property. The IRS considers a thirty or more year lease as real property and eligible for a 1031 tax deferred exchange.
The exchange is now completed with the Subway owner owning real property in preparation to open a new business not related to the food industry. The owner found working with Atlas 1031 wonderful and very professional. He remarked that plenty of time was provided to answer his questions and understand the particulars as they related to the 1031 exchange.
Subway Owner
Albuquerque, NM
