| Allstate Office Supplies successfully completed a 1031 Exchange and transferred existing small business administration (SBA) loans to their new corporate headquarters, which they once again built to their specific building requirements. The building consists of approximately 120,000 SF freestanding industrial building with 21,000 SF of highly improved office space on 4.5 acres.
Their construction cost, including the land, was approximately $4,800,000 in 1998. Since then, the property value has greatly increased. |
