Tye Industrial Building | Monroe, WA
THE VARA GROUP is proud to announce the successful acquisition of the Tye Monroe Industrial Building on behalf of the Buyer in a 1031 exchange. This institutional-quality industrial asset was acquired well below replacement cost and positioned the Buyer for a significant financial upgrade—delivering a 209% increase in income compared to the downleg property also sold by The Vara Group. The acquisition was further optimized by securing sub-6% financing with a 10-year term and five years of interest-only payments. This transaction reflects our ability to deliver high-performing investment solutions and execute complex exchanges that maximize long-term returns.
Address: 17105 Tye Street Southeast, Monroe, WA 98272
Client Testimonial
"After years of working with RJ, we decided to have him sell our warehouse and help us execute a 1031 exchange into another property. RJ and his team were highly involved and covered every minor detail during due diligence, financing, and finding a new property management team for the exchange property he sourced.
He and his team alleviated much of the stress that typically comes with a 1031 exchange. When it was all said and done, we sold a building with significant upcoming repair items and a short-term lease and acquired a well-maintained building that featured long-term leases. We were also able to more than double our annual net cash flow. We feel very fortunate to have worked with RJ and his team on this transaction."
- Brad S.