Industrial Property Search
Locate industrial facilities and warehouses for like-kind exchange.
Industrial property search services are designed for property investors in New York, NY and nationwide who are seeking replacement industrial facilities within their 45-day identification period. Our specialized service focuses on locating warehouses, distribution centers, manufacturing facilities, and flex industrial properties that meet IRS like-kind exchange requirements.
This service is ideal for industrial property owners, logistics companies, and real estate investors looking to identify industrial replacement properties that maintain their business operations and investment objectives. We work closely with qualified intermediaries and qualified escrow holders to ensure that all identified properties meet exchange compliance standards while securing exchange funds.
During the 45-day identification period following your relinquished property closing, we help you identify industrial properties that qualify under IRS rules including the 3-Property Rule, 200% Rule, and 95% Rule. Throughout the 180-day exchange period, we coordinate industrial-specific due diligence, environmental assessments, and acquisition planning to ensure successful completion of your exchange.
Our New York, NY-based team understands the unique characteristics of industrial properties in the metropolitan area, including transportation access, labor markets, and industrial zoning requirements. We help you identify properties that offer strong occupancy potential and operational efficiency for industrial tenants.
Working with qualified intermediaries and qualified escrow arrangements, we coordinate the identification process while ensuring all documentation meets IRS requirements. Our comprehensive approach includes market analysis, property condition assessments, and coordination with industrial property specialists to streamline the identification and acquisition process.
We provide dedicated support throughout both exchange periods, helping you navigate the complexities of industrial property identification while maintaining compliance with all IRS regulations. Our expertise in the industrial sector helps you identify properties that not only qualify for exchange purposes but also align with your operational requirements and investment strategy.
What's Included
- Industrial property market analysis and search coordination
- 45-day identification period deadline monitoring
- Coordination with qualified intermediary for documentation
- Preliminary environmental assessment coordination
- Boot analysis for property improvement differences
- Property valuation and income analysis
- Industrial property specialist coordination
- Compliance verification for IRS identification rules
Common Situations
Warehouse owners in New Jersey seeking replacement distribution centers in the New York metro area under the 200% Rule.
Manufacturing facility owners identifying multiple industrial properties across New York State markets for operational expansion.
Logistics companies identifying cold storage facilities and flex industrial spaces to maintain business continuity.
Example Engagement
Example of the type of engagement we can handle
Service Type:
Industrial Property Search
Location:
New York, NY
Scope:
Identification of 4 industrial facilities within 45-day period under 200% Rule
Client Situation:
Owner of distribution warehouse in Queens seeking replacement properties in Brooklyn and Long Island markets
Our Approach:
Coordinated industrial property search across multiple markets, reviewed environmental reports, analyzed lease terms, prepared identification documentation for qualified intermediary
Expected Outcome:
Successful identification of 2 qualifying industrial properties, both acquired within 180-day exchange period
Frequently Asked Questions
What types of industrial properties qualify for identification during the 45-day period in New York, NY?
Industrial properties that qualify for identification during the 45-day period in New York, NY include warehouses, distribution centers, manufacturing facilities, flex spaces, and cold storage facilities. The properties must be like-kind to your relinquished property and meet IRS requirements for investment or business use. We help you identify properties that maintain similar industrial functionality and investment characteristics.
How do the identification rules apply to industrial properties in New York, NY?
The identification rules apply to industrial properties in New York, NY the same way as other property types: 3-Property Rule (maximum 3 properties), 200% Rule (unlimited properties up to 200% of relinquished value), or 95% Rule (unlimited properties if 95% of total value is acquired). We help you determine which rule best fits your industrial investment objectives and ensure all identifications are properly documented with your qualified intermediary.
What environmental considerations are important when identifying industrial properties in New York, NY?
Environmental considerations for industrial properties in New York, NY include Phase I environmental assessments, potential contamination issues, and compliance with local environmental regulations. We coordinate preliminary environmental reviews during the identification period to help you understand potential liabilities while ensuring you meet identification deadlines and IRS requirements.
How might industrial property improvements affect boot recognition in New York, NY exchanges?
Industrial property improvements can affect boot recognition in New York, NY exchanges if the replacement property has different improvement values than your relinquished property. Any net reduction in improvement value may be treated as boot and become taxable. We analyze improvement values and help you identify properties that minimize potential boot in your exchange transaction.
Can I identify industrial properties with existing tenants during the 45-day period in New York, NY?
Yes, you can identify industrial properties with existing tenants during the 45-day period in New York, NY, as long as the tenancy doesn't violate like-kind requirements. The property must still be held for investment or business use. We review lease terms and tenant situations to ensure identified properties qualify for your exchange while providing income analysis.
Educational content only. Not tax, legal, or investment advice. 1031 defers income tax on qualifying real property and does not remove transfer or documentary taxes.
Ready to Get Started?
Contact us to discuss your industrial property search needs in New York, NY. We can share references upon request.
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