Overview

CCI Construction specialized in the construction of government facilities such as schools, court houses and other municipal structures. Its owner, Ron Cross developed an industrial complex during the slow times which included a mini-warehouse storage facility and flex space for small office- warehouse users. Mr. Cross had a need to minimize his real estate holdings / responsibilities in order to devote more time towards his construction company.

 

Results

After consulting with Ron it was decided that the best plan of action was to find a buyer for his industrial property and to locate an office-warehouse building with a laydown yard for his construction equipment. Jay Willingham located a buyer for the industrial complex who owned a warehouse that was for sale. A 1031 Tax Deferred Exchange allowed Mr. Cross to trade out of his labor-intensive real estate holdings into a user property along with a triple-net leased income property.

 

Value Added

• Substantial tax savings utilizing a 1031 Tax Deferred Exchange.

• Jay Willingham’s extensive contacts and property knowledge enabled Mr. Cross to have simultaneous closings so that he could eliminate his property management responsibilities on Friday and focus that energy towards the management and transition of his construction company come Monday Morning.

 

 

"Jay Willingham has worked with us on several projects, and we have always been very pleased with the results and with his performance. He is very professional and places client satisfaction above his own personal gain. This is rare."

 

CCI Construction Corporation

Ron C. Cross, President and CEO