Overview

United Medical Enterprises was driven to be the best in their industry. As their reputation for Excellence grew, so did their business. The company occupied 25,000 Sq. Ft. and faced the challenge of either building on an adjacent lot or relocating to a facility that would allow for their expanding business.

 

Results

After an extensive search of the industrial market led by Jay Willingham, UME’s management analyzed the results and made the decision to put their current facility on the market and move to a building with three times the square footage. The then current manufacturing space was listed for sale with Jay who promptly found a qualified buyer. This enabled UME to make a simultaneous1031 Tax Deferred Exchange and save the tax expense of an outright sale.

 

Value Added

• Substantial tax savings by utilizing a 1031 Tax Deferred Exchange.

• Jay Willingham’s knowledge of the Augusta, GA Industrial market enabled UME to

  enjoy the peace of mind of not having to build.

• Because of simultaneous closings, United Medical did not have to pay the carrying

  costs of the company’s former manufacturing facility while searching for a buyer.

 

 

"My deadline of locating adequate warehouse...would not have been possible without the enduring dedication and assistance of Jay Willingham. Jay combines a high level of principles, along with proven experience... I would highly recommend that Jay be your choice for locating and preparing property for business use."

 

United Medical Enterprises

Herschel Pitts, Plant Manager