Flex Space Identification
Flex space identification service specializes in sourcing flex and light industrial properties combining office and warehouse space that qualify as like kind replacement properties for Chicago, IL investors. This service focuses exclusively on flex space assets nationwide to help investors meet their forty five day identification deadline and one hundred eighty day closing requirement.
Our team maintains relationships with flex space brokers, light industrial specialists, and institutional sellers across all major markets. We provide property underwriting, tenant demand analysis, and market rent studies specific to flex space assets. The service coordinates with your Qualified Intermediary to ensure proper identification letter structure and works with qualified escrow agents to facilitate compliant closings within the one hundred eighty day window.
Chicago, IL investors benefit from our specialized focus on flex space properties, which offer diverse tenant needs and operational flexibility. We understand the specific requirements for flex space replacement property identification and can help structure exchanges that comply with IRS like kind rules while meeting investment objectives for tenant diversity and operational versatility.
What We Include
- •Specialized flex space property sourcing nationwide
- •Flex and light industrial opportunity identification
- •Office and warehouse component analysis
- •Tenant demand studies and market rent analysis
- •Coordination with Qualified Intermediary for identification letters
- •Qualified escrow coordination for one hundred eighty day closings
- •Daily deadline monitoring for forty five day and one hundred eighty day milestones
- •Property underwriting summaries specific to flex space assets
Common Situations
Chicago, IL investor selling commercial property and needs to identify flex space replacement properties within forty five days
Investor seeking properties combining office and warehouse space and needs specialized flex space sourcing support
Investor with multiple flex space identification options and needs tenant demand analysis to make selection decisions
Example of the type of engagement we can handle
Service Type
Flex Space Identification
Scope
Identify flex space replacement properties combining office and warehouse components across major metropolitan markets nationwide within forty five day deadline
Client Situation
Investor selling Chicago office property and needs to identify flex space replacement properties with clear height and loading docks in multiple markets before forty five day deadline
Our Approach
Specialized flex space sourcing team scanning light industrial inventory nationwide, providing tenant demand analysis and market rent studies, coordinating with Qualified Intermediary for identification letter structure
Expected Outcome
Multiple vetted flex space replacement property options identified with complete underwriting data and compliance documentation before forty five day deadline
Educational content only. Not tax, legal, or investment advice.
Related Services
Industrial Property Identification
Source logistics, distribution, and manufacturing assets for 1031 exchanges.
Learn moreProperty Identification Concierge
White glove outreach to sponsors, brokers, and developers to secure vetted replacement options.
Learn moreUnderwriting Support
Comprehensive underwriting support for replacement property evaluation and lender requirements.
Learn moreFrequently Asked Questions
What identification rules apply to flex space identification for Chicago, IL investors?
How does boot affect Chicago, IL investors exchanging into flex space properties?
Can Chicago, IL investors identify flex space properties in different states?
What happens if Chicago, IL investors cannot close on identified flex space properties within one hundred eighty days?
How does flex space identification help Chicago, IL investors evaluate tenant demand?
Ready to Get Started?
Contact our team to discuss how Flex Space Identification can support your 1031 exchange in Chicago, IL. We'll help you navigate the 45-day identification deadline and 180-day closing requirement.