On Wednesday October 1, 2014 Spencer/Hines Properties Broker in Charge, Lynn Spencer, was proud to announce Agent David Strickland as Agent of the Month for September.

David joined Spencer/Hines in October 2005 as a Commercial Property Sales and Leasing Agent. He is a licensed Real Estate professional in South Carolina with an extensive background in Industrial Sales and Marketing. David serves on several different boards and committees in the Upstate of SC including: Upstate Family Resource Center as Chairman, Family Development Committee as Chairman, Building Code of Appeals and Adjustments, and he is serving as the current President of Spartanburg County Real Estate Exchange.

Other Spencer Hines Commericail Property Highlights

• The month of September, Spencer/Hines Properties acquired 19 new listings.
• Andy Hayes was named Listing Agent of the month for September, bringing in a total of 16 new listings in September.
• Spencer/Hines Properties has a total number of 151 new listings for this year so far.
• Spencer/Hines Properties made a donation to support the Habitat for Humanity.
• Spencer/Hines is also helping sponsor the “Run for the Vets” on October 11th in Inman, SC.

September Tip – Consider a 1031 Tax Deferred Exchange
Section 1031 of the Internal Revenue Code (IRC) provides for investors to defer capital gains taxes on the sale of business or investment property when they reinvest the proceeds of that sale in the purchase of a new business or investment property. “No gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment, if such property is exchanged solely for property of like-kind which is to beheld either for productive use in a trade or business or for investment.”

October Propety Spotlight

This 13,945+/-SF office building with plenty of parkingsituated on approximately 2 acres of land. The buildingfeatures several private offices and open areas as well as a kitchen and break room. This building has 3 roll up doors and 2 drive-ins. Owner will leaseall or part of the building. An additional 8.5 +/-acres to the left of the building is available for purchase.

Property Address – 1341 Nazareth Church Rd. Spartanburg, SC 29301
Sale Price: $890,000     Lease Rate: $6.50/SF Net Net Net

Contact – Andy Hayes
Phone – 864-706-0189
Email