In 1983, a client purchased a gas station and auto repair facility without conducting an environmental assessment. Later, petroleum contamination was discovered during regulatory inspections. GeoTech Environmental, an organization specializing in in-house environmental engineering services, secured State funding, conducted active remediation, and obtained regulatory cleanup approval.

The client then enlisted Geotech Realty’s services to find a buyer for the property. Through an aggressive marketing campaign and direct investor relationships, the property was successfully sold in less than 35 days, resulting in a mutually beneficial transaction with the purchaser. The property was sold for $775,000, and the seller applied for the 1031 IRS Exchange Program, thereby maximizing their hard-earned retirement income.

Since the sale, approximately 11 months ago, the property has appreciated to over $1,500,000, and the new owner has subsequently acquired multiple investment properties using GeotechRealty’s specialized expertise.