99 Bitcoin can buy this major down town Office Tower inside Opportunity Zone

PONTIAC, Mich., Dec. 3, 2021 /PRNewswire-PRWeb/ -- After gaining billions in speculative profits, is it time for Cryptocurrency investors to hedge some gains into hard assets like real estate? Michigan's DIRT Realty is betting The Opportunity Zone Tax law is this moment Crypto investors have been waiting for. December 31, 2021 is the deadline to maximize the tax deferral benefits, and avoid 100% of the future capital gains on deep value real estate, like vacant downtown office towers.

31 Judson, Pontiac, Michigan is a 200,000 square foot, 8 story, former GM OnStar headquarters is on the market for sale at just USD$5,750,000 or just 99 Bitcoin. That's under 12 Bitcoin per story or USD$29 a square foot, this for a building which would cost nearly $200 a square foot to replace today. One of the owners, Bob Waun, says "the building can be occupied with minimal work, is attached to a massive 2,800 car parking deck. As an extra incentive they will give free parking for the first 3 years to a Bitcoin buyer."

"The office building can be a tech headquarters again, data center (still has fiber from OnStar days), cryptocurrency mining, or converted to residential and senior housing use. In the center of Oakland County, one of the wealthiest areas in the Midwest with a population over 1.4 million." said co-owner Tarik Dinha.

The Federal Opportunity Zone Tax Act allows deferral of Capital Gains Taxes for 7 years, and a 100% exclusion on future Capital Gains taxes for the new investment inside The Zone. This can be a combination of the real estate (office building), equipment or the business operations that move to Pontiac.

Media Contact

Bob Waun, DIRT Realty, 1 2487229286, [email protected]

Tarik Dinha, DIRT Realty, [email protected]

SOURCE DIRT Realty