Hello! Welcome to the July Newsletter for  Black Diamond Realty!
At Black Diamond Realty, one of our goals is to educate our clients and help them build wealth over time via real estate investments and holdings. 

Tremendous perks exist in real estate that are not available through investing in stocks, bonds or other investments.  One of those major perks is a 1031 tax exchange . A 1031 tax exchange can be described as a real estate transaction without immediate tax implications to the seller. 

It is important for you to understand your tax bracket and effective tax when completing a 1031 transaction. You do not simply sell an asset and walk away with the net amount on the closing statement. Your transaction is, most likely, subject to capital gains and depreciation recapture. We recommend all clients consult their accountant  to better understand the ins and outs of their tax liability associated with any contemplated transaction. With that disclosure in mind, consider how a seller’s capital gains tax liability is one wealth building tool permitted by the federal government.

In a traditional transaction, the seller is subject to capital gains and depreciation recapture. This article is only focusing on capital gains. A capital gains tax is defined as a tax on the increase in the value of an investment.   Short-term capital gains  are characterized as gains from a sale in which an asset was owned for less than one year. Short-term capital gains are taxed according to your income tax bracket (seven total tax brackets in 2018).   Long-term capital gains  are classified as monetary gains in which an asset was owned for more than one year. Click on the button below to read more.
Valley Worlds of Fun to close after 46 years of business

According to JP Morgan Chase, “Roughly a third of new businesses exit within their first two years and half exit with the first five years.” 46 years ago, Bob Martin had a vision to give children and families a fun, safe and reasonably priced opportunity to enjoy indoor entertainment and recreation. For almost five decades, Valley Worlds of Fun has been a mainstay in our community. July represents their last month in operation. We encourage you to visit one last time and thank the Martin family for their service to the community.
As Seven Figures Worth of White Oaks Work Moves Ahead, City Official Says Multi-Million Project on Table

Boasting one mile of interstate frontage, White Oaks Business Park has been touted by many as the premier business park in West Virginia. Many business owners have taken notice as White Oaks is booming with activity.

Click on the button below to review more information about several projects currently under construction and stay tuned for Black Diamond's big announcement in the coming weeks.
103 Corporate Drive, Morgantown, WV

  • 5,700 (+/-) square feet available
  • 2,850 (+/-) square foot suite available on the first floor
  • 2,850 (+/-) square foot suite available on the second floor
  • Private offices
  • Large parking lot
  • Signage opportunities
  • Situated within the Chaplin Hill Business Park across from Mylan Park
  • Located 1.5 miles from 1-79, Exit 155
240, 250 Scott Avenue, Morgantown, WV

  • 240 Scott Avenue - 1 space available
  • 1,300 (+/-) square foot suite
  • 250 Scott Avenue - 3 spaces available
  • 180 (+/-) square foot suite
  • 475 (+/-) square foot suite
  • 1,775 (+/-) square foot suite
  • Spaces can be combined or subdivided
  • Excellent visibility along Scott Avenue
  • Located just 0.5 mile from Route 119, 0.6 mile from I-68, Exit 1 and roughly 1.5 miles from the I-79/I-68 interchange
130 Roush Circle, Fairmont, WV

  • 4,170 (+/-) square feet available
  • Located within Fairmont Industrial Park
  • One (1) 16' x 14' overhead door
  • 24' clear ceiling height
  • Office space
  • Yard area
  • Surface parking lot
  • Situated 2 miles off I-79, Exit 132
New Price: $750,000

201 Fieldview Avenue, Morgantown, WV

  • 6,000 (+/-) total square feet available
  • ~1 acre
  • 18' ceiling height
  • Two (2) 16' drive-in doors
  • Available for sale or lease
JUST CLOSED:  Black Diamond Realty is pleased to announce a successful closing on 518 Solomon Road in Morgantown, WV . The property consists of 61 acres of cleared land located roughly 1 mile from I-79, Exit 155, and is strategically positioned near the West Ridge Business and Retail Park, The Gateway, and The University Town Center. Contact Black Diamond Realty for more information and to see additional land offerings.

The team closed 15 transactions in Quarter 2 , twice as many transactions as Quarter 2,2017. Industrial continues to lead all sectors by transaction volume. We anticipate this trend to continue as oil and gas continues to expand in the region. Click on the button below to view all Quarter 2 closed transactions.      
We want to make it as easy as possible for our clients to find exactly what they are looking for. Whether it be for office, industrial, retail, land, or investment, we take pride in all of our offerings and believe each one has something special. Click the images below to see what's new in our inventory.  
“Real Service. Real Value. Real Results.”