Disposition
Disposition
KRESS BUILDING
Kress Building- Downtown Seattle, WA
- Hired to exclusively offer for sale a 140,000 SF retail and office building
- Significant limitation was the fact that we could not bring the property to market
- Procured a buyer through directly contacting a dozen REITs
- Successfully closed the transaction and achieved market pricing as price was bid up
1031 Exchange
HOOTERS
Hooters - Tacoma, WA
- Consulted the operator on maximizing property value through lease structuring
- Structured the lease to maximize property value and not over-burden the operator
- Increased value by 15%
- Procured a buyer through our 1031&DONE exchange program
- Successfully closed at 96% of list price
Disposition
WALGREENS
Walgreens – Fayetteville, NC
- Investment disposition contingent on existing loan assumption
- Deal qualified for a severely decreased buyer base
- Listed at a market competitive cap rate
- Directly procured buyer through our marketing platform
- Managed a complicated and 5-month long assumption process
- Successfully sold at 99% of list price
Disposition
TUTOR TIME
Tutor Time- Gilbert, AZ
- Listed the property at a cap rate 125 basis points below any other historic market comparable for Tutor Time
- Tutor Time had a stigma of a bad investment due to increased store closings
- Procured a buyer directly within 7 days of listing
- Achieved a new all-time record cap rate for Tutor Time nationwide
- Sold at 97.7% of list price