CRESCO represented the Seller of a thirty (30) acre land parcel. After reviewing the site, CRESCO recommended a wetland study along with soil tests to evaluate any adverse conditions that would prohibit the sale of the property.

Approach

• Recommended that the Owner complete the testing and remediation of the thirty (30) acre parcel.
• Conducted a market survey to identify the most suitable use for the property.
• Worked closely with the local municipality to design a specific marketing campaign to attract capable developers who were most likely to win planning approval of the property.

Results

• Attributes to success include: Identifying negative site conditions and educating the Buyer and Seller as to the problems that would arise.
• By identifying and evaluating site conditions early on, the Seller was assured of a considerably higher probability of closing.
• Seller obtained fair market value for land within an acceptable amount of time.
• Site was placed under contract with a developer and the deal closed in a timely fashion with minimal complications.