CRESCO Real Estate was hired by the Seller, through a referral, to dispose of a 180,000 square foot manufacturing building that was situated on 5.42 acres.

Approach

• Formulated an effective marketing plan to dispose of current asset.
• Determined the property value, reconciled results and improvement benefits to prospect.
• Exposed the property to the market through print and electronic media.
• Coordinated with the Ownership to sell the property, while navigating between equipment auctions and shuttering the facility.

Results

• Through the marketing plan, exposed the property to a user located in the surrounding neighborhood.
• Encouraged the Buyer to submit an offer that was worthy of consideration.
• Negotiated between the Buyer and Seller to obtain an acceptable sale price.
• Worked with local authorities and the Buyer through the due diligence period to make any modifications necessary for the building to be acceptable to the Buyer.