Challenges: 

The +22k sq. ft. industrial/flex-space building was custom-built and used primarily for the builder’s  construction business and personal use. In the down market, there were no buyers attracted to utilize the space as an owner-user. The following were the conditional challenges: 

Meet the bank’s requirements regarding disposing of the property within the particular timeframe and for the market’s best and highest value. 

Work congenially with the then-current occupant (the occupant was an owner-user builder) to have company’s staff cooperation while marketing/showing the property. Subsequently, have all personnel and equipment or personal items vacate premises in a timely manner without incurring damage to the property. 

Secure a patient buyer. 

 

Solutions: 

Utilizing our personal network and market knowledge, we learned of a local national occupier needing larger office and industrial space with particular ingress/egress for annual distributing activities. During this annual event, they would distribute product to all their suppliers within the San Bernardino County. San Bernardino County is the largest county in the United States. 

We secured the national tenant’s lease with the investor purchasing the foreclosed property all within each respective party’s timeframe. 

 

Results: 

• Represented Bank and Sold REO Commercial property for top dollar within specified timeframe to Investor. 

• Represented Investor in the purchase of a secured leased building. 

• Represented both the Investor (now landlord) and National Occupier in a long-term lease.