Business Owner, Property Owner
Positioning a commercial property for sale involves establishing if it’s an owner user property, an investment property, or a combination of both. Determining the highest potential ROI and best use involves an analysis of the existing leases in place, capitalization rate and any vacant space. On occasion, clients need to liquidate a property before existing subleases expire. We can help manage such listings to ensure the building is properly positioned, priced and negotiated for the new owner to take possession and either occupy any remaining portion to operate their business while receiving income or acquire the property as an investment.
For years, a family business thrived in a giant Greenlake office space. As their business grew more efficient and they needed less and less office space, they gradually sublet unused offices to other tenants. While this robust shared office space thrived for years, when it made more sense to sell the entire property, City Closers was their broker of choice. We structured a deal that honored the leases of the existing tenants, while allowing our clients to quickly close the sale, liquidate their assets, and move forward with streamlining their business. Meanwhile, a piano school purchased the property and moved in, furthering the richness of Greenlake’s amenities and prominent businesses.