JON-MICHAEL BROCK REPRESENTED THE SELLER IN A $2.93 MILLION DEAL IN LADSON, SC

Overview

• Industrial Warehouse in Ladson, SC
• ± 35,078 SF
• Investment Sale
• Sale Price: $2,930,000 ($83.53 PSF)

The Client

GBL Holdings, LLC

The Challenge

A few challenges presented themselves. First, the site was owner-occupied. Second, we needed to achieve a sale-leaseback at a favorable rate for both buyer and seller. The goal was to get the seller cash upfront while simultaneously allowing him to continue running his business. Lastly, the building is a multi-tenant building, and the other tenant was paying far below market rate. 

Our Approach

Our relationship with the owner began with a cold call in 2018 and for the last two years, we have followed-up with him on a regular basis. We pitched our broad range of capabilities, including our international network, reach, and extensive client database, as well as Jon-Michael’s expertise in industrial sales. 

The Outcome

Jon-Michael pitched the opportunity to a new client and after only six days on the market, he presented the sellers with an offer and a sale-leaseback was agreed to by both parties. Ultimately, having a relationship with the buyer and seller resulted in minimal disruption to the seller’s business. The transaction was executed smoothly and quickly and both sides were very pleased.