Listen to Our Blogs1349 Sunday Drive: Maximizing Value in Investment Sale and Asset Disposition
Client Profile:
John Guy, owner of a 13,356 SF office-industrial building in Indianapolis’s south submarket, faced the decision to sell his specialized property. The building’s unique features, including a commercial kitchen and freezer/cooler units, made it an ideal candidate for an investment sale.
John Guy & Allies Partnership:
John Guy turned to Allies Commercial Realty for expert advice on the sale of his property. Our team’s strategic guidance was instrumental in positioning the building in the market to maximize its value and attract the right investors.
Opportunity and Challenge:
John Guy’s property presented a unique set of challenges that influenced its sale prospects. With only three years remaining on the existing lease, the building’s appeal to investors was potentially limited. The facility’s specialized nature, predominantly used for a food brokerage business, meant its functionality was tailored and less ideal for general use. Additionally, the requirement for several repairs and updates prior to sale added layers of complexity to the disposition process, necessitating a nuanced approach to maximize its marketability and value.
Analysis:
Allies Commercial Realty conducted a thorough analysis of the property’s potential in the investment market. Recognizing that selling it as an income-producing asset could command a higher price than an owner-occupied sale, we advised putting the property on the market earlier than traditional timelines.
13,356 SF office-industrial building in Indianapolis’s south submarket, IN
Our Success Stories:
- Identified the property’s unique selling points to attract investor interest.
- Created a compelling market presence for the property, attracting multiple offers.
Results:
- Successfully sold the building within the projected timeframe, alongside a second property for John Guy.
- Achieved several offers within two months, negotiating the highest possible sale price.
- Managed the entire due diligence process, ensuring a seamless transaction.
- Delivered a highly profitable outcome for John Guy, exceeding his expectations.
Conclusion:
The sale of 1349 Sunday Drive exemplifies Allies Commercial Realty’s expertise in handling complex investment sales and asset dispositions. Our strategic approach, combined with our deep understanding of market dynamics, allowed us to successfully navigate the challenges and secure a profitable deal for our client, reaffirming our commitment to excellence in commercial real estate transactions.
I would like to thank Adam and his team for their hard work, diligence, and market expertise through the process of selling my 13,356 SF property at a price I was exceptionally pleased with. He did exactly what he said he was going to do and more. I would recommend Adam and his team to anyone needing help selling their property.
John Guy
President
In Other Case Studies
Tubelite: Effective Tenant Representation for Lease Renewal in Indianapolis
Tubelite, leasing a 19,200 SF office-warehouse space in Park 100, Indianapolis, faced the challenge of renewing their lease amid a global pandemic.
Read More
Spectrum Janitorial Supply: Successful Asset Disposition in a Challenging Market
Spectrum Janitorial Supply, experienced significant changes after selling their company to Nichols Paper & Supply in 2015.
Read More
Dana Mannix Gymnastics Center: Strategic Expansion and Lease Negotiation in a Rising Industrial Market
Dana Mannix Gymnastics Center is a premier gymnastics facility dedicated to providing high-quality
Read More