Ready to sell a property in your portfolio? We got you covered.

“We were engaged by a long-term client to assist with selling a cash-flowing property with a value-add component.  The property went under LOI within 24 hours with a buyer that clearly saw the upside and opportunity.”

-Chris Miller

Deal Quick Look:

• Upside potential in investment

• 8.0% going in cap rate

• 12.6% proforma cap rate

The Property: The subject property is a two-tenant 13,362 SF retail strip center anchored by a Family Dollar. The lease had been recently extended by Family Dollar who occupies 8,322 SF with the remaining 5,040 SF vacant.

The Challenge: In conjunction with TNL’s affiliated company, Anthem Advisors, we were assigned to sell a property that had a space vacant for 12+ months. The landlord had been carrying the pro-rata expenses for the vacant space and wasn’t actively leasing the space due to time constraints with other assets in their portfolio.

The Solution: Anthem Advisors was able to study the market and produce a market rent to reflect the upside in the investment. The cap rate at purchase would increase by over 4.50% when the new buyer leased the space. We were able to go under contract with an investor that had experience with the local market. The deal closed successfully and on time.