Sale Date: August 7, 2015
Price: $1,650,000
Price PSF: $149.32
Scott was approached by a 1031 buyer that wanted a safe value add property in the Elkhorn Market. At the time there were not any properties actively for sale. Scott hit the phones and called all the owners and brokers in the area and found an off market deal that fit his client’s 1031 needs. It was a 90% leased center with a Letter of Intent out on the final bay, the property had a great tenant mix, good visibility from 204th street, and lots of curb appeal. The challenge on deal was that it would only be sold with the excess 30,500 SF of pad site land to the south of the property. Once the deal closed we put the pad site on the market and had it under contract in 45 days for asking price. This was a great deal for all parties involved.
