Green Commercial Realty

Successes

WOODCRAFT/PLAY IT AGAIN

Marco Machinery becomes The Center at Boones Creek

The owner of this property came to us seeking alternatives for his property. He sought to maximize use, receive passive income, and achieve a stable income stream. After assessing location, site and building characteristics, and market dynamics, we recommended moving his machine shop to a less commercialized area and conversion of his property to retail use. The owner did a good job supervising renovation of the existing structure and plans to construct an additional building in phase 2. We leased the 12,000 square foot building in less than a year - during its renovation.

EZ PAINTER

Corporation Seeks Maximum Price and Minimum Marketing Time

Operations had ceased months before our initial contact, and the last of the machinery was being crated when our co-listing agreement was executed with the company’s national real estate representatives. After we provided a competitive market analysis including recent comparable sales, the asking price was set and marketing efforts began. The sale was CLOSED within 6 months of the listing date, at a price within 15% of the asking price.

BUILDERS FIRST SOURCE

Unique Property Demands a Fresh Approach

This property was listed with another local broker for over a year before repeated graffiti, vandalism, and liability issues impacted the absentee owners. Within 3 months of our listing date, a lease/purchase agreement was negotiated, and the new owner took occupancy. The building received a fresh coat of paint and a fresh start. When the lessee reneged on the lease, we placed a subsequent like-kind user in this property within 3 months and the seller closed the sale prior to fiscal year end.

LIVIN’ ON THE EDGE

Maximizing Value – Preserving Opportunity

The owners of this 9-acre tract speculated on its periphery growth location when they bought it several years ago. They needed our help with its optimal subdivision to achieve the maximum value and the most efficient sell-out. After assessing physical characteristics, the competitive market, and neighborhood trends, we have expedited the sale of several lots and achieved an aggressive price increase on the remaining portions.

BOONES CREEK OFFICE

Investment Property – Use a 1031 Exchange

The investor in this property selected our firm based on our investment credentials (CCIM) and valuation experience (MAI). After sourcing 6-8 properties for his consideration, we negotiated on his behalf to acquire this fully leased office park. We helped him complete his exchange within his time requirement and buy the property at a 10+ cap rate. We now handle leasing and management functions for him.

WINN DIXIE KINGSPORT

Mortgage Investor gets Groceries

The lender received the keys to this property along with a list of tenant improvements required before the grocer would entertain lease renewal. The lender was located 3,000 miles away however, and needed local representation. We have assisted with addressing tenant concerns, arranged competitive bidding, and implemented the new owner’s maintenance regimen-all to facilitate the renewal of the tenant’s lease and preserve the lender’s yield.

	EZ PAINTER Corporation Seeks Maximum Price and Minimum Marketing Time Operations had ceased months before our initial contact, and the last of the machinery was being crated when our co-listing agreement was executed with the company’s national real estate representatives. After we provided a competitive market analysis including recent comparable sales, the asking price was set and marketing efforts began. The sale was CLOSED within 6 months of the listing date, at a price within 15% of the asking price.
	BUILDERS FIRST SOURCE Unique Property Demands a Fresh Approach This property was listed with another local broker for over a year before repeated graffiti, vandalism, and liability issues impacted the absentee owners. Within 3 months of our listing date, a lease/purchase agreement was negotiated, and the new owner took occupancy. The building received a fresh coat of paint and a fresh start. When the lessee reneged on the lease, we placed a subsequent like-kind user in this property within 3 months and the seller closed the sale prior to fiscal year end.
	LIVIN’ ON THE EDGE Maximizing Value – Preserving Opportunity The owners of this 9-acre tract speculated on its periphery growth location when they bought it several years ago. They needed our help with its optimal subdivision to achieve the maximum value and the most efficient sell-out. After assessing physical characteristics, the competitive market, and neighborhood trends, we have expedited the sale of several lots and achieved an aggressive price increase on the remaining portions.
	BOONES CREEK OFFICE Investment Property – Use a 1031 Exchange The investor in this property selected our firm based on our investment credentials (CCIM) and valuation experience (MAI). After sourcing 6-8 properties for his consideration, we negotiated on his behalf to acquire this fully leased office park. We helped him complete his exchange within his time requirement and buy the property at a 10+ cap rate. We now handle leasing and management functions for him.