Property One was retained by a local investor to locate and identify triple net leased investment properties. The primary criteria was to identify a stable low risk asset with maximum cash flow. At the time, the market for such properties was very competitive due to intense demand from other investors in search of similar assets.
Our professionals scoured the market, utilizing local and national relationships to uncover an off market property that the ownership would agree to sell. After demonstrating to the owner the advantages of capitalizing on the market conditions, some coaxing and much negotiating, this $6,000,000 asset was sold to our client at an attractive capitalization rate, providing many years of investment income from a stable tenant.