Property One, Inc. is pleased to announce the successful sale of a 5,127-square-foot commercial property in Hammond, Louisiana, with Property One broker Mike D’Amico representing both the buyer and seller.
Originally designed for two tenants, the property was fully occupied by a single tenant, creating a unique dynamic for both parties.
A Strategic Shift
The seller was looking to streamline their portfolio and entrusted Property One to strategically position and market the property.
The property was initially marketed as an income-producing investment. As the tenant’s lease approached expiration, Property One adjusted its strategy and repositioned the property to target owner-users.
This shift expanded the potential buyer pool and helped create the right opportunity for the property.
Knowing When to Pivot
The successful sale demonstrates the importance of understanding the market and being willing to adjust a marketing strategy when circumstances change.
After approximately one year on the market, the property sold, meeting the seller’s goals and demonstrating the value of a flexible, market-focused approach.
Congratulations to Mike D’Amico and everyone involved in the transaction!
