Westwood has helped thousands of clients in the procedure of buying and selling for years. Many successful real estate deals and even happier clients are part of our 30-year story!
Read on and find out what makes our team unique among many commercial real estate agencies.
Below is an analysis of the entire process of a commercial real estate property in Rockford, Illinois. You will find out how the buying process went, from establishing communication to discovering the necessary details, to documentation and terms of the agreement.
This case study is written for the purpose to help you get a grasp of how a client bought a commercial real estate property owned by Steak N Shake with the assistance of Westwood Net Lease Advisors.
Process
To get in touch with Westwood Net Lease Advisors, the client completed the free online consultation form which is available on the Westwood website. He was interested in buying a commercial real estate property in Rockford, Illinois.
Vince Vatterott, our real estate broker, collaborated with the client and showed a great number of commercial real estate properties which fell within the property specifications as the client has requested. But the client was attracted to a particular property, mostly because of its great location, that was in use by Steak N Shake.
The real estate broker and the client had several meetings to discuss the price of the real estate property and to agree on a price that will work for both the buyer and the seller.
After several attempts to negotiate the right deal, the deal was successfully sealed at $1.7M with a 6% CAP rate. The seller and the buyer were both satisfied with the outcome.
In the deal, the buyer will be liable for any tenant improvement allowance obligations. The customers of the tenant would have access to many other amenities nearby. The property was in high demand because it is very well located.
This example describes one of our successful deals and proves how Westwood Net Lease Advisors can help you find what you are looking for.
Please do not hesitate to contact us anytime you need some information and advice. The Westwood team is always open to answer your questions.
Westwood Net Lease Advisors is a privately-held commercial real estate company with more than 18 years’ experience in the market. Led by senior executives with huge expertise in the market and with hundreds of successfully-closed transactions, we have managed quality investment portfolios with up to millions in asset value.
For more information, please visit our website and fill in the free online consultation form. One of our brokers or agents will soon get back at you and arrange a time to discuss any of your concerns and goals.
Note: Westwood Net Lease Advisors does not charge the buyer for its services.
