Commercial
Senior Housing
When the owner of this independent living community passed away, his estate hired a chief restructuring officer (CRO) to assist it in managing a pre-bankruptcy situation.
- Sale Price
- $5,250,000
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Commercial
This vacant, bank owned, approximately 177,000 sf industrial building set on 55 acres presented multiple disposition challenges.
This vacant, bank owned, approximately 177,000 sf industrial building set on 55 acres presented multiple disposition challenges:
The AW team recommended an asking price of $350,000 (given the roof condition and other challenges this property posed) and aggressively marketed the property for sale, targeting owner user buyers.
The AW team received several offers from owner user buyers and connected them with local government contacts to pursue tax abatements and building and zoning code changes. The AW team ultimately achieved a 30 day cash close and satisfied the bank’s need to get this property sold. The sale also benefited the village by saving a manufacturing facility that the buyer could repurpose and put in use, creating new local job opportunities.
Comparable Work
Commercial
When the owner of this independent living community passed away, his estate hired a chief restructuring officer (CRO) to assist it in managing a pre-bankruptcy situation.
Commercial
The owner of this vacant, approximately 95,512 sf former medical building set on 10.04 acres originally had purchased it with the intent of converting it into a trampoline park
Commercial
This approximately 110,000 sf, former AT&T call center building in Livonia, Michigan had been vacant for several years.
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