MAXIMUM VALUE, A DECADE IN THE MAKING
CP Partners initially presented a proposal on this grocery-anchored shopping center in 2012, but the timing wasn’t right. In 2019, our team learned of the impending loss of the anchor tenant, so we reached back out to the owner.
PUTTING THE OWNER’S INTERESTS FIRST
We started by sharing intel on potential replacement anchor tenants and repositioning strategies for the outparcels. The owner ultimately favored a sale, and our willingness to put his needs first earned us the opportunity to present offers.
THE POWER OF AN EXCLUSIVE LISTING
We activated our buyer network, but the offers were shy of the owner’s aggressive price target. He agreed to list the property, and we priced it $1.5M above the highest off-market offer. Within two weeks there were 6 offers on the table.
DELIVERING A WIN FOR ALL PARTIES
The owner favored a quick sale, so we worked the offers, pinpointing a buyer willing to go nonrefundable within 17 days. We exceeded the seller’s goals, and helped the buyer improve their financing by selling off outparcels prior to close of escrow.
