Acquisition Single-Tenant Vacant Building
Midwest acquired a vacant property on an attractive basis in a highly-desired submarket in a high-end demographic location.
- Closed all cash in just four days from contract signing and two weeks from initial property tour.
- Manage all facets of design, permitting, and construction for the ongoing exterior and interior improvements to the building including demolition, spec office, and several warehouse improvements.
- Secured the challenging municipal approval of “Class 6b” property tax incentive effectively cutting the taxes by 50% over twelve years.
- Stabilized the tenancy by securing two, quality corporate tenants to long-term leases.