I have had the pleasure of working with some of the most elite real estate investors in the world. There is always a trend in what they are asking me on “product.” What’s the NOI? What’s the Cap rate? It’s all legitimate questions and should be asked. Those are the things that all investors should be asking when trying to underwrite any deal. There are many metrics that go into looking into a real estate investment deal. There is the most important metric. The location. There are good ones and really bad ones. I have a case study for one that is a great deal I found for the client that was in need not only for high visibility, enough space and aesthetics for their entire operations to be housed and create a great look for the company. James the owner was dead set on this location and had been eye-balling it weekly. He had done more due diligence than anyone I had ever met. He said it was perfect and had already walked through it a few times and fell in love.
We were able to work the price down on this building and created huge value for the buyer, our client. With the building checking out and everything going smooth we had ourselves a deal. It was a match made in heaven. The paper work was all drawn up and James, the new owner, was ready to seal the deal to get his auto body repair shop rolling in their new building. “The Purchase of this property is a game changer for us at this day and age.” stated owner of Hail restore OKC – James.
James ~ “We feel this will allow us to expand and have the professional face on a busy interstate that we feel is an example we hold as a pinnacle of excellence in our company. This will be a great headquarters location for our ever growing company and allow us to be the leaders as deemed by our clients.”
This is a revolutionary sell for us at Selecto-properties as well as a great purchase decision for Owner of Hail Restore – James McElhany.
There is a great feeling when you know you have helped someone else achieve a dream and knowing you have created value for the client as well.