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Darwin Realty & Development Corporation
Seller Representation
Palatine, Illinois
71,100 SF
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Challenge
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- User/Investor purchased the building and occupied one space out of five units. The building had deferred maintenance and short-term leases.
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Action Steps
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- Darwin Realty was instrumental in writing long-term leases with tenants and bringing the occupancy up to 100%.
- Established a stabilized long-term income stream with a physically improved building which allowed the Buyer/Investor group to sell. The sale price netted the investor group 100% profit on their investment in eighteen months.
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Results
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- The Purchase price was in excess of $3,400,000.
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