Vital to achieving successful real estate investment transactions
Challenge
Stirling Investment Advisors developed a relationship calling on a potential client for years. Although a deal didn’t initially ensue, the client recently contacted us to enlist our help in selling an O’Reilly Auto Parts retail store he had developed in Amite, Louisiana. The client’s goal was to sell the store with seven years of remaining lease term in order to purchase a brand new 15-year Dollar General store. Our challenge was to secure a buyer and transact very quickly within a condensed timeframe to achieve our client’s exchange timeframe.
Action
The SIA team immediately reached out to a very select few qualified buyers we keep in regular contact with and secured a public REIT, who had targeted this type of property for acquisition. Because of our existing relationships with both the buyer and seller, we obtained an agreed-upon LOI in two weeks with a purchase agreement shortly after—and the property never actually hit the market.
Result
Our core focus on building and maintaining client relationships equipped us with a robust, up-to-date investment sales pipeline, which ultimately led to our success.
- We secured a purchase agreement with a 21-day inspection period and a 20-day close.
- We were able to put the deal together and close, meeting the seller’s short exchange timeframe.
- Our client was able to purchase the Dollar General investment property the following week.
Testimonial
“Stirling Investment Advisors stayed in touch with me over the years, so I reached out to them when I needed help selling a retail property in my investment portfolio. I needed to transact in a very tight window to take advantage of another real estate opportunity. The SIA team’s speed, relationships and connections were incredibly successful in helping me to achieve my goal of purchasing another great investment.” -Scotty Jenkins
