Sold
835-837 & 849 Texas St
835-837 & 849 Texas Street, Fairfield, CA 94533
835-837 & 849 Texas Street, Fairfield, CA 94533
Scenario:
The Client wanted to sell this investment property with a long term tenant in place. The tenant's business was thriving and the location was performing very well for them.
Actions:
We had professional photos taken of the exterior and interior of the property. We priced the listing to reflect the market value and the CapRate (annual return on invested capital) available to a Buyer. We created a comprehensive Offering Memorandum for Buyers to review. We promoted the listing to our database of commercial investors.
Results:
After multiple inquiries from potentially interested parties, we were approached by an experienced investor that could see, in addition to the attractive annual cashflow generation of the property, could also see the medium and long term potential of the property for capital appreciation, especially given the economic growth trends in downtown Fairfield.
We secured the asking price for our Client.
Fairfield is a well located city with plenty of commercial properties to suit all industries, and a wide variety of residential properties.
ExploreGet assistance in determining current property value, crafting a competitive offer, writing and negotiating a contract, and much more. Contact me today.