Land Sale – 1,300+ Acres!
To sell 1,300+ acres of vacant land consisting of 7 parcels as quickly as possible. The seller needed the funds for another transaction which required immediate funds. The seller had owned the site for over a decade but had ultimately decided not to develop the large waterfront site. Additionally, there were numerous title issues on the subject property due to matters of eminent domain, a lis pendens, and a mechanics lien to boot. Time was of the absolute essence in closing the transaction.
The CFO of our firm acted as the sole commercial sales broker on the transaction, obtained an all cash offer from a multi-billion dollar family office, and successfully closed the transaction in exactly 28 calendar days! The total sales price on the transaction was just under $14.6M.