Coldwell Banker Commercial McGuire Mears & Associates represented both sides in the 6.52% cap rate transaction transferring ownership of the building located at 2747 Milwaukee Rd in Beloit.
The ownership group listed the property at an aggressive 5.50% cap rate, hoping to maximize their income potential after Buffalo Wild Wings recently renewed their lease for five more years.
Broker Adam Shultz got to work identifying and contacting potential investors and market influencers, spreading the word that the property had been listed for sale. Marketing Coordinator Adrian Graham produced an extremely in-depth offering memorandum, helping to highlight the numerous benefits of the property to potential buyers and interested parties.
- Successfully negotiated the building purchase and sale agreement at a 6.52% cap rate.
- Helped the owners realize maximum sale price potential and unlock equity that could be put to use on future projects.
- Brought a new investment group to the Beloit real estate market.
"Adam Shultz did a great job being the glue that held the deal together while representing both sides of the transaction. In the end, we were very happy with the result and sale of this building, and we look forward to putting the proceeds to work in a future transaction." - Tom Lasse, Owner