Maximizing Value: A Garden Office Building Sale in Baton Rouge

Challenge
The main challenge faced by the seller was to find the right buyer for their garden office building located at 10543 N. Glenstone Place in Baton Rouge, Louisiana, within a very short timeframe. Another challenge was to achieve a sales price that was at or above market, reflective of the property's value. The final challenge was achieving all of this over the Christmas and New Years holidays.

Action
To address these challenges, Justin Langlois, CCIM and John DeArmond took several key actions. They utilized their extensive database of office owners, tenants, and CRE brokers to target potential buyers who were interested in the property's location and features. With guidance from Justin and John, the seller priced the property appropriately based on its value and market conditions, which helped attract qualified buyers. Langlois and DeArmond negotiated offers with multiple potential buyers to secure the best possible offer.

Results
As a result of these actions, the property received multiple offers to purchase in the first week of marketing, which is a great result.

• The seller achieved a sales price that was within 97% of its list price, indicating that the property was priced appropriately and that the negotiation process was successful.
• An aggressive marketing campaign resulted in five (5) property showings within days of listing the garden office
• The property was sold in four (4) weeks, which saved time and resources for the seller

Testimonial
"I had a great experience working with Justin Langlois and John DeArmond to sell my garden office building in Baton Rouge. Their targeted marketing approach and extensive network of industry professionals helped attract qualified buyers quickly, resulting in multiple offers to purchase in the first week of marketing. I highly recommend these guys!" - David Marcantel