Challenges
The Quarters Shopping Center in Central, Louisiana hit the market earlier this year at a time when buyers were facing rising interest rates and skyrocketing insurance premiums. Both factors ultimately limited the pool of qualified investors.
Actions
Justin Langlois took a multifaceted approach to address the challenges faced at the Quarters Shopping Center. First, Langlois devised a strategic marketing plan in close collaboration with the property owner. This included creating eye-catching marketing materials and leveraging online platforms to increase visibility. Simultaneously, the team at Stirling Investment Advisors (SIA) tapped into its extensive network and industry relationships to target potential buyers who had a specific interest in commercial properties in South Louisiana.
Additionally, SIA conducted a comprehensive analysis of the local real estate market to better explain the dynamics of the list price and why those dynamics aligned with the prevailing market conditions. Finally, Justin and his team emphasized the unique architectural elements and the advantages of the Quarters Shopping Center, further enhancing its appeal.
Results
The combined efforts and strategic actions taken produced remarkable results. Justin Langlois received multiple offers within a short period, indicating a sincere interest in the Quarters Shopping Center. The seller and the team at SIA successfully negotiated a sale that was within 5.50% of the list price, ensuring a favorable outcome for the property owner.
This transformation from a property facing market challenges to becoming a sought-after investment opportunity in Central, Louisiana underscored the effectiveness of SIA’s approach and the dedication of its team.
Testimonial
"Justin has been my commercial real estate advisor for over 15 years. I’ve always put my trust in his guidance, and he was instrumental in attracting multiple offers for my shopping center. I highly recommend Justin and his team at SIA to anyone looking to sell or invest in commercial real estate."
- Jeff Couvillion