Challenge
The shopping center in Vidalia, Louisiana was encumbered by liens that could only be resolved by way of a U.S. Marshal Sale. Additionally, the property was located in a rural area and had some lingering vacancies. Finding investors that would show up at a rural auction site for the property was our biggest challenge.
Action
In order to market the property effectively, Justin Langlois and Griffin Lennox with Stirling Investment Advisors utilized their extensive database of investors to target potential buyers. They also spent time with each prospective buyer discussing the financials and recommending steps to generate more cash flow. Each conversation involved a series of intricate analyses because each investor had a specific way in which it liked to underwrite deals.
Result
Langlois and Lennox juggled separate lines of communication with the seller and investors. Through their efforts, the following was achieved:
Testimonial
"We couldn't be happier with the sale of our shopping center in Vidalia, Louisiana. Not only did we receive more money than the list price, but the team at Stirling Investment Advisors was a pleasure to work with. Justin Langlois and Griffin Lennox were professionals and showed up as experts in their field. We highly recommend them to anyone looking to sell retail shopping centers." - Tim Sopok