Whether it be a vacant building or small shop within a shopping center, we pay attention to detail in analyzing the highest and best use of the asset. Past tenants leased to and/or represented by our firm include Food Lion, Michaels, Pier One Imports, Talbots, Burke’s Outlet, Ross Stores, Rent-a Center, Shoe Show, Rack Room and many other national tenants.
Vacant land, vacant buildings, multi-tenant shopping centers and single-tenant buildings are all part of our portfolio of brokered assets for our clients. We have represented both retailers and investors alike in disposing of commercial assets in an efficient and maximum-value approach. Market understanding, local completion and general market fundamentals are all incorporated into a well-thought disposition plan.
From vacant land parcels and single tenant NNN properties to large, multi-anchored shopping centers, we have brokered over $150,000,000 in commercial closings. Understanding the client’s investment criteria is key to finding the right investment asset. And when selling an income producing asset, we strive to know the current market conditions, prevailing interest rates and whether to solicit bids or to negotiate with well-known buyers of the specific type of asset.
While not an appraisal firm, occasionally IP can provide insight into a property’s approximate value from an income approach of an asset’s known financial history and current economics, as well as to point out other considerations that may impact the overall economics. This information is useful for a client who is considering selling an asset and needs a general range of value before making the final decision.