Matthews™ Sells Louisiana Walgreens for $6.48M

 Ruston, LA – Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, brokered the sale of a Walgreens, located at 108 West California Avenue, Ruston, LA. The transaction was completed by Associate Grant Korn and Market Leader Maxx Bauman.

 

Matthews™ represented the seller after they could not reach the desired sale price in a previous listing with a different brokerage. Utilizing Matthews’ technology and marketing platform, the brokers sourced qualified buyers and offers that exceeded the client’s price expectations. During negotiations, the seller also experienced the power of excellent representation, receiving great offer terms.

 

“Our client wanted to take advantage of the strong single tenant net lease market and we knew we could find the right buyer at the right price point,” Korn said. “Using our click-to-sale technology, we saw which buyer viewed the listing the most, allowing us to predict which buyer had the most interest and the highest probability of closing.”

 

The buyer was looking to complete a 1031 Exchange with a long-term deal in the Louisiana area and with a strong credit tenant. They received an investment that fit within the price range and deadline of their 1031 Exchange.

 

“Our client’s and buyer’s goals were accomplished in this deal which is always the outcome we strive for,” Bauman said. “Although some challenges were faced in the closing process, as experts we were able to communicate thoroughly with both parties and close on time.”

 

For more information on this listing or to contact Grant Korn and Maxx Bauman, please visit www.matthews.com.

 

About Matthews™

Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Founded in El Segundo, CA, and strategically positioned with over 400 agents and support staff in over 13 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.