Challenge
Located in the strongest industrial submarkets in the Atlanta metro, Orr Custom Cabinets is a viable property with the demand for industrial space on a continuous trajectory. The industrial asset is located by multiple major highways and can be accessed by two major streets, the property sees roughly 76,000 vehicles per day. After recently selling his business, the seller retained the real estate through a sale leaseback transaction and was looking to place unlocked capital.

 

Strategy
By utilizing Matthews™ industry-leading click-to-sell technology, proprietary marketing, and unmatched effort on behalf of the industrial team, multiple offers were generated. After gaining attention from in and out of state buyers, a prospect familiar with the area had to pay a competitive price. The buyer owns another property in the Norcross area and was in the midst of a 1031 Exchange.

 

Results
Matthews™ aided in structuring a 10-year lease for the current tenant and brokered the real estate sale on behalf of the buyer. The property traded at an aggressive price per square foot, a record compared to other industrial properties in Norcross, GA. Thanks to the diligent work of the Matthews™ team, both the seller and buyer came to a mutually beneficial outcome.