Skyline Professional Center

shutterstock_70306714.jpg

Case Study Overview


IAG Commercial assembled an ownership group to purchase a 25k sq ft office building out of receivership. The building was 40% leased and is now at 97% leased and providing strong positive net operating income for the investors.

Goals

To create an opportunity for investors that desired to support IAG Commercial’s investment opportunities.

Challenges

A 25K sq ft suburban office building was 40% leased and in need of capital. The suburban office market was recessed and the future demand for office space was being redefined.

Solution

IAG Commercial assembled a group of investors to purchase the building out of receivership. The initial capital required was extensive to cover capital, tenant improvements and carrying costs during the period of negative cash flow. The building benefited from a strong location, free parking and walk-able amenities that are unusual for many suburban office buildings.. Through proactive marketing (and a bit of patience) the building achieved 98% occupancy and a strong net operating income for the investment group.

shutterstock_79092358 (1).jpg

Looking for a project like this?

Set up a meeting today with one of our team members to discover your options.