The Five Elements

The Five Elements industrial sale
Client
  • The Five Elements
Space
  • 7,175 sq. ft.
Industry
  • Industrial
Locations
  • San Diego
Services Provided
  • Transaction Management
Cresa Team
  • Justin Walseth

Client Objectives

Evaluate Owner-User strategy to transition property to leased investment or execute a disposition at optimal market price.

Results

Cresa was engaged to help determine the financial objectives of a business owner exiting a business after 10 years of ownership. The asset had appreciated significantly, while the existing space had been subleased to two parties.

 

Cresa helped the business owner execute a strategy that provided flexibility, avoid immediate capital gains tax treatment through a deferred sales trust (DST), and yield a sales price of $274/SF. The transaction occurred during the onset of COVID-19 - Through a contracted phased release of the buyer’s deposit, the sellers were able to cause the buyer to perform with no reasonable ability to renegotiate on price.

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