Client 1320 Air Wing Rd
55,000 sq. ft.
1320 Air Wing Rd
Evaluate Owner-User strategy to transition property to leased investment or execute a disposition at optimal market price.
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.