135 North Chestnut Street, New Paltz, NY
The Challenge
The owner of this property had recently sold his business. As part of the sale, he entered a long-term lease with the buyer. However, after completing the sale, he reconsidered his position and decided that selling the real estate would be more favorable. Seeking expert guidance on pricing and an estimated timeline for the sale, he engaged SVN for strategic recommendations.
The Plan
Given that the building was fully leased with a stable long-term tenant, we consulted our SVN Net Leased Asset team and leveraged our market expertise to determine a competitive offering price aligned with the owner’s desired timeline. To maximize exposure, we executed a comprehensive email marketing campaign targeting our database and showcased the property at key industry events, including NYSCAR (New York State Commercial Association of Realtors), CCIM, and other affiliated organizations.
The Result
We successfully secured multiple offers on the property and counseled our client toward what we believed was the strongest offer to close. The transaction closed smoothly, matching our initial expectations regarding both market time and sale price.
