How Matthews™ Agents Closed Gables End Plaza in Record Time

Challenge

The seller was motivated to complete the sale ahead of his loan maturity date, which required refinancing by June. The agents successfully identified a qualified 1031 exchange buyer and executed a smooth 60-day escrow process, closing within the seller’s required timeframe. This transaction exemplifies how strategic execution and deep market knowledge can create a win-win outcome for both buyer and seller.

 

Strategy

Matthews™ agents Grant Steinberg & Rob Goldberg responded decisively by leveraging their market insights and relationships. Steinberg and Goldberg identified a prior client from a Costar list of recent Florida sales who was actively seeking a replacement property to satisfy his 1031 exchange. This buyer, already familiar to the agents, was not only qualified but also motivated—particularly drawn to Gables End Plaza’s recent renovations and attractive cap rate.

 

Steinberg and Goldberg moved swiftly, sourcing the buyer, going under contract, and closing with the first group to enter escrow. Their familiarity with both the buyer’s and seller’s timelines enabled a seamless and strategic execution.

 

Result

The transaction successfully closed for $5,500,000 or $295 per square foot. Matthews™ agents Steinberg and Goldberg delivered a strong outcome for both parties: the seller achieved his objective of closing before the loan maturity, while the buyer satisfied a 1031 exchange requirement with a well-positioned, income-producing asset. This case exemplifies Matthews™’ commitment to high-efficiency deal-making through market expertise, relationship-driven brokerage, and an unwavering focus on client goals.