Case Study: Achieving Success in a Multifamily Transaction
Challenges
The most difficult challenge was finding a buyer willing to meet the seller’s price expectations, while aligning with their timeline for reinvestment. The seller sought to reposition their equity into a triple-net (NNN) deal to reduce management responsibilities.
The Outcome
The key to closing this deal was maintaining consistent communication with all parties involved. Proactively managing every aspect of the transaction also aided this deal. By taking a hands-on approach and coordinating closely with the buyer’s and seller’s teams, we were able to address concerns and streamline the closing process. The team ensured all stakeholders were aligned, reducing friction and building momentum toward a successful outcome.
The result exceeded the client’s expectations. The team generated six qualified offers, ultimately selling the duplex for $250,000 above the list price. This not only provided the seller with a significant premium, but allowed for a to seamless transition into their desired NNN investment.
Matthews™’s tools and resources were instrumental in this success. Sales operations provided critical marketing support, ensuring the property received maximum exposure, while the legal team offered valuable insights during the purchase and sale agreement phase. These collaborative efforts helped secure a swift and favorable outcome for the client.
Client Testimonial for Manhattan Avenue
“I couldn’t be more pleased with the outcome of my sale in Hermosa Beach. Daniel Withers and the Matthews™ team went above and beyond to secure a deal that exceeded my expectations, closing $250,000 above the list price. Their communication throughout the process was exceptional, keeping me informed at every step. Daniel’s proactive approach and expertise made the entire transaction smooth and stress-free. Thanks to his dedication, I was able to transition into a triple-net investment seamlessly. I highly recommend Daniel and his team for anyone looking to achieve superior results in real estate.”
