Through its relationships in town, Maven Commercial Real Estate became aware that Decksource had outgrown its industrial condo unit in the south end of Barrie. To continue to run their business effectively and to scale, the client desperately needed a larger building. They engaged our services to guide them through the steps to achieve their goal of finding 7,000-10,000 SF to all growth room for their business. Through one year of thorough searching, it became clear that the right fit was only going to come through building a custom building to accommodate the business’s operational needs.
The client lived just north of Barrie in the next township over and was aware of a quiet industrial park that had been sitting with no activity for years. They asked about that parcel, and Maven went to work with them to secure the 30.115 acres of a site plan approved lots. This was way bigger than what they initially thought they were pursuing, but Maven was able to help them structure the acquisition and advise on a re-sale plan, assuring them of our ability to deploy the plan into action!
Deciding to hold back 4.6 Acres for themselves, the client entrusted our firm to re-sell the lots as we had advised we could: to sell the lots for 3 times the price that they paid for the land. We got to work, leveraging our relationships and knowledge of the area and market to share the good news of the availability of more industrial zoned land for the market, which was severely tight at 0.76% Vacancy!
Results & Benefits
We offered the parcels in various sizes (and prices) to appeal to smaller and larger businesses. By targeting small and large businesses, we could drive more traffic to the area, ultimately driving prices up. From the time they closed on the 1st tranche of the land to re-selling the lots of the 2nd tranche, our client not only achieved re-selling the properties for almost triple the price paid but also kept back 4.6 Acres for their own business use without having to pay for it!
Contact us today and discover the difference expertise in COMMERCIAL real estate makes.