For Immediate Release
Charlotte, NC (August 9, 2021) – Sands Investment Group (SIG) announced closing on two DHL Express properties located in Greenville, South Carolina and Raleigh, North Carolina. The transactions both brought in multiple offers within one week of listing and achieved cap rates below 6.00%.
Both industrial properties represented rare product listings with highly specialized properties, each with over 205 loading dock doors designed for DHL Express operations. This specialization helped alleviate some of the challenges for the buyer around risk mitigation and ensuring the longevity of tenant occupancy.
The Greenville property is located in a rapidly growing market, and the property was under contract at asking price less than one week from securing the listing.
Marketing was not permitted for the Raleigh property, but given the opportunity, SIG was able to work with the seller to supply three off-market offers within a one-week timeframe. One week later, the property was under contract and an LOI was accepted and the property was under contract. The DHL lease only had one year remaining, so the SIG team reviewed old lease records for industrial single tenant leases in the Raleigh area to show the high chance of finding a new tenant if the lease wasn’t renewed.
SIG broker Wyatt Groseclose sourced both listings and leveraged the SIG platform to find the right relationships for a high-profile tenant. Buyers who had been contacted for other deals were secured by Michael Smith allowing them access before the properties hit the market.
“We demonstrated that SIG was able to generate buyer interest at premium asking prices due to our relationships, platform, and knowledge of the industrial market,” Groseclose said. “This allowed us to find the right fit for highly specialized properties and provide a successful outcome for both the buyers and sellers.”
About Sands Investment Group: Sands Investment Group is a commercial real estate brokerage firm that specializes in the buying and selling of net lease properties for private investors and institutions across the United States. Since its founding in 2010, SIG has closed over 2,800 plus transactions worth more than $5.5 billion in 48 states. Advisors with the company currently have over $800 million in active inventory. As a leader in the industry, SIG was first to offer true sub-product type specialization. The firm’s experience in net lease, retail, office and industrial transactions is unparalleled. Sands Investment Group has offices in Santa Monica, CA, Charleston, SC, Atlanta, GA, Austin, TX, and Philadelphia, PA. Learn more at www.signnn.com.
Sands Investment Group (SIG) is a commercial real estate brokerage firm that specializes in the buying and selling of net lease properties for private investors and institutions across the United States. Our industry knowledge, experience and vast network of buyers and investors are integral in our client-forward strategies.