SIG brokers handled an off-market property transaction with a 1031 Exchange for a repeat buyer.
Working with SIG brokers is the best way to leverage top listings, lending, and marketing efforts. In this deal, SIG broker Teddy Leonard was able to close a 1031 Exchange deal on a Steak ’n Shake property for sale before it hit the market.
- Steak ’n Shake, Brandon, Florida
- Property Type: Dining/QSR
- Client Type: Recurring SIG Client
- Challenge 1: Lease had strange provisions related to tenant option to select a replacement property.
- Challenge 2: Seller had to mail due diligence documents and could only fax signed documents, which made prepping the listing and getting through escrow challenging and time-consuming
- Placed client goal as a top priority.
- Brought the deal to a strong repeat buyer that could be comfortable with the lease and built a strong relationship with the seller–held their hand throughout the entire process.
- Secured the deal and got it under contract before the property officially even hit the market.
- Closed in under 60 days from PSA execution.
- Leveraged SIG connections and landed a second deal with same buyer in the last 30 days. The seller rolled the sale proceeds over into new purchase where SIG represented them as a buyer.
- Over $4,500,000,000 in Closed Transactions
- Over $750,000,000 in Active Inventory
- Over 2,100 Transactions in 48 States
- Focused on Creative Marketing
- Net Lease Industry Leader
- Real Estate Forum Influencers in Net Lease 2019
- SC25 Fastest Growing Companies, 2017 & 2018
- Real Estate Forum Names SIG to Its List of Commercial Real Estate’s Fastest-Growing Companies, 2016 & 2015
- CoStar Power Broker Top Firm Awards, 2019, 2017 & 2016
Interested in acquiring a restaurant property for sale to add consistent returns in your investment portfolio? SIG handles new loans on locations for clients who are seeking to expand their portfolio and acquire NNN properties in all different niches. When the goal is growing an investment portfolio with specific properties, you can’t trust a typical real estate agency to walk you through the process. SIG is a commercial real estate brokerage firm with a wealth of experience helping clients find, secure, and purchase properties to round out their investment portfolio.