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“When we decided to sell our family’s commercial real estate property in Lower Greenville, our decision to work with Citadel Partners was an easy one. After speaking with Tyler Thomas, we knew we were in good hands to have a seamless selling experience that would result in a sale that met our goals. This is exactly what we encountered working alongside Tyler and his team. We would highly recommend the group for their professionalism and follow-through. Their ability to listen to what we desired and help guide us through the entire sales process with ease made this a stress-free experience through and through. Tyler’s leadership and experience was critical to making that happen.”
1900 Greenville is a prime address surrounded by up-and-coming restaurants and shops along what is now referred to as Lowest Greenville. The building was built in 1920 and until recently was owned and operated by a family that lived in New Orleans. After 16 years of ownership, the family was approached by a prominent owner and developer in the area. While the unsolicited offer was compelling, the family needed to understand the true value of the asset located in such a niche neighborhood. They engaged Citadel Partners, and we got to work on an Opinion of Value.
After a thorough examination of the market and the opportunity at hand, the family decided to liquidate the asset. Once the negotiations were finalized, the family was able to sell the building for 144% of the original offer on the table before Citadel was involved in the process. The deal closed and was fully funded just 45 days after a purchase contract was executed – a quick two months after the listing agreement was finalized.
