740 5th St, Fairfield CA 94533

Scenario:

Client had bought a vacant Class C office property zoned for office or medium density residential and immediately found a new tenant for it at the market rent rate.  Immediately after moving into the space the Tenant stopped paying rent (a couple of years prior to the Covid-19 pandemic) and then became hard to reach and when reached  always provided excuses and reassurances about resuming payment and catching up.  Eventually the Owner chose to sell the property rather than to further endure the hassle and to have to restart the process to find a new tenant.

Actions:

We had professional photos taken of the exterior and common spaces of the property.  We priced the listing to reflect the vacant nature of the property and while providing widespread listing visibility we ensured to specifically market it to the most likely buying population - that of Owner-Operators.

Results:

After several qualified inquiries the property was sold to a growing church that had been seeking a larger facility in the region for their congregation.