In this unique case, a leased building owned through multiple generations was deemed located in a non-core geography, which had been affected by the literal headwinds of recent hurricanes as well as experienced operational challenges. In addition, ownership and the existing tenant were nearing the end of their lease.
Seeing Blueprint as an industry leader in market reach and expertise, the private seller hired the firm to run a confidential marketing process. Amid the challenges, Blueprint highlighted the upside potential of the asset. After receiving multiple competitive offers, the selected buyer was a private owner-operator with a growing Texas portfolio.
The transaction was handled by Trent Gherardini.