Hey Wholesalers,
I've got a very interesting off-market opportunity and I'm looking for some strategic advice on how to best approach it. I want to keep the specific location and details confidential for now, but I'll provide enough information for you to give me your expert opinions.
Here's the situation:
- Property Type Mix: The property is a full city block with a mix of property types: 3 parcels of commercial vacant land. 4 storage buildings/warehouses. 2 residential rental houses.
- Size: The total square footage of all 9 properties combined is 90,000+ sq ft.
- Ownership: All 9 properties are owned by the same seller.
- Asking Price: The seller is asking $1.25 million for the entire block.
- Development Potential: There are no deed restrictions, so the end buyer has a lot of flexibility for development or redevelopment.
My main questions for you are:
- Contract Strategy: Given the mix of property types, would you recommend using one master contract with exhibits, multiple separate contracts, or some other approach?
- Buyer Strategy: How would you market this to potential end buyers, considering the different property types? What types of buyers would be most interested in this deal?
- Valuation Strategy: How would you determine the fair market value of the different property types to ensure an accurate offer and assignment fee?
- **Any other creative strategies or advice you might have on maximizing this deal.
I'm looking for high-level strategic advice, not specific market data or comps.
Please share your thoughts and expertise! I appreciate your help.