Proactive Disposition Leads to Rapid All-Cash Closing in Shifting Market

Challenge

CBC, Capital Advisors had represented a client in purchasing a 3-tenant retail center in Grand Prairie, TX (DFW metro area). Four years later, the client approached CBC, Capital Advisors and expressed interest to sell the property. The market was in the early stages of beginning to turn, with higher interest rates on the near horizon.

Action

Alex Eberhardt, with CBC, Capital Advisors, marketed the property for a couple of months. After receiving multiple offers, the Seller accepted terms with an out-of-state buyer represented by a local real estate agent. The buyer purchased the property all cash and closed in only a few weeks.

Result

  • The property was successfully sold
  • The seller received multiple offers
  • Closing occurred after only a few weeks of held escrow

“I’ve known Alex Eberhardt for at least 5 years now since he’s first contacted me and he has stayed in close contact with me ever since. He’s provided me information and counsel over the years and has been a very valuable resource in my commercial real estate decisions. I’ve chosen him to market my property and now I’ve found myself in a brand new, long-term asset with rental increases. I’ve thoroughly enjoyed working with him.” ~ KP

Alex Eberhardt

For More Information, contact:

Alex Eberhardt, CCIM
Investment Specialist
alexe@cbclubbock.com
(806) 577-3032