As Bobit Business Media was preparing to sell their business to a private equity firm, they engaged Team Shannon PCG to aid them in negotiating a fair, long-term lease that would also be attractive to the investment community and help them maximize profits on the disposition of their real estate. Our team conducted a targeted early release of the property to our database of investors based on their acquisition criteria and Excelsior Partners acted quickly, submitting a non-contingent offer above ask on day one. The property had a new 10-year NNN lease in place and offered attractive cash-on-cash returns.
Client: Bobit Business Media
Buyer: Excelsior Partners, LLC