14 and 16 E Madison St. (20-Unit Property)
The Challenge
The property, consisting of 20 units at 14 and 16 E Madison St., faced unique challenges due to an existing master lease agreement with a single tenant. This Midfield Realty property sale was further complicated by the arrangement, which hindered traditional financing and limited the appeal to certain buyer profiles. The owner’s priority was securing an offer without financing contingencies, which was essential to address concerns about potential delays or retractions due to financing.
Midfield's Solution
The Midfield Realty property sale was approached with a strategic, pre-listing method. By leveraging its network, Midfield reached out to potential buyers before officially listing the property, gathering initial offers. Once officially listed, Midfield utilized a competitive strategy by pinning offers against each other. This approach not only increased the final price but also attracted buyers willing to meet the seller’s terms, particularly a no-contingency offer.
The Result
The successful Midfield Realty property sale secured an offer significantly above the original expected price point, without any financing contingencies. This exceeded the owner’s expectations by eliminating key concerns about delays or financing issues and by attracting high-value, serious buyers.
“Midfield went above and beyond to find the right buyers for our property’s unique leasing situation. They brought in multiple offers and ultimately negotiated a fantastic deal that fully met our needs. The professionalism and strategic insight were invaluable!”
