The owner
The property was owner-occupied, and the owner ran its own business from it. Selling meant putting the owner's workplace on the market.
Case Study · Owner-Operator Sale
Sold the building. Kept the business running.
2828 Ford St, Oakland. The property was owner-occupied at the time of sale. It was marketed, put in contract, inspected by the buyer and closed escrow to a non-profit buyer while the owner kept operating its business in the building, and the owner stayed in the property.
$6.6MClosed sale price
30,130 SFIndustrial buildings
1.15 ACJingletown, Oakland
2018Year closed
The challenge
Selling a building that is also the owner's workplace.
The risk
A sale process brings tours, a buyer's inspections and a close of escrow. Each can disrupt a working operation if it is not managed.
The goal
Reach the best price from the market, and let the business continue at the same location after the sale.
What we did
A sale process built around a working business.
Marketed to the market
The property was openly marketed, which produced multiple offers.
Contract and diligence
The winning offer went into contract, and the buyer completed its investigations while the business kept running.
Closed with operations intact
Escrow closed with the business still operating. The property sold to a non-profit, and the owner stayed in the property.
Why it matters: owners who run their business from their building often assume they must choose between selling and staying. This sale shows that does not have to be the case. See the 2828 Ford St transaction or all closed transactions.