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Updated about 8 years ago,
Best Way to sell a 1.26 acre of commercial land for MOB
Ill start by saying i'm 60 and ready to sell.
I bought this land in 2004 on the "Rodeo Drive"
of Charlotte NC and waited for everything to develop around it... So i have the LAST parcel of undeveloped land in this entire area of South Charlotte.
Zoning says they want to see a MOB here.
I've met with different large commercial development companies and they want to pay
$1.2M for the land( closing someday if the far future)
and build a 2 story MOB and lease the spaces to Drs.
I was hoping to find independent physicians that would partner to OWN the building for their practices and maybe lease out or sell off any remaining space.
I'm finding it a challenge to locate Drs that have a minute to see the big picture and realize that they are paying
$17,000 a month for leasing 4000 sqft of space down the street
when they could go thru the development process : 0 and they could own the entire 20,000 sqft bldg for less .. owning their $27,000 a month.
So i don't want to JV.
I just want to sell the dirt for a price that reflects its
unique rare high end location.
so how can i add value and attract end users to be owners vs. a big dev co build one more all leased office
space bldg on the planet.
I have standing offers of $1.5 1.6 MM for uses like storage or hotels
that zoning won't allow.
THANK YOU SO MUCH for any ideas