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Updated almost 3 years ago on . Most recent reply

User Stats

88
Posts
42
Votes
Shawn Long
  • Real Estate Broker
  • IN (indiana)
42
Votes |
88
Posts

Mixed Use Inv. in the #4 Projected Sales Growth Market in the US

Shawn Long
  • Real Estate Broker
  • IN (indiana)
Posted

Investment Info:

Office Space commercial investment investment.

My partner & I have acquired the tallest building in Madison County, Indiana. Now known as Anderson Executive Tower. We continue to adapt and blaze trails with ideas that have been around but have yet to come to Anderson. We are developing condos, restaurants, doing a mix a long term and short term office space as well as virtual offices. If you ever need a place to work in the Greater Indianapolis area shoot me a message. Special treatment for the BP family.

What made you interested in investing in this type of deal?

Keen market awareness. The deal was too good to pass up and God put the perfect people in my life to make it successful.

How did you find this deal and how did you negotiate it?

My partner actually found this deal with a list of accompanied headaches. Everyone was scared of the potential risks. Fast forward a few months later & the risk has been alleviated. The unsolicited offers seem to be coming in daily now. The network building around this project has been phenomenal! We already have our sights on the next project!

How did you finance this deal?

CASH IS KING!

How did you add value to the deal?

Light rehab, Strong and Creative management, Leverage of resources and relationships.

What was the outcome?

Filling up quickly. Bright future ahead.

Lessons learned? Challenges?

Anything is possible. If you don't ask the answer is always no. The small risk we tackled seemed SO Big to everyone else. A small amount of work and the price value has increased exponentially! If you want certainty, it will most certainly cost you.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I am the Broker. Highly recommended ;)

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