Even though it involved multiple properties and a $10M-plus price tag, the deal would have been fairly straightforward—except for the global pandemic. Covid made it seem a logistical nightmare for the purchaser. But it wasn’t—because he chose the Thomas Duke Company.
This particular Duke Company client wanted to purchase a high-value office investment. John Bridges located two buildings—each with a single, credit-worthy tenant on a long-term, NNN lease—for sale by the same owner. Totaling 65,000 square feet of newer construction, the properties were just what the client was looking for.
But the buildings were in Dayton, he was in Toronto, and Covid had closed the border.
John stepped up, taking on the leg work of due diligence, lining up multiple contractors to inspect everything from parking lot surfaces to HVAC systems. He drove to Dayton to oversee those inspections and interview the buildings’ tenants. Dave Tesch joined him on the brokerage side of the deal, lining up a lender and helping set up appraisals. Together they analyzed financials and leases and reviewed closing documents. When the deal closed, John set up on-site property management to operate the buildings.
Because he knew he could trust John and Dave to serve as his proxies, our Toronto client successfully and smoothly closed a $10.2M deal without ever having seen his investment.
Though the pandemic circumstances were unusual, John and Dave’s above-and-beyond performance was not. Whether it’s property management or brokerage, they offer all commercial real estate services with exceptional, trustworthy service to every client.
Sell or manage your commercial real estate without the logistical hassles. Call John or Dave at the Thomas Duke Company today.
