We knew that when we put this property on the market, the floodgates would open. That was a blessing—and a challenge.
Its location at 23365 Woodward Avenue, in the busy heart of Ferndale, was just the beginning of this retail building’s assets. Of its 4,400 square feet, 115 feet front Woodward. Add attractive features like building signage and a private parking lot for employees as well as customers, and clearly the property checked all the boxes for both investors and business owners.
Sure enough, as soon as we listed it, inquiries began pouring in. Offers too, from local business owners to national investors. As the broker, it was my job to vet the onrush of potential buyers, sorting the casual from the serious, then assessing the serious ones. The seller trusted us to present him with only the best offers. The sheer volume of inquiries—many of them worthy—made this a challenge.
I diligently sorted, researched, and followed-up, then carefully communicated the prime buyer candidates to our client. In the end he chose a local business owner willing to pay his full price. Both parties at the closing table left happy. The new owner has already transformed the building into a bright and lively boutique salon.
If you’re looking for a broker you can trust with all the information and activity that a commercial real estate sale unleashes, I’d be happy to talk with you. Contact me at 248-476-3700 or via email at cwhite@thomasduke.com.
