This is going to sound familiar, and it should:
Another Downtown Plymouth user building sold, and in a pandemic to boot.
The vintage 1910 building on Mill Street had been home to Health and Body Works since 1998. But pandemic restrictions were making it so costly to stay open that the owner had to consider selling.
Understandably, she was reluctant. I suggested a bright side:
• Commercial property is still in high demand with low supply
• Banks and credit unions are eager to finance user and investment property
• Interest rates are low
• The Duke Company has a pool of buyers who missed out on the sale of buildings nearby and are waiting for one—like hers—in that neighborhood.
This helped dispel some of COVID gloom that was weighing on the owner. She saw it was actually a great time to sell and that she could retire a few years early.
Four months after listing, we closed at very nearly full price. The seller had several offers to choose among, and the buyer had multiple lenders vying for his business.
The word has gotten out among sellers and buyers. I’ve sold more user buildings in Downtown Plymouth and the Old Village than any other brokerage firm.
I’d be happy to talk with you about any of these transactions and how I might help you. Call me at 248.476.3700, or email svalli@thomasduke.com. I look forward to talking with you.
