Case Study – Techno Aerospace – Vertical Strategies Real Estate

Client Representation – Acquisition

Techno Coating also operates under the name Techno Aerospace, this organization operates in the electroplating of metals and fabricated metal products utilized in private aircraft interiors and other custom designed metal coating applications. Techno Aerospace, is recognized by South Florida Manufacturers Association for excellence in manufacturing for over 35 years.

Challenge

To identify for purchase a larger headquarter facility to accommodate five new business lines and provide the space layout needed to implement their “lean” engineering operating systems philosophy. This allows for a more efficient and productive working environment and was essential to their expansion plans. Additional requirements included proximity to airport, heavy electrical power and location outside well field area due to nature of business.

Result

Vertical Strategies Real Estate’s experienced team was quickly mobilized identifying an ideal location in Palmetto Lakes Industrial Park with Opa-Locka Airport runway views from their facility. Once all other facility requirements were discussed, Vertical Strategies Real Estate proceeded to negotiate a 18% below market price by leveraging terms and conditions of the acquisition. A key component of the negotiation was Vertical Strategies Real Estate’s extended professional relationship with the selling agent and thorough understanding of local market dynamics.
In the preceding 12-month period, 3 comparable properties in the surrounding industrial corridor sold between a range of $10 -$16 more per square foot than the subject property, thus representing a potential return on investment, at minimum over a half million dollars and confirmed we had negotiated a great deal for our client.

Vertical Strategies Real Estate advisory services commitment to representing our clients best interest, adding value at every level of the assignment insured our client’s successful, below market purchase of their new headquarters.
Today Techno Aerospace is prosperously growing their business located 4800 NW 157th Street, in the 59,000-square foot corporate headquarters in Palmetto lakes industrial Park. Vertical Strategies Real Estate is proud to have been an integral part of their successful journey. Our team negotiated an 18% below market acquisition price delivering a savings of over a half million dollars while securing Techno Aerospace with an ideal location for future growth.