Client Representation – Lease, Acquisition & Sale
Vertical Strategies Real Estate was appointed as Zafco Intl.’s exclusive advisor to identify U.S headquarter options and meet their expansion plan requirements for their Miami operations. A focus on class A buildings with high visibility, commercial exposure and proximity to Miami airport was important.
Challenge
Vertical Strategies Real Estate was appointed as Zafco Intl.’s exclusive advisor to identify U.S headquarter options and meet their expansion plan requirements for their Miami operations. A focus on class A buildings with high visibility, commercial exposure and proximity to Miami airport was important.
Result
Vertical Strategies Real Estate team quickly targeted a client’s building as an ideal property, meeting all Zafco Intl’s. requirements: a class A 101,200 sq. ft. commercial/industrial property on NW 25th st. Giving Zafco Intl. the opportunity to lease a prime corner totaling 36,287 sq. ft. at a very competitive rate with excellent visibility on NW 25th Street, in the heart of Doral and minutes from Miami airport.
Vertical Strategies Real Estate understanding of Zafco Intl’s. long term growth plans in the U.S., prompted a right of first refusal to purchase, as part of the negotiated lease agreement with the landlord. Shortly after the opportunity arose and Vertical Strategies Real Estate negotiated the purchase, on behalf of Zafco Intl., for a very reasonable price of $84 psf. A couple of years later, Zafco Intl’s business plan changed and the new directive was to place their Miami property for sale. Vertical Strategies Real Estate along with five of the top national real estate companies were being considered for the exclusive sale representation.
While Zafco Intl. was deciding, which firm would best serve their interest, Vertical Strategies Real Estate brought a serious buyer to the table within a two-week period; Badia Spices. We moved quickly: researched and contacted local real estate professionals and other networking channels targeting large companies looking for a new corporate headquarters in the area and in the end proved that local contacts, perseverance, diligence and a complete understanding of your client’s needs are the ingredients to success.
Vertical Strategies Real Estate procuring of the sale represented Zafco Intl, with a profit of 1.6 million return on investment within a 32-month period. Vertical Strategies Real Estate’s keen understanding of local market dynamics, creative strategies and loyal professional relationships enabled Zafco Intl. to command a 16% profit within a very short time thus; Zafco Intl. could focus on their new business model and grow their core business ahead of schedule with additional capital.