216 Government Ave., Niceville Florida
Sold for $2,450,000 which was 98% of the list price
It is through my many years as a banker in this market that I have had the pleasure of knowing the owner of this 37,800 sq. ft., two-story, 238-unit Climate Controlled Storage Facility in Niceville. The sale of this property required an understanding of commercial properties as well as the due diligence information a prospective buyer would need to make an educated offer. With my past years of experience in Commercial Finance, a “Deal” book was prepared outlining the pertinent economic as well as facility details a buyer would want to know. After several would be buyers, the ultimate purchaser was a regional corporate owner of several hundred thousand square feet of Climate Controlled Storage Facilities. My knowledge of the commercial finance process was considerably useful over the 90-day due diligence and closing period in being able to anticipate the needs of the buyer’s attorney, closing attorney as well as the buyer and seller business transition needs.