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Engineering


Sepi & Construction 1025 Wade Avenue, Raleigh, NC 27608 Client: Sepi Engineering & Construction Location: Raleigh , NC Real Estate Type: Office Services Provided: Tenant Representation; Purchase Squar

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Document on Subject : "Engineering"— Transcript:

1 Sepi Engineering & Construction
Sepi Engineering & Construction 1025 Wade Avenue, Raleigh, NC 27608 Client: Sepi Engineering & Construction Location: Raleigh , NC Real Estate Type: Office Services Provided: Tenant Representation; Purchase Square Footage: 17,000 SF Overview In 2002 , Sepi Saidi founded a site/civil engineering firm, SEPI Engineering & Construction. From the beginning, Sepi was interested in a real estate investment that she would one day own and her company would become the tenant. Within 4 years she was ready to purchase her first property and subsequently opened offices in Charlotte and Wilmington with the assistance of Rich Commercial Realty. By 2012 she had outgrown the 11,000 square foot building she originally acquired in 2005 in Raleigh and thought she might want to sell that property and buy something larger. Results A 6,000 square foot building next to the current location could be an option, though it was not actively listed for sale. SEPI engaged Rich Commercial Realty to explore the owner ’ s interest in selling the property. Rich Commercial Realty then researched market val ue, and other financial information that caught the seller ’ s attention. One of the key strategies that created the perfect opportunity to sell at that time was the expiring capital gains deduction. Value Added After several rounds of negotiation, the buyer and seller came to an agreement. The experience and expertise Rich Commercial brought to the negotiation resulted in a fair market value for the buyer and seller. Early estimates of perceived value saved the client over 15% through negotiation strate gy and the offer for a short due diligence period and closing prior to year end brought the transaction to a favorable end for both parties. OFFICE BROKERAGE TEAM “ Experience with numerous lease and purchase transactions with Rich Commercial Realty provided the trust that enabled the confidence to ensure favorable results. I would not hesitate to recommend Rich Commercial Realty Company for the acquisition of lease or purchase properties that work for the long term success of any professional business. ” -- Sepi Saidi , President Rich Commercial Realty | 3700 National Drive, Suite 200, Raleigh, NC 27612 | (919) 821 - 7880 | www.RichCommercialRealty.com