In November 2023, Kevin Stratman, CCIM, SIOR and Sydney Weller, CCIM listed a 50,300 SF industrial property on 9.17 acres without a set asking price. That strategy didn’t slow buyer interest. Within weeks, they had secured six written offers. The property’s I-1 Industrial District zoning, 4.55 acres of excess ground, potential rail access, proximity to the interstate, and heavy power made it especially appealing to owner-users.

Following a competitive offer process, Kevin and Sydney entered escrow with a strong buyer. However, after nearly six months of due diligence, the buyer unexpectedly backed out—just one day before their contingency period expired.

Fortunately, one of the original interested buyers had stayed in touch. Kevin and Sydney reached out immediately, and that buyer was ready to move forward. They entered a second escrow and things progressed smoothly—until copper theft at the vacant building caused an unexpected delay. The seller was able to coordinate repairs, and the deal ultimately moved to a successful close.

This opportunity came through an SIOR, Society of Industrial and Office Realtors, referral partner who connected Kevin and Sydney with the seller. Our team first helped the client relocate to a 100,000 SF facility in Lincoln—doubling their footprint. Once they were settled, Kevin and Sydney were asked to list the former building.

We’re proud of their work and grateful to the buyer and seller for their trust in bringing this complex deal across the finish line.

This article appeared in our company newsletter in June of 2025. Please click here to download the entire newsletter.