Prior to being turned over to Dubrow Management, this 80,000 sq. ft. commercial property consisting of two office buildings was at 30% occupancy.
Tenants were fleeing the building due to the following issues:
Within 30 days, Dubrow Management stabilized the building. We communicated with existing tenants and managed to prevent them from fleeing the property. We addressed their concerns and renegotiated and in some cases extended their leases. We then used the cash flow from the building to make necessary improvements such as:
This property was sold at a price above the lender’s expectation.