Location:
1563 East State Road 8
Albion, IN
Buyer:
STAG II Albion, LLC
Seller:
Busche Enterprise Division, Inc.
Date of Sale:
08/09/06
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TRANSACTION SUMMARY:
The properties were located in a tertiary location in rural Indiana and consisted of metal panel construction. Busche was looking to maximize the value of their owned real estate and redeploy the sale proceeds into the company as operating capital. Converse was hired to identify a capable buyer and negotiate favorable sale and lease terms for Busche.Through a streamlined marketing campaign, Converse was able to produce offers from four prospective buyers, creating the necessary competition to produce favorable results for Busche.
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