03 Oct 77-Acre Training Facility Sold on a Revived Deal

Jacob Loveland of ELIFIN® represented the seller in the successful sale of the 77.01-acre property located at 9297 Hwy 979 in Livonia, LA.

Challenge

The property was unlike anything else on the market. Seventy-seven acres with a ±16,911 SF training facility and two additional buildings in a sparsely populated area is not the kind of asset that attracts a wide buyer pool. The combination of size, location, and specialized use meant that finding the right buyer required patience and persistence rather than broad market exposure. When the first contract fell through, the path forward was anything but certain.

Strategy

Rather than starting the search over from scratch, Jacob stayed in consistent contact with the buyer who had walked away. He kept the relationship alive over the course of several months, maintaining enough trust and communication to bring them back to the table when the timing was right. When the deal came back together, Jacob worked it through to close without letting the earlier setback become a reason for either party to lose confidence in the transaction.

Result

The property sold to the same buyer who had walked away months earlier. The seller closed on an asset that had been years in the making, and Jacob delivered a result that required rebuilding a deal that had already fallen apart once and seeing it through to the finish line.

Leading Agent

Jacob Loveland