Alex Ruch of ELIFIN® represented the seller in the successful sale of the ±7,100 SF industrial property located at 11941 Richcroft Ave in Baton Rouge, LA.
Challenge
The seller was planning his retirement and wanted an exit plan in place well ahead of time. He intended to keep working through November 2027, which meant he could not simply sell and move out. The goal was to have the property pre-sold while still being able to operate in the building until he was ready to step away.
Strategy
Alex pitched the property to a known investor in the market and proposed a one-year sale leaseback. The structure let the seller lock in a sale price now and stay in the building through his planned retirement date, while giving the investor a tenant in place from day one. Alex worked both sides toward a sale price that both parties were happy with.
Result
The deal gave the seller exactly what he asked for: a sale secured well in advance and the freedom to keep working until November 2027. The investor acquired an industrial building with a leaseback already in place. Alex built a structure that fit the seller’s retirement plan and worked for the buyer too.
