Colorado & Zang | Dallas, Tx

We contracted for a run-down, former restaurant that had been closed for nearly five years because we saw the site as a potential infill bank location. We worked closely with the neighborhood organization and city councilwoman to rezone the property for drive-thru bank use. We successfully negotiated a lease with Wachovia Bank prior to closing.

The Result:  Thirteen months later, we sold the property to an investor and achieved a 1.70 multiple on our equity investment.