COMMERCE, GA – Stratus Property Group announces the successful sale of a manufacturing and production facility on behalf of MTI Baths.
This milestone transaction marks a strategic move in MTI Baths’ vision, as the company optimizes the efficiency of their operations through the consolidation of warehouse space. Located in a separate submarket from their main facilities, the divestiture of this asset aligns with the organization’s portfolio refinement strategy.
Amidst a challenging market landscape characterized by rising interest rates, Charlie Carroll of Stratus Property Group facilitated the sale, securing a contract for over 90% of the list price within a few weeks. Despite the asset possessing some physical limitations and other unique challenges that were identified during the due diligence process, persistent effort and collaborative problem-solving ensured the ultimate consummation of the transaction.
Reflecting on the complexities of the deal, Charlie Carroll, representing the Seller, commented, “Due to location constraints and other rather unique issues with the property itself that we ran into during the diligence process this wasn’t the easiest deal in the world, but we found a way to facilitate an ongoing dialogue between the Buyer and Seller in order to appease both parties and ultimately get it across the finish line. I’m delighted to have assisted MTI Baths in accomplishing their real estate goals and look forward to their continued success as they reinvest the sales proceeds into furthering their core business operations.”