Real estate advisors Matthew Bonnnett and Baker Townsend successfully represented the seller, Lands End Capital, in a $1.15 million transaction. But that's just part of the story.
In 2024, Lands End Capital was in escrow to buy the building at 1127 S. Chattanooga St., LaFayette, Georgia. "We originally planned to purchase this industrial property from the seller, but it was vacant and in need of repairs," said Maarten Deschaumes, Managing Partner at Lands End Capital. "While we were in escrow, Baker and Matthew went out prospecting and successfully found a suitable tenant."
The two agents secured a long-term lease with GE Electric, a Fortune 500 company. "A vacant building can only achieve a limited value, but a fully leased property truly delivers a return on investment to an end investor. Their efforts significantly boosted the property's valuation and our return," added Deschaumes.
With the tenant in place, the team set about securing a buyer for the building as a fully leased net investment, ultimately at $1.15 million.
"The North Georgia real estate market is about shaking hands, meeting people face-to-face," said agent Baker Townsend. "We bring value by presenting business owners with growth and expansion opportunities before they even start considering their space needs or a location change."
"The SVN | Second Story team was instrumental throughout the entire process—from facilitating the initial purchase to securing the lease and eventually selling the property. Their ability to see the bigger picture and deliver true value is why we continue to work with them," Deschaumes added.