On the market for over a year, the owner of a 5,400 sq. ft. industrial building west of Harrisburg, South Dakota needed to find tenants. Bender Commercial Real Estate’s Rob Fagnan, SIOR saw an opportunity to make a change.
“It takes a specific tenant to utilize that much shop space, and finding the right one can take a while,” Fagnan said. He suggested changing the layout of the building to include three 1,800 sq. ft. bays rather than one large shop space to generate more interest.
“The owner agreed to front the cost of transitioning the property to the smaller bays and as soon as we updated the listing there was more interest,” Fagnan said.
Fagnan represented a contractor and a cryptocurrency mining operation looking for a similar space, and within a few weeks had two leases signed. In closing, Fagnan said, “It really was a win-win for both the owner and the tenants.”
Contact Rob Fagnan for more information on how Bender Commercial Real Estate can help you find the right property or tenant.