Broker works string of deals to turn around property's value

Sowerby's final deal for the site was to find Royal Oak-based SMR Investments LLC as an investor to purchase the land in April, with the 20-year McDonald's lease "Based on the revenue the McDonald's was generating over the next 20 years, we sold it for $1 million," he said.

Saved in:
Bibliographic Details
Published inCrain's Detroit Business Vol. 28; no. 39; p. 17
Main Author Kaffer, Nancy
Format Journal Article Trade Publication Article
LanguageEnglish
Published Detroit Crain Communications, Inc 17.09.2012
Crain Communications, Incorporated
Subjects
Automobile dealers
Brokers
Franchisees
Property values
Real estate agents & brokers
Restaurants
Sowerby, Joe
State court decisions
Strategic planning
Detroit Michigan
United States > US
Online AccessGet full text

Cover

More Information
Summary:Sowerby's final deal for the site was to find Royal Oak-based SMR Investments LLC as an investor to purchase the land in April, with the 20-year McDonald's lease "Based on the revenue the McDonald's was generating over the next 20 years, we sold it for $1 million," he said.
ISSN:0882-1992