Sometimes the best buyer is already in the building. 928 Main St. is a charming downtown Martinez property that sold to its long-time tenant — a close family friend of the seller — in an all-cash transaction that closed in a matter of days. The buyer had occupied the 2,208 SF building for over 25 years and knew it intimately, eliminating the uncertainty that typically accompanies a broader market process. Built in 1950, the property is part of a portfolio the buyer has assembled on behalf of the family over many years. Buildings of this vintage present their own set of challenges, and while a direct sale to the existing tenant wasn’t the obvious path at the outset, the relationship, the trust, and the buyer’s deep familiarity with the asset made it the right outcome for both parties.
East Bay Office represented both parties in the transaction.