RAISING CANE'S

LAGUNA HILLS, CA

$5,475,000

Raising Canes

AT A GLANCE

  • First Raising Cane’s investment sale in Southern California

  • Long-term ground lease on El Toro Road in Laguna Hills

  • Faris Lee represented all cash, 1031 exchange investor

CHALLENGES

  • Weak financial statement for Raising Cane’s

  • Former gas station site still under remediation

  • Negative perception about the property as it had been on market for 6 months and property had recently fallen out of escrow

MARKETING STRATEGY

  • Positioned all cash, Faris Lee controlled buyer as giving seller highest probability of closing

  • Showed buyer other data points and trade articles about Raising Cane’s to overcome objections with the Raising Cane’s financials

  • Interacted between buyer and environmental consultants to secure buyer’s comfort level with the environmental contamination

RESULTS

  • Removed contingencies, including environmental within 21 days of opening escrow

  • Buyer and their wealth manager were satisfied with the overall outlook for Raising Cane’s

  • Closed all cash, with no re-trade