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McCully Construction
15955 N Dial Blvd.
Scottsdale , AZ 85260
Real Estate Type: Flex
Square Feet: +/- 5,322
Project Overview
Relocation and expansion for luxury home builder
Challenge
Tight market with limited inventory
Unsophisticated ownership with unrealistic deal and timing expectations
Solution
Found secondary option to use for leverage
Leaned on relationships with LL broker to get them to go to bat for us with their client to get market and in some instances better than market terms
Leveraged client’s ability to perform their own T.I.’s to stretch T.I. budget and condense schedule
Results
Achieved start rate 30% below market
Locked in longer term at lower rates than LL initially wanted
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