We thoroughly researched the area for all purchase and lease options within the parameters of the project’s requirements. After examining all feasible options to lease, there were only one or two possibilities. Neither of them were exciting, as they simply didn’t offer the visibility and branding that was desired. In the purchase category there was only one possible building, formerly occupied by a bank. However, it was oversized by about 1,000 sf and at first glance over budget. After comparing the ground-up, lease and purchase options, including the deal economics of each, we decided to put an offer in on the existing bank building at a substantially discounted price. To our surprise, the bank/owner was eager to get the property off of their books and therefore willing to negotiate and offer the buyer substantial savings and a clean and quick purchase.