Navigating a Complex Probate for a 25% Sale of an Industrial Property
Deadlocked for months. Closed in 15 days.
An estate held a 25 percent ownership stake in an industrial property in San Clemente, at 1510 Avenida de la Estrella. It was complicated with a prior probate, as the deceased inherited his portion from the previous owner, whose estate was also in probate. The property was co-owned with two others, a 50 percent owner and a 25 percent owner, and it suffered from deferred maintenance. The estate struggled for months to align with the co-owners.
Once Aragone & Associates stepped in as the agent for the administrator, the parties were brought together quickly, targeting a sale to one of the existing owners. Within a month a deal was secured, and the buyer closed in just 15 days, waiving all contingencies and inspections from day one of escrow.
A 25% Stake
Held by an Estate
A 25 percent ownership stake in an industrial property held by an estate in San Clemente, located at 1510 Avenida de la Estrella.
A Prior
Probate
The case was complicated with a prior probate, as the deceased inherited his portion from the previous owner, whose estate was also in probate.
Two Co-Owners,
Deferred Maintenance
The property was co-owned with two others, a 50 percent owner and a 25 percent owner. It suffered from deferred maintenance, and the estate struggled for months to align with the co-owners.
Agent for
the Administrator
Aragone & Associates stepped in as the agent for the administrator and quickly brought the parties together, targeting a sale to one of the existing owners. Within a month a deal was secured, and the buyer closed in just 15 days, waiving all contingencies and inspections from day one of escrow. The streamlined sale won approval from all beneficiaries, lifting a massive burden off the administrator's shoulders and closing a complex probate chapter.
Navigating an intricate real estate matter in probate? See how we can help →
The Challenge
A 25 percent ownership stake in an industrial property held by an estate in San Clemente, complicated with a prior probate, as the deceased inherited his portion from the previous owner, whose estate was also in probate. The property was co-owned with two others, a 50 percent owner and a 25 percent owner, and it suffered from deferred maintenance. The estate struggled for months to align with the co-owners.
The Solution
Aragone & Associates stepped in as the agent for the administrator and quickly brought the parties together, targeting a sale to one of the existing owners.
Within a month a deal was secured, and the buyer closed in just 15 days, waiving all contingencies and inspections from day one of escrow. The streamlined sale won approval from all beneficiaries, lifting a massive burden off the administrator's shoulders and closing a complex probate chapter.
Every probate case has unique hurdles and every solution is custom crafted. If you are a fiduciary, attorney, or advisor with clients navigating intricate real estate matters, let us connect.
Commercial Real Estate1510 Avenida de la Estrella, San Clemente
Industrial Property · San Clemente, CA · Probate SaleA 25 percent ownership stake in an industrial property held by an estate, complicated with a prior probate and co-owned with a 50 percent owner and a 25 percent owner. A deal was secured within a month and the buyer closed in just 15 days, waiving all contingencies and inspections from day one of escrow.
Navigating an intricate real estate matter?
Every probate case has unique hurdles and every solution is custom crafted. If you are a fiduciary, attorney, or advisor with clients navigating intricate real estate matters, let us connect. We are here to simplify the process and maximize value.
Results reflect a specific property and market conditions at the time of sale. Individual results vary and are not guaranteed.
This content is for general information and is not legal or tax advice. Trustees, executors, and administrators should consult their own attorney regarding their specific duties and authority.
Aragone & Associates | First Team Real Estate.