Last week, I just signed a counter offer for our Center’s building.
When we first decided to sell our building we imagined that the buyer would be very similar to us, in that they had a need for a large open space and also would continue to run the executive suites. An owner-user would have been a wonderful deal. We had established that kind of organization would pay top dollar for the building. After months of marketing by our realtor, including sending a hard-copy brochure to almost a thousand potential buyers, and holding open houses, we received an offer. We were partially right: the buyer does want a building with Executive Suites but they want to convert the whole building to offices. We have countered the original offer with terms that we can live with including a lease-back option for almost nine months.
I could be elated, or I could be a little numb. One of the things that grew clear to us as we determined to sell the building is that this building was NEVER our vision. So we are just like many families who buy their first home because it is what they can afford, and move to a larger space when they can, They considered their first homes as starters. We have come to realize that huge space was likely a starter for us so we are the opposite of a growing family. We want less space.
I feel waves of joy and thanksgiving for the right action of being able to buy a much more manageable-sized building and devote our time and attention to our members and friends.
We are asking for your help. If you see a smaller commercial building for sale, please let us know. Our real estate committee is composed of Aidan Greaney, Grant McPhail, Fred Mercado, Pam Rocke, Greg Young , Wayne Davis, Lee Van Slyke, Dena Hart Van Slyke, and me. If you see something that might be of interest please let one of us know. We have already been looking for a new building but without knowing our price range we were not able to move forward very easily. We are looking for a building that is approximately seven thousand square feet. We will net approximately two million dollars. We are looking forward to being free of a mortgage. (And also being free of the repairs and maintenance of a building that is almost 20,000 square feet.)
We need to work together as a community to find the right place that will serve our needs and allow us to grow.
Although none of us have a crystal ball, and are not skilled in predicting the future, we do see that likely with interest rates going up, investing in commercial real estate becomes less inviting.We feel that the time is right.
The offer we got allows us to lease back from the buyers for up to nine months. (We thought this gestation period would give us enough time to find the right and perfect place for our new home Center.)
How can you help?
Photo by Juli Isola
Let’s work together. The kids in the photo above have the right idea. Facing the unknown in the ocean of life, it is easy and fun if we do it together. Stay positive. Remember that all demonstration starts with a clear idea. Our idea is to own a building that is self-contained, no further than 10 miles from our present location,, that would hold our fellowship, our social time, our children and our classes. We want a beautiful, safe outside space that reflects a respect for and love of nature. We would like a sanctuary in which every seat feels like it is a special seat, all people can see the speakers and singers with ease. The acoustics are great. It will would easily seat 150 people. The whole building will be imbued by a feeling of reverence, it can easily hold the weight of the divine. We need room for our piano, our band, and our choir in addition to needing a room in which it is easy for the speaker to connect with all people in the audience.
If you haven’t started yet, please add the Center to your prayer list. See us completing this sale with grace, finding the right building for our new spiritual home, in the right location, and purchasing a new building with the proceeds from the sale. And most importantly see us thriving in our new home, connected with each other and growing spiritually.