Inherited, 24 Tenants, No Oversight — Sold for $2,250,000

An inheritance with 24 tenants attached

The family didn’t buy Sky Harbor Business Park — they inherited it. The 25-unit flex campus at 310–340 Melvin Dr, a former construction yard, came with more than two dozen tenants and almost no oversight: a half-time caretaker, leases and payments that didn’t line up, and a rent roll that couldn’t survive a buyer’s first question.

Institutional buyers don’t pay for potential in that condition. They discount for every unknown — or they walk. Selling Sky Harbor as-is would have meant selling it for less than it was worth, forever.

First make it knowable, then make it wanted

Jason started where the value was leaking: the rent roll. Unit by unit, he got every tenant current and mapped — who was in what space, on what terms, paying what — and leased up the vacancies, turning a pile of question marks into a document a buyer could underwrite.

Then he made it wanted: a competitive, tour-driven marketing process that walked many large groups through the campus and let visible demand set the tone.

When the institutional buyer stepped up, Jason steered the close itself — coordinating the attorney work, the environmental review, and estoppel agreements across the entire tenant base. On a 25-unit sale, that last mile is where deals quietly die; this one didn’t.

A clean $2,250,000 institutional close

Sky Harbor sold for $2,250,000 in 2022, seller-side — $200,000 above the property’s 2021 asking price of $2,050,000. Same land, same buildings as the day the family inherited it — the difference was a rent roll that answered every question before it was asked, and a broker who carried two dozen tenancies through estoppels to signature.