Empty for five years, sold as-is
A 50,000 SF former Stop & Shop, 100% vacant for five years.
Coventry, RI
Home / How we buy
Been burned by a buyer who didn't follow through?
Most buyers promise top dollar, drag out your sale for months, then walk away. We won't be your highest offer. We'll be the one that closes. Here is exactly how you sell commercial property to us.
- Deposit
- Non-refundable 10 business days after you sign our offer
- Closing
- About 60 days
Who will buy it? We will.
Good Harbor is a Boston company that buys commercial buildings directly from their owners: flex industrial, small-bay warehouse and neighborhood retail. We buy as-is, with our own money, and we run every building ourselves after closing. No broker needed, no listing, no showings.
- Before you sign
- We show you our money.
- 10 business days after you sign
- Our deposit is non-refundable.
- About 60 days
- Closed, and the building is in good hands.
The wrong buyer, and what we do instead
We've sold buildings too. We know how it feels to gamble on a buyer who doesn't keep their word. Here is what you get from us, and the problem each promise solves.
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We show you our money before you sign.
Some buyers say the money is lined up, then go looking for it.
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Within 10 business days of you signing our offer, our deposit is non-refundable.
Some buyers tie up your building for 60 to 90 days, then walk.
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We don't talk to a single tenant until our deposit is locked in.
Some buyers call your tenants, talk about raising rents, then disappear.
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No games at the end. If something changes the price, you see why, in writing, and you decide.
Some buyers show up the last week with a repair list and a lower number.
We won't be your highest offer. We'll be the one that closes. Some buyers promise top dollar and never close.
Ask us all 12 questions
Where is the down payment coming from?
Our own funds and investors who are already committed. We don't sign a contract and then go raise the money.
Can you show proof of funds before we sign?
Yes. A recent bank statement or a letter from our bank, before you sign anything.
Who is your lender, and have you closed with them before?
We name the lender in the letter of intent, and it is a bank we have closed with before.
If your loan falls through, do I keep the deposit?
Yes. Once the deposit goes non-refundable, our financing is our problem, not yours.
How much is the deposit, and when does it become non-refundable?
It depends on the size of the deal. The amount is in our offer, in writing, and it goes non-refundable 10 business days after you sign. Days, not months.
What do you need to investigate, and will you ask for more time?
The leases, title, an environmental report and the building. The list is in the letter of intent, and we don't plan on extensions.
How many properties have you closed in the last two years?
Our recent purchases are on this page, under Properties we bought, each with its address. Ask us about any of them.
How many recent contracts closed at the original contract price?
We don't promise a price will never change, because due diligence can turn up things nobody knew. When a price did change, the seller saw why, in writing, before deciding.
May I speak with two owners who sold to you?
Yes. Ask, and we give you the names and phone numbers of owners who sold to us.
Will you contact my tenants, and when?
Not until the deposit is non-refundable, and only with your OK. Your tenants won't hear about a sale from a buyer who might walk.
Can this contract be assigned to someone else?
No. A Good Harbor company signs the contract and closes on it. We don't flip contracts.
What would cause you to walk away?
A short list, in writing: a failed environmental report, a title problem that can't be fixed, or leases that don't match what we were shown.
What we buy
Three kinds of property, vacant to full, bought as-is. If yours is close but not quite, send it anyway.
Flex industrial
Office in front, warehouse behind.
Small-bay warehouse
Many small suites, each with its own door.
Neighborhood retail
A strip center or box on a busy road.
Size: most of what we buy is 20,000 to 120,000 square feet · Markets: New England, the Carolinas, the Chicago area and Georgia
What property owners say
My wife told me that if anything happened to me, she'd have no idea what to do with the building. That stuck with me. Good Harbor took it as it was, old roof and below-market leases included. Their deposit went hard in 10 business days, and now she never has to figure it out.
I built my building in 1980, and I've seen every kind of buyer. The last one strung me along for months and never closed. Good Harbor told me their number, put real money at risk in two weeks, and did exactly what they said. That's rarer than it should be.
Every buyer told me the money was lined up. Good Harbor was the only one who showed me before I signed. After that, I stopped worrying about whether the deal would close and started planning what I'd do next.
Some of my tenants have been with me for over 15 years, and I wasn't going to let a buyer scare them off and then walk away. Good Harbor didn't talk to a single tenant until their deposit was locked in. My tenants stayed, and the sale closed.
I'd been retraded before. A buyer waited until the last week, then showed up with a repair list and a lower number. Good Harbor closed at the price in the contract. No surprises at the end, and no games.
Properties we bought
Buildings like yours: part empty, tired, or simply time to sell. Each owner had a reason, and none had to fix anything first.
The seller wanted to avoid a big tax bill
105,801 SF of flex industrial, one year left on the lease, no fair bank loan.
High Point, NC
Roof due, sold as-is
A 47,400 SF small-bay building with 14 suites and a roof at the end of its life.
St. Charles, IL
A REIT that wanted out
A distressed REIT owner and a 22,000 SF plaza at 42% occupancy.
Snellville, GA
Once you send the address: first call to closing
Day 1
You send us the property
Use the form, call, or text. An address and a way to reach you are enough.
Within 2 business days
We talk
We ask about tenants, leases and condition, and what you want from the sale.
Within 10 business days
Letter of intent
Price, terms and a closing date on paper, plus what we still need to check. Once you sign, our deposit goes non-refundable within 10 business days.
About 60 days
Due diligence and closing
We inspect, read the leases and check title. If anything changes the price, you see why before you sign.
So your next chapter can be your best chapter
Selling your building closes one chapter. We want the next one to be the best of your life. If it helps, we can introduce you to people we trust. They work for you, not for us. Already have your own advisors? Even better. We work with them, no issues.
Protect your legacy
Make sure the money you made goes to the people you love. We can put you in touch with an expert in legacy planning who works alongside your CPA.
Keep more of what you earned
Pay the lowest tax legally possible. We can connect you with a tax strategist, and your CPA gives the final word.
Stay healthy for what's next
Having the money and the time means little without your health. If you want it, we can point you to the longevity clinic we know for a full day of scans and blood work.
Questions owners ask before they sell
- Do I need a broker to sell my commercial property to you?
- No. You can sell to us directly, with no listing and no showings. If you already work with a broker, we work with them too.
- Do I have to fix anything before I sell?
- No. We buy as-is: old roofs, empty suites, deferred repairs. We price the work into the offer and do it ourselves after closing.
- Can I sell with tenants in place?
- Yes. Most buildings we buy have tenants. Their leases stay in force, and our own team takes over management after closing.
- Do you offer seller financing (owner financing)?
- Yes. You can take cash at closing, or seller financing that spreads the gain over several years. We work with your tax advisor on the terms.
- Can I do a 1031 exchange when I sell to you?
- Yes. Many owners roll the proceeds into another property to defer the tax. We work to your exchange deadlines and with your qualified intermediary and CPA.
- Do I need an appraisal before I sell?
- No. We do our own valuation from the rent, the costs and the building. For a first idea, use our free commercial property valuation. Your lender or estate may still want an appraisal for their own reasons.
- How long does it take to sell to Good Harbor?
- You hear back within 2 business days of sending the property, a written offer follows within 10 business days of our call, and closing usually comes about 60 days after signing.
- What do you need to make an offer?
- The address to start. For a written offer: the rent roll, copies of the leases, last year's operating expenses and any repairs you know about.
- Can the price change after the offer?
- It can. Our first offer is a letter of intent, not a contract. It depends on due diligence: the leases, title, an inspection and the numbers you share. If we find something that changes the value, we show you what and why, in writing, and you decide whether to go ahead.
- What kinds of properties do you buy, and where?
- Flex industrial, small-bay warehouse and neighborhood retail, in New England, the Carolinas, the Chicago area and Georgia. Most are 20,000 to 120,000 square feet.
Ready for your next chapter?
Send the address. You get a straight answer on whether your building fits, and a written offer if it does.
Prefer to talk? Call or text617.398.4324