Re Bath Pro Secures Prime Showroom Location in Indianapolis with Strategic Lease Negotiation

CLIENT PROFILE:

Re-Bath of Indianapolis specializes in modern, functional bathroom remodels. As a locally owned company, they offer a wide range of products and services, including tubs, showers, sinks, vanities, lighting, and flooring. They guide clients from design to completion, providing in-home planning, a variety of color and pattern options, and exclusive proprietary products. Re-Bath ensures a personalized and seamless renovation experience, making them a go-to for bathroom remodeling needs.

CHALLENGE:

Finding a suitable location on the northeast side of Indianapolis near Fishers posed a unique challenge for ReBath Pro. Their requirements included a space between 5,000 and 10,000 square feet, with enough office space for a showroom.

ACTION:

Efforts were focused on highlighting the property’s prime location and its versatile features. The facility’s heavy industrial zoning (I4) with no restrictions made it an appealing investment opportunity. The seller worked closely with a group of local professional investors, redacting the buyer’s ownership entity for confidentiality. A key aspect of the transaction was securing a corporate high credit tenant for the site, which included a lease agreement at the time of closing.

RESULTS:

  • Within a span of three months, the property was listed, put under contract, and successfully closed in July 2023.
  • The deal, an all-cash transaction, was efficiently negotiated over three weeks.
  • Despite the environmental concerns common to heavy industrial sites, careful planning, site rearrangement, and expedited environmental assessments ensured a smooth due diligence process.
  • The buyer’s long-term investment strategy aligns with leasing the property to a heavy equipment rental tenant.

TESTIMONIAL

“We had the pleasure of working with JDM Partners, and specifically with our agent, in securing a fantastic location for ReBath Pro. From navigating a competitive leasing environment to negotiating terms that aligned with our vision, they demonstrated unwavering professionalism. The landlord’s willingness to fund improvements made the process seamless. JDM Partners truly understands the market and exceeded our expectations. Highly recommended!”

-Chris, ReBath Pro Pittsburgh, Cleveland, Columbus, and Indianapolis