case studies

Vending Concepts, LLC
Buyer Representation
1001 Miller Avenue
Fort Worth, TX 76105

26,552 SF / 4.85 Acres

Vending Concepts LLC Logo

Download Case study
vending concepts stock image

Project Highlights

Property Type

Office-Warehouse Acquisition

Submarket

East Fort Worth

The Challenge

  • Vending Concepts, a Dallas-Fort Worth based full-service vending machine sales company, had outgrown its 10,000 SF facility and was approaching the end of their seven (7) year lease term.
  • Due to company growth, which was anticipated to continue for the foreseeable future, Vending Concepts sought to purchase an office/warehouse building that totaled 25,000+ RSF and offered a large enough site to accommodate its fleet of box trucks.
  • In May 2019, Vending Concepts enlisted Erik Blais of Bradford Commercial Real Estate Services with the goal of locating a suitable purchase option to serve as their new HQ and distribution center.

The Solution

  • Assessed clients needs, including analyzing future growth projections, to create a detailed set of requirements. Compiled list of 12 buildings that met requirement set, touring six (6), before narrowing the options down to two (2).
  • Using extensive market knowledge and local broker relationships, Bradford was able to successfully identify an off-market opportunity during the initial site selection process.
  • Over a period of four (4) weeks, Bradford moved quickly to tour the property, review building systems, and negotiate the framework for a purchase contract.

The Results

  • Bradford successfully negotiated a purchase contract at a significant discount from the asking price and with terms that allowed Vending Concepts to avoid paying rent at their existing location after closing occurred.
  • In February 2020, Vending Concepts closed on the purchase of their new HQ and distribution center, a 29,500 square foot facility situated two (2) acres, at 1001 Miller Avenue in Fort Worth, TX.
  • Through Bradford’s relationships within the market, Vending Concepts was able to capitalize on an off-market opportunity, at a favorable price point, that will support projected company growth for years to come.

The Team

Erik Blais

Erik Blais

First Vice President
View Bio

Not sure who to contact?