09/01/2026
25 Kiel Ave in Butler is officially SOLD.
And boy, this one was quite the journey.
We found the property five years ago, moved quickly, got the deal—and then walked away after inspections. A decision that turned out to be the right one at the time.
Not long after, I jumped back in as a partner with the buyers I had passed the deal to. What followed was a complete gut renovation, new partnerships, a business buyout, and more obstacles than I can count: town approvals, permits, challenging tenants, taxes, rising material and labor costs… you name it.
But we kept moving forward.
We created great new living spaces within the building’s existing footprint, brought in amazing tenants, and ultimately positioned the property for a successful sale.
When it came time to sell, my partners handed me the keys to do what I do. We generated multiple offers over asking—but even that came with a curveball. One buyer broke contract and walked away, resulting in damages awarded to the sellers. We regrouped, pivoted, found the right next buyer, and this time got it across the finish line.
A lot of lessons came from this one:
- Who you’re in business with matters.
- Stuff will happen. Plan accordingly.
- Good partners make the potholes a lot less painful.
- Location still matters.
- Conservative underwriting makes all the difference.
- There are a million ways to structure a deal—find the right path and create a win-win.
Proud of everyone involved, grateful for the lessons, and thrilled to cash out of this opportunity and move on to the next one.
Congratulations to the new owner of 25 Kiel, my partners and sellers—celebrations soon—and our incredible team of lenders, cooperating agents, and attorneys who helped get this one done.
What a ride.
