Lender-owned fuel property sits between two specialties: REO and commercial disposition on one side, fuel retail and environmental knowledge on the other. Most brokers have one, not both.
This guide covers how to find and vet agents and brokers who handle bank-owned gas station sales.
Who Handles These Assignments
Lenders assign disposition to REO brokers approved through their asset-management vendors, to commercial brokerage firms with special-asset relationships, or to sector specialists when the asset is technically complex — which fuel retail always is.
Auctioneers and receivers control another slice of inventory. Knowing which channel holds an asset tells you who to call.
How to Find Them
Work backward from closed transactions: pull recent lender-to-buyer deeds on fuel sites in your county and identify the brokers involved. Ask bank special-asset officers who they use. Attend petroleum marketer and convenience-store industry events where these assignments circulate.
Registering as a buyer with several specialists is more productive than watching listing sites, because much of this inventory is placed before it is advertised.
Vetting Questions
Ask how many fuel sites they closed in the last 24 months, how many were lender-owned, whether they can read a state tank file, which environmental consultants and tank contractors they use, and whether they represent lenders, buyers, or both on the same asset.
Ask directly about dual-agency and how conflicts are handled. On REO deals the broker frequently has the lender relationship, and you should understand who they answer to.
Buy-Side Representation
Buyer representation matters more on distressed assets than on operating ones: the seller discloses less, the contract is one-sided, and the technical risk is concentrated in the ground.
For Florida REO and distressed fuel sites, The Gas Station Group represents buyers directly — Bobby Berrido, CCIM, CMAA, (305) 518-1545. See how to find gas station brokers. All transactions are brokered through Fausto Commercial.
Frequently Asked Questions
Speak With a Florida Gas Station Specialist
Request a confidential consultation or off-market opportunities and pricing through our contact page, or call +1-305-518-1545. The Gas Station Group is headquartered at 8603 S Dixie Hwy, Miami, FL 33143. Principal: Bobby Berrido.