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Online commercial real estate auctions and special purpose properties are a match made in heaven. When trying to sell property that is hard to value, a lack of decent comps can make a seller and broker's life miserable.
You want to get top dollar for your property, but asking too much will ensure that the phone will never ring. The Future of Real Estate brings the tools and know-how to achieve a true market valuation, ensuring all parties are motivated to close the sale.
For more questions about the process, or to see if your property would be a good fit, give us a call today!
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PAST SPECIAL PURPOSE EVENTS
Hotel - Halle, Germany
This auction was for a large portfolio of properties located throughout Eastern Germany. These properties consisted of apartments, holiday resorts, leased office buildings, as well as large industrial complexes. Through a worldwide advertising campaign, over 20,000 visitors came to this event to learn more about the portfolio. At the conclusion of the auction, over 115 individuals registered to bid. This auction went into almost 3 weeks of day-to-day Last Call bidding, allowing the seller to capitalize on the true market value for these challenging assets.
Whiteface, Texas
±1,426-acre multi-purpose campus located in rural Texas originally offering a temporary shelter for girls, but developed to provide a stable, long-term home environment for abused and neglected girls. This one-of-a-kind property includes amenities such as dormitories, staff housing, daycare center with outdoor play equipment, chapel, school, medical clinic, maintenance shop, swimming pool, gym with basketball hoops and rock climbing wall, barn, fire station with a fire truck, and more. After a wide-reaching advertising campaign, the needle in a haystack buyer came from a similar non-profit with a similar use case.
Senior Living | Two Rivers, Wisconsin
This bank-ordered auction brought velocity to an otherwise stagnant market for this senior apartment community. After an aggressive 45-day marketing campaign, the property held the spot as the most viewed property for sale in the state of Wisconsin. When the bid deadline came, multiple bidders stepped up to place their bid for this asset. Ultimately, a winning bidder was declared and the property successfully closed 30 days later achieving the bank's closing requirements.
Hotel - Halle, Germany
This auction was for a large portfolio of properties located throughout Eastern Germany. These properties consisted of apartments, holiday resorts, leased office buildings, as well as large industrial complexes. Through a worldwide advertising campaign, over 20,000 visitors came to this event to learn more about the portfolio. At the conclusion of the auction, over 115 individuals registered to bid. This auction went into almost 3 weeks of day-to-day Last Call bidding, allowing the seller to capitalize on the true market value for these challenging assets.
Whiteface, Texas
±1,426-acre multi-purpose campus located in rural Texas originally offering a temporary shelter for girls, but developed to provide a stable, long-term home environment for abused and neglected girls. This one-of-a-kind property includes amenities such as dormitories, staff housing, daycare center with outdoor play equipment, chapel, school, medical clinic, maintenance shop, swimming pool, gym with basketball hoops and rock climbing wall, barn, fire station with a fire truck, and more. After a wide-reaching advertising campaign, the needle in a haystack buyer came from a similar non-profit with a similar use case.
Senior Living | Two Rivers, Wisconsin
This bank-ordered auction brought velocity to an otherwise stagnant market for this senior apartment community. After an aggressive 45-day marketing campaign, the property held the spot as the most viewed property for sale in the state of Wisconsin. When the bid deadline came, multiple bidders stepped up to place their bid for this asset. Ultimately, a winning bidder was declared and the property successfully closed 30 days later achieving the bank's closing requirements.