Success Story: 5720 Peachtree

  • Jul 12, 2018
  • Marketplace Closings

SALE PRICE: $3,900,000
The success story of this sale illustrates the tremendous value that can be realized through the competitive bidding generated by our Classic Sale Events. The 58,000+ SF office property had been fully vacant for over 2 years at the time of sale, however the investment sales broker highlighted the asset’s strong upside and value-add potential due to its strong location during the marketing process - prominent visibility on a highly trafficked road, an improving submarket, excellent access to both residential and urban neighborhoods, and limited land for future competitive development. The marketing campaign along with a strong focus and push to get investors registered to bid with the help of the energetic RealINSIGHT Marketplace team resulted in a whopping 26 registered bidders, leading to lively, competitive bidding, ultimately propelling the pricing well beyond the Seller’s highest expectations.