$24.5 MM sale of a 184,000+ SF downtown, high-rise office property.
SALE PRICE: $24,500,000
The sale of a 184,000+ SF downtown, high-rise office property demonstrates that RealINSIGHT Marketplace’s Classic Sale Event process is the right choice for selling CBD office buildings. Marketplace partnered with a prominent, local investment sales brokerage team to aggressively market the opportunity to acquire a prominent, CBD property with below-market occupancy and at a significant discount to replacement cost. A true value-add opportunity coupled with an efficient, transparent sales process and a focus on bringing as many qualified investors to register for the live event, resulted in a highly competitive bidding environment ultimately driving pricing well above (or beyond) the seller’s expectations.