It is not often that we see high quality commercial real estate assets being offered all in one place for 20 or 30 cents on the dollar, but that is exactly what’s happening at an upcoming online auction starting October 23-25 at www.svnauctionevent.com. The event includes assets that must be sold and closed by year end thus the strong motivation of many sellers including banks.
Kevin Maggiacomo, CEO of Sperry Van Ness International said, “This National Online Real Estate and Loan Auction Event is creating a tremendous opportunity for investors, real estate brokers and other industry professionals to participate and purchase high quality institutional grade assets located from coast to coast. Over 100 assets and portfolios exceeding $120 Million in value will be auctioned during our 3 day event in October. Opening bids from $50,000 to $26 Million will allow investors of all sizes to purchase all commercial property types at very attractive prices. We have made it very easy for brokers to represent their clients and have made the buyer’s premium very affordable. This Event is unique to Sperry Van Ness and a number of Florida advisors have seized the opportunity to offer both their listing clients and investors an exciting way to buy and sell investment real estate”.
The www.svnauctionevent.com assets have co-op brokerage fees available for brokers and the Buyer’s Premium is only 2.5% compared to other events of 5-10% BP, so it is very affordable for bidders. National participants include; First American Title for title and escrow services, RW Kline for loan sales, Auctionpoint a partner of Loopnet for bidders platform and Sperry Van Ness Asset Recovery Team.