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Peachtree Corners, GA | Office Building | Closed in Online CRE Auction

  • Jul 12, 2018
  • Marketplace Closings

The online CRE auction sale for this value-add office building in Georgia sparked a bidding frenzy that resulted in a sale price that exceeded the seller's expectations.

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 online CRE auctions. The 58,000+ SF Peachtree Corners, Georgia office building had been fully vacant for over two 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, and 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, which ultimately propelled the pricing well beyond the seller’s highest expectations.

 

To learn more, please visit the 5720 Peachtree Corners property page or contact us at info@rimarketplace.com.