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Anaheim, CA | Mixed-Use | Closed on RealINSIGHT Marketplace

  • Jul 12, 2018
  • Marketplace Closings

The online auction sale of the mixed-use property, Stadium Crossing, lead to a closing that exceeded seller expectations

Stadium Crossing was a 165,000 mixed-use property that sold in an online CRE auction via RealINSIGHT MarketplaceSALE PRICE: $46,000,000

The sale of this 165,000+ SF mixed-use property in Anaheim, California demonstrates the advantage that can be gained by using our tiered Custom Sale Event process which combines the competitive atmosphere of a live online auction with the selective approach of a traditional sale. Due to the complexity of the asset’s multiple components (and parcels) – a multi-tenant office building, a former bank building in need of conversion, a church building with an expiring lease, a multi-tenant food court, and multiple stand-alone restaurants - (1) The seller needed to understand interested parties’ underwriting and capital improvements projection, (2) Investors needed the transparency and access to dig into the due diligence materials and to devise a strategy to value and acquire the property. The two-tiered process of our Custom Sale Events offered seller and investors the opportunity to meet their distinct needs leading to a highly competitive live bidding event between a large group of investors with a wide array of investment criteria, underwriting assumptions, and strategic plans for the asset that pushed pricing well beyond investors’ initial indicative pricing.

To learn more, please visit the Stadium Crossing property page or reach out to us at info@rimarketplace.com.