Economic Change and Uncertainty Allows Sellers to Maximize Value
Economic Change and Uncertainty Allows Sellers to Maximize Value
Challenges
Action
After a nationwide government implemented shutdown, lowest interest rates the nation has seen in 50 years, a tenant in Bankruptcy, and unknown certainty in the retail real estate market, is it possible to sell a commercial real estate property for top dollar?
After informing us of the different types of Buyers and who would pay us top dollar for the property, Marc hit the ground running with multiple email campaigns to property owners and Buyers in Santa Monica, West Los Angeles, and throughout the nation. He presented the property to his commercial colleagues via virtual commercial real estate meetings, the property was listed on multiple on-line marketing websites and additional emails were sent through e-mail commercial marketing companies.

Challenges
Action
After a nationwide government implemented shutdown, lowest interest rates the nation has seen in 50 years, a tenant in Bankruptcy, and unknown certainty in the retail real estate market, is it possible to sell a commercial real estate property for top dollar?
After informing us of the different types of Buyers and who would pay us top dollar for the property, Marc hit the ground running with multiple email campaigns to property owners and Buyers in Santa Monica, West Los Angeles, and throughout the nation. He presented the property to his commercial colleagues via virtual commercial real estate meetings, the property was listed on multiple on-line marketing websites and additional emails were sent through e-mail commercial marketing companies.

RESULT
After an extensive marketing period, Marc achieved the following results:
- Sold in 72 days
- Record Building Price/SF on Santa Monica Blvd. from January, 2020 to July, 2021
- Record Cap Rate for a property on Santa Monica Blvd. from January, 2020 to July, 2021
- Successful lease extension negotiation
"Marc worked diligently to make sure this Escrow closed on time given the Buyer received a 60 day loan contingency extension. Marc made sure our best interest was at the top and caught some items I overlooked that could’ve been detrimental to me and my partners. I knew you were the guy to get the building sold for top dollar."
- 1424-1426 Santa Monica LLC
RESULT
After an extensive marketing period, Marc achieved the following results:
- Sold in 72 days
- Record Building Price/SF on Santa Monica Blvd. from January, 2020 to July, 2021
- Record Cap Rate for a property on Santa Monica Blvd. from January, 2020 to July, 2021
- Successful lease extension negotiation
"Marc worked diligently to make sure this Escrow closed on time given the Buyer received a 60 day loan contingency extension. Marc made sure our best interest was at the top and caught some items I overlooked that could’ve been detrimental to me and my partners. I knew you were the guy to get the building sold for top dollar."
- 1424-1426 Santa Monica LLC