Assignment
Local investor Sabey retained Pacific Real Estate Partners Investment Team to market the two –building office portfolio to national investors. The property in included a residential condominium component, which was not part of the sale, but required in-depth clarification to potential investors.
Objective
Maximize value through efficiency aligning the project with nearby Seattle CBD assets. Additionally, tenant sensitivity to this property sale made confidentiality and public relations a crucial element of the assignment.
|
Challenges
Deferred maintenance, shared ownership on the garage and a peripheral location.
Results
Multiple offers from extremely qualified and motivated buyers. In the end, the Investment Team negotiated a high price with a minimal deduction from deferred maintenance.
|
