STATISTICS
May 2012
12,650 RSF
Family Owned Office Property

SERVICES PROVIDED
Property Positioning
Property Valuation
Market Research
Property Sales
Property Leasing
Several References
CONTACT
Steve Hunt
Senior Vice President
+1 408 282 3846
steve.hunt@colliers.com

Brent Dressen
Commercial Sales & Leasing
+1 408 282 3979
brent.dressen@colliers.com
 
BACKGROUND
Family owned office property with high vacancy and significant deferred maintenance.

CHALLENGE
Design a strategy to reposition the property in the marketplace. Address the deferred maintenance concerns while keeping the expenses low. Create a unique marketing effort to acquire more tenants or buyers.

RESULTS
Repositioned the property in the marketplace. Established a value for the asset and located a buyer for the property. Negotiated a strong value and successfully sold the property. Successfully aided the seller in a 1031 exchange.

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