Notable
Transactions
Recent
Closings
REO Fairmont, Lexington, KY
42,561 SF - 48 Units
On market approximately one year with competing
brokerage firm. Property had significant
deferred maintenance and high vacancy.
Listed with our firm and was under contract in 14 days. We received multiple offers and sold for more
than the projected sale price.
Client: Wells Fargo/Crown Northcrop
REO Medical, Evansville, IN
SF: 6,274 – 1.12 Acres
Client: Midwest,
Inc.
Client listed property with 3
other firms prior to listing it with us and had been on the market for 2
years. We adjusted the price down
$10,000, implemented our marketing, and received a full price offer within 30
days from a group of doctors. Closed in 45 days with numerous building condition issues at 99.6%
of asking price and buyer paid for all inspection reports, surveys and most of
the closing costs.
N. Green River & Morgan, Evansville, IN
Stanton Optical
Client: Showplace
Cinemas
Build-to-Suit
with multiple offers on site.
Tri-Star Building, Irving,
TX
67,535 SF - 3.63 Acres
Major Tenants: Budd Van Lines, Inc.
Client: Lincoln National Life Insurance Company
Multiple Offers
Lakeway Building, Lewisville,
TX
125,253 SF - 7.46 Acres
Major Tenants: J.A. Majors & Nishimoto Trading Company
Client: Lincoln National Life Insurance Company
Multiple Offers
Whitewater Trade Center, Connersville, IN
141,770 SF - 22.6 Acres
Major Tenants: Wal-Mart, LoBill, Fashion Bug
Client: Developers Diversified
Williamsburg on the Lake ,
Evansville, IN
200
Units
Our firm represented the buyer.
Client: Brookside Properties
Pine
Meadow Apartments, Newburgh, IN
78
Units
6 full price or better offers in 10 days.
Sold over asking price.
Client: Pine Meadow Apartments, LLC
Morganfield
Townhouses, Madisonville, KY
30 Units
CA
seller bought the project 9 month prior while listed with a local broker. They
made the decission that this investment wasn't for them and listed it with us.
Within one week we were under contract with a west coast buyer and sold it for
36% more money than the seller paid for the project. Buyer was represented by
another west coast brokerage firm.
Client:Morganfield Townhouse Properties, LLC
Lake Nora/Fox
Club Apartments, Indianapolis, IN
429,500 SF -924 Units
Bond financed with non-profit
Client: Church of God
Tenneco - NNN
Industrial, Evansville, IN
28,800 SF - B+ Credit Tenant
We
were able to produce a buyer that closed in 6 days at 98% of asking price.
Client: Challenge Properties
REO Pleasant
Green Apt, Evansville,
IN
78,300 SF
- 88 Units
On market approximately one year with competing
brokerage firm. Property had significant
deferred maintenance and high vacancy.
Listed with our firm and was under contract in 14 days, which closed 60
days later. Received multiple offers and
sold at projected sales price.
Client: Wells Fargo/Crown Northcrop
Retail Land ,
Evansville, IN
6 Acres - N. Green River Rd. & Morgan Ave.
After 5 years on the market, Sperry Van
Ness/Martin Commercial Group was retained to market the property. After
multiple offers, we successfully closed this transaction for more per square
foot than the asking price and the seller retained approximately 1.60 acres.
Client: Business
Building, LLC
Net Leased
Industrial, Evansville, IN
29,660 SF - Warehouse
Sold to west coast buyer. Seller acquired the
property 1 year prior and we were able to sell the property within 100 days for
5% more money with one less year on the lease and with higher market interest
rates.
Farber
Building, Champaign, IL
23,000 SF
Prior to listing with Sperry Van Ness it was
listed with another firm with no showings or offers. Vacant property.
Client: Regency Properties
Castle Creek Development, Evansville, IN
26 acres -
Industrial Development
We were able
to produce a buyer who purchased all remaining 26 acres for 99% of asking price
and closed 23 days after contract signing. The end result was that the original
asking price was $1,600,000 and we ultimately sold the development (in two
transactions) for $1,682,000 or 105% of original asking price.
Client: Castle
Creek Development
Old Post
Office/Village, Evansville, Indiana
86,800 SF - Mixed Use Office/Retail
In contract in 8 days and sold to west coast buyer for more than appraised
value. Located in soft office market.
Client: Curtis Investments
Financial
Plaza, Evansville, IN
55,583 SF
Class A Office Space
Sold to local buyer in soft office market.
Client: Curtis Investments
Castle Creek
Development, Evansville, IN
6 acres - Sold to Nebraska Developer
After being available for 5 years with no offers
or activity, we were retained to market the property. With no adjustment to the
offering price, we were able to provided two offers and sold 6 acres within 7
months.
Client: Castle
Creek Development