Michigan Commercial Real Estate Auctions

Lender-Ordered Online Auction in Flint Township, MI

Posted by rbennett on August 30, 2013
Michigan Commercial Real Estate Auctions / No Comments

Liquidation Sale for a +/-8,400 SF Commercial/ Retail Building

Could be Divided into Multiple Units
+/-200 SF of Frontage
Newer Roof installed in 2011

$50,000 Minimum Bid

*Broker Participation Offered*
All bids must be submitted by October 3rd at 5pm
Visit website for more property and auction details;
www.FRE.com/164L1

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Sold: 148,000 SF Office Complex

Posted by rbennett on August 26, 2013
Michigan Commercial Real Estate Auctions / No Comments

For certain assets and markets, we are witnessing demand exceed supply and through our online auction marketing program an open, fair, transparent and competitive bidding environment is established to ensure the ownership that the property is not potentially undervalued in a conventional sale.  Due to increasing market demand for this client’s asset, the seller’s pre-established reserve was exceeded 2x.  Often for vacant buildings, such as the below referenced property, there is demand aware/interested but there is no sense of urgency to acquire in a conventional sales program due to extended time on market and multiple list price reductions.  The markets attitude is “The property has been on the market for 6+ months with multiple list price reductions, I will just wait and see what the next deal is”.  The auction process and our sealed bid format is what creates the neccesary sense of urgency to convert the market demand into buyers, in fear that they will miss out on the acquisition.

We are currently structuring our 4Q/YE disposition throughout the US, please let us know if you would like to further discuss the implementation of our strategy for your property portfolio.

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Minimum Bid No Reserve Auction for Two Office Buildings in Southfield, MI

Posted by rbennett on July 10, 2013
Michigan Commercial Real Estate Auctions / No Comments

Online Auction for ±148,000 SF Office Building
Southfield, Michigan

Prime Redevelopment Opportunity
Two Buildings on 5.56 Acres
Partially Occupied with M to M Tenants

$350,000 Minimum Bid with NO RESERVE!

*Broker Participation Offered*
All bids must be submitted by August 8st at 5pm
Visit website for more property and auction details;
www.FRE.com/163L1

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Online Auction for Office, Industrial & Retail Properties in FL & MI

Two Story Office Building in Farmington, MI
± 24,725 SF on ± 2 Acres
Recently constructed light industrial building in Deland, FL
± 25,300 SF total space | ± 1000 SF office space
3-Building Shopping/Retail center in Fernandina Beach, FL
± 9,198 SF on ±20,000 SF | ±200 feet of frontage
Minimum Bids as low as $99,000
All bids must be submittrd by August 23rd
Visit website for more properties and auction details;

 

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