Wednesday, March 31, 2010

SOLD ANOTHER ONE! FORECLOSURE AT 999 CATTLEMEN RD

This bank owned asset took less than 3 weeks to sell from the time it hit the market. Deal was all cash and sold for $73.10 per square foot. Congratulations to the new buyer.

Good marketing = results!

LEASED ANOTHER ONE! 8,600SF.

Many congratulations to the new tenants at 5745 and 5755 N Washington Boulevard. I leased out this 8,600SF building to two tenants within a week. Save Our Homes, LLC took the right side (approximately 3,500 sf) and Coastal Granite took the remaining space.

SOLD ANOTHER ONE! Foreclosure Goes for $51ft

I sold this 3,180SF industrial condo at 752 Commerce Drive in Venice on 2/26/10. The buyer was all cash and it closed in less than two weeks. Value was approximately $51 per rentable square foot. It took me nearly 9 months to move it, too.