VIEWS: 10 PAGES: 1 CATEGORY: Commercial POSTED ON: 6/27/2010
Industrial Real Estate Transaction in Berks County. Hamburg Industrial Real Estate Deal by Bryan Cole of NAI Keystone Commercial & Industrial, LLC - The Premier Commercial and Industrial Real Estate firm in Reading Berks County Pennsylvania. www.Bryanecole.com for more information.
Park Avenue Funding finds results by utilizing NAI Keystone and Bryan Cole Location: Rt. 422 Douglassville, PA 19508 Challenge: Park Avenue Funding took back a 2.5 Acre commercial lot, which was part of a bankruptcy. The site was located in a small Berks County sub-market, and had limited access to main road systems, and a raw piece of dirt. Park Ave- nue Funding was looking for a brokerage firm to dispose of the asset quickly, without giving a development time. NAI Solution: NAI was able to successfully complete the sale of the asset within 4 months of initiating the assignment. The agreement was structured to give the buyer only three months to complete due diligence and settle within 30 days there- after. NAI listed the property at $300,000 which was not a quick sale price, being that the site was completely un-improved other then a retention basin in the rear of the site due to nearby development. NAI sold the site for $200,000 by utilizing its large list of developer, retail contacts; and structuring the deal to give the developer just enough time to feel they could get their approvals. NAI now works with PAF to dispose of assets throughout the state of PA. Who is NAI Keystone: NAI Keystone is a full service commercial and industrial real estate firm. NAI Keystone maintains a prominent market share in Berks and Schuylkill Coun- ties. NAI offers various services including but not limited to; Landlord repre- sentation, tenant representation, consulting services, site development, site selection, and property management. NAI Keystone is part of NAI Global, which is a managed network of commer- cial real estate brokers and companies which spans throughout the world. NAI Global has 325 offices in 55 countries and an annual transaction volume of $45 Billion. For additional information please visit www.Bryanecole.com or email us at Bcole@naikeystone.com
Pages to are hidden for
"NAI Keystone's Bryan Cole handles sale of foreclosed piece of land in Douglassville PA"Please download to view full document