1292 Hammerwood Avenue
Sunnyvale, California |
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| The client was looking to simplify his portfoliio while maintaining a high asset value. He had been approached by a prospective buyer with an offer to purchase one large asset in his portfolio. The client was considering the offer but did not feel that it was a strong offer. He turned to CB Richard Ellis to validate his concern that the offer was below market. |
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By selecting CB Richard Ellis, he was able to accurately price the property and locate a buyer within a short period. Since the building's tenant would be vacating in a few months, it was important to avoid a lengthy sales process.
Within one month, the property was put in contract for $750,000 more than the original offer to the client. The client was able to achieve his primary objective of shifting his investment portfolio into a different asset type with less exposure to risk. |
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