Selling an Office Investment
One of our last office listings went from listed to closed in less than 60 days (74,000 square foot, 6-stories, listed in November and sold in December). We have been successfully selling office properties for many years. In fact, our office holds the record for selling the seventh and eigth largest office building in Sperry Van Ness history! Selling an office investment is a complicated assignment that involves reviewing all lease documents, determining the "true" current and future net operating incomes and evaluating how to maximize the sale price of the asset. We work with ownership to insure that all of the property's value is identified.
Within 24 hours of receiving property details we will have a marketing package ready including a specific property website. Within one week all Sperry Van Ness Advisors (over 900) from Chicago to New York to Los Angeles to Miami will know of the investment opportunity. Within two weeks we will send out an email blast to 58,000 commercial real estate brokers. No other commercial real estate firm will do this. Most importantly, every brokers knows that Sperry Van Ness shares their commission equally.
Once we have a qualified buyer they will be given a password to access other levels on the website and will be able to download leases and other critical documents. Our goal is to provide as much information to the buyer as needed to insure the deal does not get renegotiated at a later date due to missing information.
Our skills will be used throughout the process as we work with the brokers, buyers, lenders, appraisers and inspectors. We know what is needed to close a deal and we get it done.
We are top producers at Sperry Van Ness International and have been called the best broker in Chicago. We have achieved the highest ranking in customer surveys and are one of the most recognized real estate brokerage firms in the Country. You will be given expert guidance and informed on an ongoing basis with all that we do.
Recent Office Sales
Mount Prospect, Illinois 60056
Description: 147,500 square foot, 7-story office building located in Mount Prospect, Illinois. Sperry Van Ness Commercial Real Estate Advisors sold this property twice in less than four years for different owners. First sale was to a Chicagoloand investment group represented by a Chicago broker. In the second sale, the Chicagoland investment group retained Sperry Van Ness for the disposition and property was sold to a family trust who owns over fifty commercial properties in the midwest.
Rockford, Illinois, 61107
Description: 77,200 square foot, one story office building leased to BlueCross BlueShield on a long-term basis. Sperry Van Ness Commercial Real Estate Advisors represented the Seller. Southern California buyer came out of a 1031 trade and was represented by a non-Sperry Van Ness broker out of Tulsa, Oklahoma.
Rolling Meadows, Illinois 60008
Description: 74,191 square foot, 6-story office building located in Rolling Meadows, Illinois. Sperry Van Ness Commercial Real Estate Advisors sold this property within 60 days of getting the listing. Buyer came from south suburbs of Chicago and was represented by a south suburban real estate broker. Prior to getting the listing, Sperry Van Ness predicted to seller that buyer would be a local property owner looking to add to his existing portfolio.