News

CBC Top Choice for Multi-Family Sellers

FOR IMMEDIATE RELEASE

Coldwell Banker Commercial’s Multi-family team is the number one choice for investors looking to successfully list and sell their Multi-family properties. Coldwell Banker Commercial Executive Vice President, Bob Basen, and Senior Sales Associate, Jerrad Schendel represented the buyer and seller of a 5-unit apartment complex situated on Kiowa Road in Apple Valley. Coldwell Banker Commercial’s reputation for effective marketing, timely sales and smooth transactions continue to drive clients toward the High Desert’s number one Commercial Real Estate agency.

The seller was seeking a serious and professional agency to list the property after working unsuccessfully with another commercial firm. Because the seller was working with a 1031 exchange that transitioned into a conventional loan, timing was absolutely imperative. After learning of Basen and Schendel’s footprint in the sector, the buyer quickly sought their assistance. The buyer was a repeat client who has worked successfully in the past with Basen and Schendel on several occasions.

“The stakes and expectations were high on both ends with this sale. We pride ourselves in successful transactions that keep our clients returning and we work diligently to provide them with the best experience possible time and time again. We knew from the start that the seller was set on selling and doing so quickly with or without our team. Because the seller was dissatisfied with his previous experience at another agency, we worked attentively to prove to him that this market is in very high demand, but still requires dedication, hard work and movement from the involved real estate professionals. We were pleased to deliver and in the very small time frame which we had to do so. This was a great experience for all involved parties,” stated Basen.

The fully occupied, two bedroom, two bathroom units offered a great opportunity for the buyer. In addition to the close proximity to schools and parks, the seller worked consistently to maintain the property, presenting an ideal investment in excellent condition.