Case Studies

9841 E Bell Road

Challenge

• Shifting Capital Market environment with increasing interest rates
• Timeline of Sale
• Decreasing volume of office user buyers

Solution

• Marketing blitz including hands on canvassing and cold calling local tenants, blasts to out of state broker network, and emphasis on marketing to professional service firms looking to potentially move out of CA and to AZ
• Leveraging tight micro market for office condos and desire for business owners to remain close to home in North Scottsdale to achieve desired pricing
• Constant communication with ownership throughout process to alleviate concerns on sale timeline and ultimately achieve desired pricing for sale

Results

• Successful escrow and closing through good communication and collaboration with ownership and co-broker
• It sold for $1,297,000 or $410/SF. Goal was over $400/SF
• Our rate of return = 129.56%

Client

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