News
Conway Arkansas Office/Industrial Sold for $780,000
Published: Friday, August 27, 2004
Sperry Van Ness/Gilmore Auction & Realty Co., one of the nations largest commercial real estate investment and accelerated marketing firms, has been retained to sell by auction a 256,000-square foot office/industrial complex located at 700 South German Lane in Conway, Arkansas. This is a sealed bid auction with all bids due by Friday, August 27 at noon, CST.
FOR IMMEDIATE RELEASE
Contact: David Ebeling
Sperry Van Ness
(949) 225-1883
ebelingd@svn.com
SPERRY VAN NESS/GILMORE AUCTION & REALTY CO. TO AUCTION
OFFICE/INDUSTRIAL COMPLEX IN CONWAY, ARKANSAS
CONWAY, Ark., July, 2004 ?Sperry Van Ness/Gilmore Auction &Realty Co., one of the nation?s largest commercial real estate investment and accelerated marketing firms, has been retained to sell by auction a 256,000-square foot office/industrial complex located at 700 South German Lane in Conway, Arkansas. This is a sealed bid auction with all bids due by Friday, August 27 at noon, CST.
David Gilmore, national auctioneer for Sperry Van Ness/Gilmore Auction Company in Kenner, Louisiana and Greg Nabholz of Sperry Van Ness ? Nabholz Properties in Conway, representing the seller, are responsible for the auction. Sealed bid terms are, $5000 certified funds with each bid, 30 day closing with a ten percent buyer?s premium added to the final bid. Bid packages are available for download at www.gilmoreauction.com.
?Industrial properties continue to be a popular choice for auction buyers,? said Gilmore. ?This property is located in a growing industrial and commercial section of Conway, and contains Industrial I-3 Zoning. Income is over $100,000 with plenty of upside potential.?
Gilmore went on to say that auctions are a great way to accelerate the sale, and the buyer frequently is able to purchase at a discounted price. They also transform surplus holdings into cash or earnings assets. An auction is a catalyst for motivating hesitant buyers into action. Auctions expand market reach by employing programs that expose properties to a regional, national and international audience.
Sperry Van Ness, based in Irvine, California, is one of the nation?s leading commercial real estate firms providing auction services in addition to realty advisory, brokerage, consultation, asset management, property management, leasing and financial services to clients in more than 10 markets across the country. Sperry Van Ness has advised clients on billions of dollars in multifamily, retail, industrial, office, hospitality and land transactions.