Victorville, Ca. – Coldwell Banker Commercial’s Multifamily Team has been acquiring listings other agencies can’t seem to move, offering successful deals for new clients who are seeking real results. Coldwell Banker Commercial Vice President, Bob Basen, and Senior Sales Associate, Jerrad Schendel, have recently sold an 11-unit apartment property located in Apple Valley. After sitting stagnant on the market for 9 months, the owner chose a new plan of attack which was joining forces with the Coldwell Banker Commercial Team.

While researching a new agency, the seller chose Basen and Schendel due to their aggressive marketing campaigns and ability to generate strong offers. As soon as the listing was obtained by the Coldwell Banker Commercial Multifamily Team, Basen and Schendel began preparing an in-depth marketing package which generated multiple offers. “With 11 units, a property of this size should be marketed adequately. Multifamily investments are in high demand and exposure is key. Investors need to be presented with demographics and financial and market analyses up front,” stated Basen.

The fully occupied property is situated in close proximity to highly traveled Highway 18. With access to public transportation nearby and situated near retail and schools, this property has been in high demand with apartment renters. “The high demand with renters had a great impact on the multiple offers received. We were extremely pleased we could move this property for the seller. With the Multifamily sector seeing so much activity in the area, proper marketing is imperative. It boils down to exposure and timely follow up with interested parties. With our marketing campaigns and footprint in the industry, we were able to generate multiple offers in a matter of two weeks. We are always happy to offer feedback to potential clients who aren’t seeing results from their current commercial firm and inform them whether or not we think we could successfully move their property more expediently,” stated Schendel.

For more information on how you can work with the Coldwell Banker Commercial Multifamily Team, call (760) 684-8000.

Victorville, Calif. – 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 who was looking for a long term minimal responsibility property. The seller had owned the property for many years and worked consistently to maintain the property, presenting an ideal investment in excellent condition for the buyer.

For more information on how you can work with Coldwell Banker Commercial’s Multi-family team or any of the Coldwell Banker Commercial professionals, call (760) 684-8000.

Victorville, Calif. – The team of Coldwell Banker Commercial Vice President, Bob Basen, and Senior Client Advisor, Jerrad Schendel, completed the sale of a 4-suite office building located in the business corridor of Victorville. Representing both the buyer and seller of the property, Basen and Schendel worked diligently to market the property and obtain the right buyer.

The ±10,878 square foot 4-suite office building with 64 spaces for parking is centrally located and only three blocks from Interstate 15. “Through our strategic and intense marketing, we matched the buyer’s need for a long-term stable investment with this fully occupied office building,” stated Schendel. The property has the added value of a long-term credit worthy tenant who wants to remain.”

Basen and Schendel’s exceptional service and reputation speak volumes when a client returns. “We previously worked with the seller in a buying capacity,” stated Basen. “This client came back to us because he knew we would work hard to get the terms and price that he wanted which we did with a full price offer.”

Basen and Schendel are optimistic about the market for both buyers and sellers and continue to offer their clients exceptional service and value in this competitive market. For more information on how you can work with Basen or Schendel, call (760) 684-8000.

Victorville, Calif. – Bob Basen and Jerrad Schendel of Coldwell Banker Commercial have coordinated the sale of a 10,000-square foot 5-unit industrial building in Victorville. Representing the buyer, the Coldwell Banker team secured the final sale price of $800,000.

Having outgrown his current business space and not finding a building to meet his needs, the buyer contacted Coldwell Banker Commercial Vice President, Bob Basen and Senior Client Advisor, Jerrad Schendel. They originally contacted the Basen-Schendel team about another building in Victorville but after some time spent examining their business model and their overall goals Basen-Schendel were able to find them a building that better suite their needs and at a lower price in the same area they were originally looking. “Industrial space is almost nonexistent in this market,” stated Basen. “Fortunately, we have built strong relationships with many owners and other brokers over the years, giving us access to all kinds of properties.”

Basen and Schendel’s commercial real estate experience and expertise, along with diligent effort paid big dividends in locating an industrial property suited to their client’s specific needs. The commercial real estate team takes pride in their ability to help their clients. “Our team can handle any number of real estate related business needs, from leasing out vacant suites in your building to helping you locate new and better spaces,” stated Schendel. “Being business owners ourselves we always attempt to understand our clients business models and help make real estate decisions that positively affect your bottom line.”

For more information on how you can work with Bob Basen or Jerrad Schendel of Coldwell Banker Commercial, call (760) 684-8000.

Victorville, Calif. – Coldwell Banker Commercial’s Multifamily Team has coordinated the sale of a 21-unit apartment building in Banning. Serving the greater High Desert region, Coldwell Banker Commercial’s Multifamily Team also services Fontana, San Bernardino, Banning, Beaumont, Rialto and many other cities within the Inland Empire. Coldwell Banker Commercial’s Multifamily Team, Bob Basen and Jerrad Schendel are increasing the number of transactions both within and outside of the High Desert area due to increased client demand.

Coldwell Banker Commercial’s Vice President, Bob Basen and Multifamily specialist, Jerrad Schendel represented both the buyer and seller of the sizable property. The seller was a trustee of an LLC who sought out Basen and Schendel due to their large footprint in the Multifamily Sector. The buyer was a repeat client who worked with Basen and Schendel on Multifamily purchases in the past. With a final sales price of $1.5 million, both parties needed a team that would get the transaction completed smoothly and efficiently.

“The Multifamily Sector is extremely competitive for buyers both locally in the High Desert and in the greater Inland Empire region. We are anticipating the demand to continue rising as inventory remains scarce. With the competitive nature of this division, it is imperative to move quickly with both the buyers and sellers to ensure deals aren’t lost due to time and other outside conditions. We were pleased a repeat client continues to choose our team for all of their Multifamily needs,” stated Basen.

“Many of the investors we work with, purchase Multifamily properties throughout the Southern California region. With our growing footprint, we are able to assist these clients with sales throughout California and are pleased when our team continues to be top of mind for their commercial real estate needs,” added Schendel. “Once we know a client’s needs Bob and I will not stop until we find the perfect investment for them.”

For more information on how you can work with the Coldwell Banker Commercial Multifamily Team, call (760) 684-8000.