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.