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commercial real estate acquisitions

February 28th, 2008 by admin



commercial real estate acquisitions
How to sell prime real estate commercial property-need national exposure or acquiring companies?

Hi, I am broker associate with on of the Real Estate Companies in town and I am looking forward for new ideas, may be even out of the box! Please describe if you can how to sell prime real estate commercial property. Property is located in a city, regional center and there are more than 30000 cars daily traffic. Two acres of commercially zoned property available for development. Need national exposure in order to find companies who are interested in acquisition and development of the property. Any new ideas welcome.

I’ve seen a few good methods for selling commercial property – Dubai realtors seem to be coming up with them every minute! A couple of approaches than I can recall off the top of my head are:

- collaboration with a government body, creative agency and/or potential tenants to create a picture of the final development, its value to the community and it’s potential for use/rental.

- property auctions, perhaps using the property as a key sale in an established local auction or property event (you’ll take a smaller cut but the exposure could be useful).

- editorial in magazines/newspapers/tv regarding the potential for the development or some interesting background. The more credibility you can build on a non-commercial level, the easier it will be to reach and attract potential collaborators.

I’m assuming you have already listed the property on the national real estate sites and created your own site to capture interest?

Matto

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