Palm Beach Gardens, Florida (November 04, 2014)—With live online bidding culminating on November 12 at 7 pm ET, SVN Auction Services anticipates a flurry of activity ramping up for its Q4 National Online Auction currently underway. The online event features all commercial real estate asset types, one of the industry’s lowest buyer’s premium of 5 percent, and all properties offer a co-broker fee to brokers representing bidders.
The SVN Q4 National Auction addresses the needs of sellers with properties that have to be sold and closed by year-end. SVN Auction Services’ past SVN Q4 events have attracted thousands of buyers and sellers representing every state in the nation and more than 80 countries.
“As we head into the final days of the online auction event, the excitement level of interested bidders ramps up and activity starts to build,” explained Louis B. Fisher III, SVN Auction Services Co-Chairman of the event. “With the wide variety of asset types and the extremely low buyer’s premium, we anticipate activity to escalate quickly during the final week.”
SVN Auction Services, a provider of date-specific sales and special asset solutions, launched this year’s Q4 event in mid-October and has heavily marketed the assets on an international, national and local level.
This year’s event includes a wide variety of quality office, industrial, retail, land, hotels, multifamily, and NNN properties throughout the United States, including a historic hotel in Hot Springs, Arkansas, a fruit packing facility in Orange Cove, California, a former FedEx headquarters campus in Memphis, Tennessee, and a church and school in Oklahoma City, Oklahoma. Assets feature a $500,000 minimum value, up to a value range of $14,000,000. Financing is available for qualified assets.
Unique within the industry, the SVN Q4 National Auction feature SVN’s leading-edge, propriety SVN-BID 2 WIN platform. The bidding site houses all due diligence material for bidders to research the properties of interest. A $10,250 bid deposit is required to be a qualified bidder and gain access to the bidding platform.
This year’s SVN Q4 National Auction sponsors include Chandan Economics, a leading provider of data and analytics to commercial real estate lenders, investors, and policymakers, EBI Consulting, one of the nation’s largest, universally recognized and approved providers of environmental and engineering due diligence services to the commercial real estate investment and finance industries, Sabal Financial Group, L.P., a diversified financial services firm specializing in real estate, banking and lending, and Stewart Title, a leading provider of real estate services that facilitate successful real estate transactions. Stewart Title also is the designated escrow agent for the event.
About Sperry Van Ness Auction Services
SVN Auction Services is a provider of date-specific sales and special asset solutions. It encompasses an elite group of local and regional auction advisors throughout the United States who specialize in areas such as foreclosures, tax sales, multi-properties and bankruptcies. SVN Auction Services offers the industry’s most comprehensive spectrum of auction solutions—from rapid asset resolution and 30-day countdown asset sales to wide area and high impact/high promotion events. As part of one of the most recognized and reputable commercial real estate firms in the industry, SVN Auction Services is supported by SVN International’s more than 800 commercial real estate advisors throughout the nation. This relationship provides outstanding opportunities for SVN Auction Services to serve clients needing to move assets in accelerated timeframes and creates significant value for buyers and sellers. For more information, visit SVN Auction Services.
Zeszutko Corp.-PR on behalf of SVN Auction Services
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Jerry Anderson, CCIM
Executive Managing Director, SVN Auction Services
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