SVN Auction Services and Insignia CRE Coordinating Sale of Former State-of-the-Art Data Center in Phoenix
Property will be offered in an online-only sale May 5 -10 with a minimum bid of less than 60% of recent appraisal
Phoenix, Arizona (April 11, 2016)—SVN® Auction Services, a national provider of date-specific sales and special asset solutions, and Phoenix-based Insignia CRE, are coordinating the sale of a commercial building in Phoenix that was the former location of a state-of-the-art data center. Located at 3830 N. 7th Street, the property will be offered in an online-only auction May 5 – 10.
Located in Central Phoenix, in one of the most desirable and fastest growing areas, the property features a minimum bid of less than 60 percent of a recently commissioned third party 2015 appraised value.
The property features 14,249 square-feet of office/warehouse space situated directly on 7th Street with excellent visibility and frontage. It is turn-key ready for another data center or other commercial adaptation and features extensive electrical upgrades and ample parking.
Leading the sale effort on behalf of SVN Auction Services are industry veterans Louis Fisher, CAI, and David Gilmore, CCIM, CAI, AARE. Rounding out the team are Phoenix-based advisors Neil Sherman and Shane Benjamin of Insignia CRE, who are providing their depth of local market expertise in assisting with the transaction.
“We’ve assembled an excellent team, with the right asset type and local market expertise, to successfully market and coordinate the sale of this property,” said Fisher. “It’s why clients—such as this major, Nevada-based corporation—continue to rely on us for our expert guidance and serve their asset needs. We deliver.”
SVN is built on a philosophy of teamwork. It’s a client-first approach that features compensated cooperation among advisors and co-brokers to produce maximum results for buyers and sellers of commercial real estate assets.
“It’s a philosophy and well-proven approach that works,” said Gilmore. “It provides significant benefits for our clients and new opportunities for our team.”
About SVN 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, receiverships 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, which features 200 locations serving more than 500 markets. 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.
Louis B. Fisher III, CAI, SVN Auction Services / 954-931-0592 [email protected]
Neil Sherman, Insignia CRE / 602-695-6650 [email protected]
Ken Zeszutko, Zeszutko Corp.-PR on behalf of SVN Auction Services / 321-213-1818 [email protected]