Multi-Family Portfolio, Downtown Richmond, VA – $37.3MM

HIGH PROFILE RIVER CITY RENAISSANCE CASE NO. 14-34080-KLP EASTERN DISTRICT OF VIRGINIA (RICHMOND DIVISION)   SVN Auctions Represented: Debtor in Possession Asset Location: Richmond, Virginia Asset Type: Multi-Family Portfolio Sale Price: $37,350,000 ($84,866 per unit)   CLIENT CHALLENGE Billed by local media as the “Largest Sale of Multi-Family Real Estate” in the history of Downtown Richmond. 440 multi-family...

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Nationally Anchored Retail Cntr, Salisbury, MD – $5.9MM

AVALON PLAZA CASE NO. 11-19440-TJC U.S. BANKRUPTCY COURT   SVN Auctions Represented: U.S. Bankruptcy Court / Trustee Asset Location: Salisbury, Maryland Asset Type: Nationally Anchored Retail Center Sale Price: $5,925,000 at 7.73% Cap Rate   CLIENT CHALLENGE Avalon Plaza consists of three contiguous buildings as an operating neighborhood retail center on the Eastern Shore of Maryland. The property is...

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Why the Auction Method is an Avenue to Consider

SVN Menish Auctions If you’re interested in selling a property “as is, where is,” the auction method is typically the way to go. Instead of marketing a property with a set listing price in a negotiated sale, some sellers opt for the time-sensitive format for a variety...

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