Date: June 2007Labeled: Owner User SalesSize: 20,700 SFCity: Concord Sale was a lease with an option to purchase which was exercised immediately. Buyer purchased this building along with 2371 Stanwell. Both buildings are connected with a zero lot line. Buyer occupies the building for his business. Eric Erickson represented the Seller. Buyer used conventional...
Date: January 2011Labeled: Owner User SalesSize: 9,800 SFCity: San Ramon Seller sold his company which moved to Bishop Ranch. Buyer was a local doctor and purchased the property for his practice. The Buyer used SBA financing. Seller was represented by Eric Erickson and Jeff...
Date: June 2005Labeled: Investment SalesSize: 3,400 SF / 2 buildings on one lotCity: Concord The initial assignment was to sell the adjacent post office building on East Street. The Buyer was a second bidder for the post office. He offered on this second property, also owned and occupied by Rome Finance. The purchase price was set at a 7% cap rate and Seller leased back for 5 years. 2056/2060 Colfax...
Date: March 2000Labeled: Owner User SalesSize: 10,000 SFCity: Concord Seller was the former occupant of the property. The property was 1/3 leased to the US Post Office and the remaining premises was improved for a telecom switching center. Buyer was a local dentist. Eric Erickson represented the...
Date: October 2013Labeled: Owner User Sales, Size: Three Structures on 21,000 SF lotCity: Concord The Tenant was in default and Seller was at an advanced age and wanted to liquidate the property for his family trust. The real property was three buildings on one lot used for residential care. While the existing use was residential, the property was zoned as commercial mixed use. The Seller engaged our...
Date: December 2008Labeled: Investment SalesSize: 27,000 SF LotCity: Concord Building was sold as part of a larger redevelopment purchase including several other vacant parcels. Eric Erickson represented the Seller. The building was subsequently demolished by the City. It was part of an approved multi-family residential project. Leverage was created for the Seller by posturing to the City that each...
Date: April 2013Labeled: Owner User SalesSize: 8,600 SFCity: Walnut Creek This was an owner user sale financed using SBA. For the Buyer, we prepared a “lease versus buy” analysis and extensive project planning, to pre-underwrite the offer. Buyer agreed to completely redesign and renovate the...
Date: May 2010Labeled: Owner User SalesSize: 18,800 SFCity: Concord This was an off market sale. The property was a foreclosure to a private lender and then was sold to an owner user. Eric Erickson represented both sides. Buyer purchased the property using SBA...
Date: April 2013Labeled: Leasing Services, Owner User SalesSize: 24,000 SFCity: Concord Civic Executive Park started as a leasing assignment. The market was moving extremely slow. The owner agreed to subdivide the three buildings and put in place a condominium plan to sell off units. The sum of the parts was worth more than the whole. Eric Erickson and Tony Binswanger represented the Seller. The Buyer...
Date: February 2008Labeled: Owner User SalesSize: 5,900 SFCity: Walnut Creek This was a double escrow for which Eric Erickson represented the final Buyer. Purchaser’s alternative was an office condominium in better condition, but selected the fee simple ownership in land. Property required extensive rehabilitation. We coordinated an extensive feasibility study by engaging outside experts to advise on...
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