Date: May 2013Labeled: Investment SalesSize: 4,600 SF Commercial CondominiumCity: Brentwood Investment sale of three office condominiums. The property was fully leased; however, the credit worthiness of one of the tenants was not good. Value added was achieved by replacing one of the tenants with a better credit rating tenant paying more rent. Eric Erickson represented the investor and completed the...
Date: August 2008Labeled: Investment SalesSize: 11,100 SFCity: Concord Investment sale to local investor. This sale was complicated because of a tax bill and infighting within the family after inheriting the property. There was some deferred maintenance and termite damage. Eric Erickson represented the Buyer. The buyer purchased the property using conventional...
Date: July 2011Labeled: Investment SalesSize: 13,588 SF building on 24,000 SF lotCity: Concord The owner of this property was forced to sell because the private lender would not refinance the note. Buyer was a developer who planned to demolish the building to resell to the John Muir Hospital. Property was adjacent to the hospital. Eric Erickson represented the Buyer. This was an all cash...
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: 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: 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: July 2013Labeled: Investment SalesSize: 22,000 SFCity: Walnut Creek This was an off market deal. We represented a trade Buyer looking for value added opportunity. Seller just completed a lease to consolidate uses and would vacate the building in 18 months, as the building was deemed in excess. Vacancy in the market was 5% or less for similar office space. Buyer’s team prepared a cash flow...
Date: May 2006Labeled: Investment SalesSize: 32,000 SFCity: Concord A major tenant was nearing lease renewal and Seller was also at an advanced age and wanted to liquidate the property for his family trust. Seller engaged our team to list and widely market the property. We prepared an Argus analysis of the property, a sales prospectus, and pre-sale due diligence packages. The property sold to a local...
Date: February 2006Labeled: Investment Sales, Leasing ServicesSize: 100,000 SFCity: Oakland Seller engaged us to widely market the property for Investment Sale. We prepared an Argus analysis of the property, a sales prospectus, and pre-sale due diligence packages. As the lead leasing agent, Eric Erickson prepared the Leasing Market Analysis/ Market Data section of the offering and worked with the...
Date: April 2012-April 2015Labeled: Investment Sales, Leasing ServicesSize: 64,000 SF | 48,000 SF | 24,000 SFCity: Concord 100% Leased |1470 Civic Court | April 2015 We completed two 1,600 sqft leases in 1st quarter of 2015 at 1470 Civic Court to bring the property to 100% occupancy. In less than three years our team sold six buildings totaling 88,000 square feet to owner users and investors...
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