Date: August 2009Labeled: Owner User SalesSize: 4,200 SFCity: Pleasant Hill Buyer was a tenant in the building and had purchased his dental practice from the Seller years before. This was an owner user sale financed with SBA. Eric Erickson represented the...
Date: July 2009 Labeled:Owner User SalesSize: 6,200 SFCity: Walnut Creek Sold to a local doctor as an owner user sale. Office interior improvements were completely remodeled for medical use. Building did not require a use permit for medical. Sale was competitive for the Seller because the Buyer was negotiating with two other properties on the market and decided on 500 Lennon (after an extensive...
Date: January 2011Labeled: Owner User SalesSize: 1,184 SFCity: Lafayette Sale was complicated due to Seller’s IRS Liens and the need for cash to close. Property was purchased by the Contra Costa Dental Society. Eric Erickson represented the...
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...
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: June 2014Labeled: Investment Sales, Owner User SalesSize: 60,000 SFCity: Walnut Creek We started this assignment consulting with the Landlord on the leasing market two years prior to the lease expiration of the single tenant. Leasing activity was very slow in this sub-market. Vacant spaces could sit for years. After losing the existing single tenant, the Landlord authorized us to widely market the...
Date: February 2012Labeled: Owner User SalesSize: 6,700 SFCity: Walnut Creek Off Market sale of a medical office building. Seller and Buyer were represented by Eric Erickson and Drew Malm of Colliers. We learned of the opportunity through the first floor tenant. After the tenant passed on the opportunity, we presented the building to the Buyer. Buyer had been in the market for 18 months looking for a...
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