Bidding runs until November 12 with all asset types represented;
Event features one of the industry’s lowest buyer’s premium
SVN Auction Services, a provider of date-specific sales and special asset solutions, has launched its popular and highly anticipated SVN Q4 National Auction. Bidding started on October 15 at 7 p.m. ET and culminates on November 12 at 7 p.m. ET. All commercial real estate asset types are represented for this online auction event that features one of the industry’s lowest buyer’s premium of 5 percent.
The SVN Q4 National Auction addresses the needs of sellers with properties that have to be sold and closed by year-end. SVN Auction Services’ past SVN Q4 events have attracted thousands of buyers and sellers representing every state in the nation and more than 80 countries.
“This is an outstanding online auction opportunity and really epitomizes the talent, expertise and leadership of our nationwide Auction Services team,” said Kevin Maggiacomo, Sperry Van Ness International Corporation President and CEO. “Of the top commercial real estate brands, Sperry Van Ness is unique in its commitment to establish such a comprehensive Auction Services vertical. As a result, the Auction team—and the assets it represents—receives the marketing punch and visibility that only a national firm can deliver, combined with the specific strategic insight and support that only a local SVN Advisor can provide. It’s a win for everyone involved.”
This year’s SVN Q4 event includes a wide variety of quality office, industrial, retail, land, hotels, multifamily, and NNN properties, including a historic hotel in Hot Springs, Arkansas, a fruit packing facility in Orange Cove, California, a former FedEx headquarters campus in Memphis, Tennessee, and a church and school in Oklahoma City, Oklahoma. Assets feature a $500,000 minimum value, up to a value range of $14,000,000.
“We not only aggressively promote the SVN Q4 National Auction on a national and international level, but also on a local level where the assets are located,” explained Louis B. Fisher III, SVN Auction Services Co-Chairman of the event. “Combine this with the co-broker fees that are paid and the extremely low buyer’s premium and you see a clear picture of SVN’s ethos of commitment and collaboration. It’s who we are.”
The SVN Q4 National Auction will feature SVN’s leading-edge, propriety SVN-BID 2 WIN platform. It’s a user-friendly, secure online bidding platform that provides a set of robust features allowing users to easily search by location, value and product type.
All properties are presented in an honest, ethical, straightforward manner meant to attract only qualified, serious bidders. Financing is available for qualified assets.
This year’s SVN Q4 National Auction sponsors include Chandan Economics, a leading provider of data and analytics to commercial real estate lenders, investors, and policymakers, EBI Consulting, one of the nation’s largest, universally recognized and approved providers of environmental and engineering due diligence services to the commercial real estate investment and finance industries, Sabal Financial Group, L.P., a diversified financial services firm specializing in real estate, banking and lending, and Stewart Title, a leading provider of real estate services that facilitate successful real estate transactions.
About Sperry Van Ness 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 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’s more than 800 commercial real estate advisors throughout the nation. 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.