Sperry Van Ness, LLC (SVN), located in downtown Chicago at 112 S. Sangamon, is pleased to announce the completion of their first commercial property auction in the Chicagoland area. The full service commercial real estate firm auctioned a 5,770 square foot retail building situated on approximately 30,000 square feet of land located in Alsip, Illinois.
The auction attracted both regional and local interest as it was conducted exclusively on Sperry Van Ness’ online auction bidding platform. This platform enables Sperry Van Ness to reach an auction audience that includes both the investor and brokerage communities. There were hundreds of interested online viewers, a total of 45 registered bidders that downloaded all of the due diligence information that was posted in the online vault and 12 of those bidders qualified to bid on the property with advance deposits.
Laurie Ramirez acted as Lead Advisor, spearheading the absolute auction transaction and working in conjunction with Louis Fisher of the Sperry Van Ness International Accelerated Marketing Team. Ramirez said, “My client was in a situation which required quick movement of his property. The absolute auction achieved the quick results he was looking for from start to finish and the property closed three weeks after the final bid was placed. It was a win – win situation for all parties involved.”
Sperry Van Ness LLC is a full-service commercial real estate advisory firm located at 112 S. Sangamon in downtown Chicago. 312.676.1866. For more information, please visit www.svn112.com.