Auction.com LLC has just reported closings on 127 commercial assets last December. The total combined value of these assets was more than $327 million, and the sale of retail properties accounted for more than $129 million of the month’s closings.
Image credit: GarthM via Pixabay.com
Rick Sharga, executive vice president of Auction.com said “We saw robust activity in the brick-and-mortar retail segment as 2014 came to a close. Deal volume is up, but prices are cooling in the sector due to trends like the growth of e-tailing, and excess inventory coming to market as big box stores shutter thousands of locations.”
Notable closings included:
Auction.com attracts a large pool of bidders from around the world and offers complete transparency to qualified buyers. In turn, competition from buyers enables seller’s assets to be transacted at a fair market value. The Auction.com platform allows transactions to be completed in a more efficient manner than previously possible through using the most up-to-date internet technology to streamline a process that has traditionally been paperwork-heavy and cumbersome.
Anyone interested in buying or selling commercial assets should contact Joseph Cuomo, senior vice president and director of business development on 305-503-2637.