Archive for March, 2012

PA Picks – Properties for Aspiring Captains of Industry

March 26th, 2012 by melissa

Commercial properties currently abound at the auction block, with a host of offerings ideal for the industrial/warehouse sector. This week we’re looking at some paramount picks that combine warehouse property with office space, perfect for the industrial business owner on the hunt for a new place to set up shop.

Check out Tranzon’s Bulk Plant/Marine Fueling Terminal and Office Complex in Houma, Lousiana. This property is fully equipped for multiple use types, offering 4,872sf in the Main Office Building with an attached 1,200sf shop and two overhead 18’x20’ doors, an 8,650sf warehouse with office and overhead storage above the office with two overhead 15’x18’ doors, all situated on 1.514 acres. Highlights include a 325sf storage/pump room building, a truck fueling station, bulk fuel storage terminal, and an optimum location near Highway 90. PA digs this one for its lucrative value, appraised at $1,800,000. Bidding starts April 9th and ends April 12th.

Those in the contracting business or in search of a new storefront may want to set their sights on’s commercial building, presenting both warehouse and office space in Cadillac, Michigan. Measuring at 3,350sf sitting on approximately ½ acre, this property includes city sewer, well and natural gas conveniences, a fenced in yard and plenty of storage space. PA is picking this one for its prime location, the high-visibility area of Cadillac’s north side. Auction date is May 1st.

CoStar Article and’s Survey Results of Annual Real Estate Auction Industry see Eye to Eye

March 22nd, 2012 by melissa

CoStar Group recently published on article on the rise of real estate auction sales entitled “Auction Sales Keep Going, Going, Going Up”. This article reflects many of the findings in our 2011 survey of real estate auctioneers, such as Land being reported by respondents as the most frequent commercial property type brought to auction last year at 27%. According to the article, Shawn Miller, director of sales for LFC Group of Companies, noted, “In 2010 to present, we have seen increasing volumes of land / lots coming to market from the banks as they have held onto their balance sheet for several years and have write-down these assets to today’s market value bridging the bid/ask spread within the marketplace.” Read the rest of this entry »

Annual Real Estate Auction Industry Survey

March 20th, 2012 by Ori Klein

This past January, real estate auctioneers nationwide were surveyed with a range of questions about industry activity in 2011 and their projections for 2012.

Topics covered in our survey (download for details):

  • Residential Properties
  • Single family homes, condominiums and coops were the most common type of residential property brought to auction as reported by our auctioneers.
    For more charts and numbers download our Annual Real Estate Auction Industry Survey
  • Commercial Properties
  • Auctioneers were asked to provide us with the most common commercial property type brought to auction – Land hit the number one spot. Read the rest of this entry »

PA Picks – Multifamily = MultiPROFIT

March 5th, 2012 by melissa
In the current sluggish real estate market, one property type seems to be drawing crowds and closing contracts in droves – multifamily. With rentals on the rise and vacancies at an all-time low, investors are smelling major profits with this piece of real estate. This week, we’re taking a look at some potential moneymakers attracting so much attention in the market.

Check out Tranzon Hanley’s 116-unit apartment community in Dallas, Texas. With 75 apartments already rented and only 6 considered in need of renovation, this property will be an easy takeover for the new owner. Select features include ample parking with 55+ covered spaces, and a recently redone leasing office. PA is picking this one for its stellar location, conveniently situated in South Dallas with easy access to US 67 and I-35. Sealed bids are due March 27th. Read the rest of this entry »

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