David Massie, President of DJM Commercial Real Estate, recently sold an office / medical building in Newbury Park, CA for about 20% over the latest comps representing the seller.
David was able to convince the City of Thousand Oaks to change the zoning to allow medical use in addition to the existing office use because the demand for medical space in this area is strong and supply is limited.
David then targeted a medical buyer to achieve a higher price and was able to get the property to appraise for the buyer’s loan.
The sales market in southern CA, David’s primary market, is very hot with many more buyers than sellers and it is a good time to sell because of this.
If you want creative ideas on how to sell your office, medical, retail, industrial or other commercial building for more, please contact David at david@djmcre.com or call him at 805-217-0791.