A 102,679 square foot, two-building, multi-tenant office complex located in Agoura Hills, California. The project was 88% leased with a mix of local, regional and national tenants. Located in the San Fernando Valley, the property has excellent freeway visibility and access.
Douglas Wilson Companies’ (DWC) Brokerage Team was engaged by JP Morgan Chase to manage a marketing plan to sell the note secured by the real estate to obtain maximum percentage of par value.
DWC completed a comprehensive market analysis and financial model to support the maximum fair market value of the secured assets. A wide marketing outreach to qualified note purchasers was undertaken with a focus on local and regional investors/owners of similar assets. Two classes of buyers were identified. Solely yield-driven investors and those buyers seeking to perfect a foreclosure and own the real estate.
Multiple “indicative bids” were obtained resulting in a best and final round of bids. The final bid exceeded the client’s underwriting price objectives.
Douglas P. Wilson
Agoura Hills, CA
Douglas Wilson Companies was founded in 1989 to provide a wide range of specialized business, workout, and real estate services to law firms, state and federal courts, corporations, partnerships, pension funds, REITs, financial institutions, and property owners throughout the United States.
1620 Fifth Avenue
San Diego, California 92101