Auction.com has reported closings on 66 commercial assets sold during the month of October. The assets had a combined sales price of $315 million, topping Auction.com’s October 2014 total sales of $281 million. Properties from five CRE sectors — office, retail, apartment, industrial and hotel — performed well on the Auction.com platform.
“October was another strong month for CRE sales on the Auction.com platform, with robust sales in every industry sector," said Gordon Smith, general manager of Auction.com’s commercial real estate division. "As year-over-year price growth and sales volume remain strong in the CRE market, more brokers and building owners are choosing to work with us to expose their high quality assets to the broadest possible universe of potential buyers."
Notable closings from October include:
Auction.com’s CRE Finance Portal offers new financing options, providing users with additional flexibility needed when looking for properties and opening the door for a larger audience to participate in commercial real estate auctions.