Challenge:
American Investment Properties was retained to sell the three office buildings located at 359 Hauppauge Rd, Smithtown, NY. The three office buildings total 9,000 square feet and is located approximately one mile from Route 347.
The property was approximately 50% occupied and the asking price was $1,650,000. Our task was to find a buyer that saw potential in this location and who was seeking an opportunistic investment.
Action:
Our team quickly brought this property to the market. We began increasing our marketing efforts and advertised this property through our email campaigns, social media accounts, and online listing advertisements. The visibility of this property on the market resulted in over 33,600 total views from potential buyers.
Our President, Ron Koenigsberg, advised the seller on the best terms to accept based on their real estate goals.
Through our various marketing efforts, we were able to attract the ideal buyer for this property.
Result:
The buyer presented an all-cash offer of $1,425,000. Satisfied with this offer, the seller accepted the terms and the property sold at $158 price per square foot. Ron Koenigsberg successfully represented both the seller and buyer on the sale.
View more of our sold properties here.
Thinking About Selling Your Commercial Property?
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