Success Stories

The Albee & Associates Team at SVN has a proven track record of facilitating our client’s sales and revenue goals.

$ + billion sales
With over $12 billion worth of commercial real estate transactions, we know how to close deals and satisfy clients.

Prioritizing Your Needs

Our team specializes in finding buyers that meet your specific goals.

A Team of Experts

Attorneys, accountants, architects and contractors, our team of industry experts guide you through every step of the way.

Ventura Blvd

Objective
To sell client’s owner-user property off-market and quickly in order for access trapped equity near the height of the market. Then the sellers wanted to right-size facilities for their Corporate offices and acquire a new headquarters in a different location at below market pricing.

Challenge
To active market pricing on a disposition without being able to widely market the property and then needing to locate an acquisition suitable for occupancy at below market pricing.

Solution
Albee & Associates successfully sold the first property at competitive market pricing by contacting only 3 suitable buyers. This highlighted our team’s experience and presence in the local area. We understood the perfect buyer profile from the get go and therefore we were able to quickly put together a short-list of existing relationships cultivated from being active in the market.

Ventura Blvd

Sold for $9,800,000
32,916 sq. ft.

Agoura Creative Campus Center

Value $4,400,000
34,100 sq. ft.

Agoura Creative Campus Center

Objective

Repositioning this 1970’s office development property into a creative office campus.

Challenge
The repositioning of this asset needs to be both aesthetically striking and environmentally sustainable. 

Solution
SVN established a series of further goals in addition to budget and design. These additional goals include the identification of rental rates, financing strategies, return on investments, determination of risks associated with the agency approvals and finally the creation of an expedited schedule. The goals were established through professional experience, research of comps, along with city management and planning participation.

Park Granada

Objective
To maximize value for the Sellers on this office park by selling it in pieces to owner user buyers on a price per square foot (as opposed to lower pricing based on a cap rate for aggressive investors).

Challenge
The three buildings were currently being ran as a multi-tenant office park with reciprocal parking on odd shaped parcels.

Solution
We put together a road map for the buyers to purchase a building on the project and utilize for the facilities and investment needs. In spite of the pandemic, we achieve maximum pricing.

Park Granada

Value $1,300,000
10,160 sq. ft.

Find a buyer that meets your goals

Malibu Vista

Sold for $17,500,000
64,033 sq. ft.
Cap. rate: 4.47%

Malibu Vista

Objective
Seller was a limited partnership and had acquired the ocean-front office property in a distressed sale during the 1980’s. The partners had added a significant amount of value during the course of ownership, but they were also ready to part ways.

Challenge
The dense open air had taken a toll on the exterior of the building and the owners did not want to invest additional monies into rehabbing the project.

Solution
SVN received a number of offers on the property, including an offer from an investor who already owned several coastal office buildings in Santa Monica. We recommended to the seller that they go with this buyer, because of their knowledge, experience and ability to obtain appropriate financing. Seller agreed to be flexible in the final sale price, because of deferred maintenance issues.

Buyer’s initial offer came in at $17 million. We negotiated on behalf of the seller and brought the final sale price to $17.5 million.

Paseo Marketplace - Westlake Village​

Challenge
We were representing a Special Servicer, LNR. They were the lender who took back the property during the downturn. It
was a mixed-use, retail/office project.

Objective
To sell the property as quickly as possible before the value continued to deteriorate. The property also had existing
vacancy with additional significant vacancy on the horizon.

Solution
Our SVN team widely marketed their property on an auction platform. The exposure created multiple bids and we
overshot their target price by $1 Million.

Paseo Marketplace - Westlake Village​​

Sold for $14,750,000
226,948 sq. ft.

Park Granada

Objective
SVN previously sold these 3 buildings in 2007 for $11 Million, representing the seller. Strategy was to sell the multiple buildings off separately to achieve the highest price. SVN helped the owners recognize their opportunity to sell the property at a premium cap rate due to market conditions and its pristine location. The seller wanted a less management-intensive property & higher cash flow.

Challenge
The owners had grown tired of giving the time and money required for managing these office buildings, which had deferred maintenance and required substantial upgrades. The property consisted of 3 buildings on 4 separate parcels, an attractive opportunity that the buyer recognized. He then sold the buildings off individually at a premium.

Solution
The buyer was in an exchange but new to office market investment. We persuaded them it was a good investment. The buyer, now the seller, achieved a 30% return. SVN fully marketed the property to the entire brokerage community and local buyer pool, allowing as many qualified buyers as possible to see the property. Marketing focused on an email campaign, a series of print ads and post cards, and cold-calling strategies.

Park Granada

Listed $19,000,000
68,825 sq. ft.

Newport Beach Medical Office

Sold for $10,200,000
50,922 SF sq. ft.
Cap. rate: 6.5%

Newport Beach Medical Office

Objective
The seller’s property was on a ground lease owned by the Irvine Company. The ownership consisted of two silent partners and one that operated an executive suite business inside the building. Disagreements on how the building was being operated, resulted in the partners’ decision to sell.

Challenge
The property was re-positioned and remodeled and a package was prepared to create vision for potential investors. Part of the analysis was complex due to the fact that the building was on a land lease and the buyer would not obtain fee simple interest.

Solution
Once the angles were fully understood and a marketing plan was prepared, targeted buyers were located. Online marketing and email campaigns uncovered a local add-value buyer that understood the upside of the property. This allowed it to sell for a record price per square foot of $256.67 on a ground lease.

Selling the future

The key to maximizing value in a property sale is to identify and present to potential buyers the future value of the asset. Perhaps an office building would be more profitable as a light retail center, or a well situated strip mall would produce a higher return as residential units. We study neighborhood demographics, pending projects and buyer goals to ensure we present a picture of what the property can be and achieve a price aligned with its potential, not just its present value.

Medical Office in Northridge

Sold for $9,300,000
73,616 sq. ft.
Cap. rate: 7.75%

Medical Office in Northridge

Objective
A medical office building located near the Northridge Hospital. The seller undertook a major renovation of the building in 2000, followed by a lease up of the property. The owner, Burt Bachman, of Galpin Ford Motors, wanted to leverage his equity and buy a more passive asset. His after-tax income was a major goal.

Challenge
The property was management intensive which was a challenge for the seller as he approached retirement.

Solution
The buyer was in a 1031 exchange looking for a medical office building near a hospital. With rental rates on the rise, their strategy was to cash flow the asset without the need for major remodels or lease up. This property perfectly fit their needs. They were the Black Swan, willing to pay the highest price out of over 20 offers. The seller received a hefty price for this asset and decided to leverage up to two Walgreens for stable passive cash flow and ease of management.

Yuba City Marketplace

Objective
SVN needed to sell the newly built development on behalf of a merchant builder. The seller’s goal was to pre-lease, develop, and then sell the asset rather than hold and manage themselves.

Challenge
This was an off-market transaction, and not widely marketed at the request of the seller. The seller was represented by
the SVN team in Sacramento. The buyer analysed multiple cities and decided on Yuba City due to his belief in the stability
of the farming industry being recession proof.

The Solution
Our team was able to utilize three SVN offices, Sacramento, Phoenix, and L.A. We were able to find the perfect off-market buyer for the property. Both parties achieved their objectives.

Yuba City Marketplace

Sold for $37,000,000
496,584 sq ft
Cap. rate: 6.00%

Getting You 9.6% More
Through competitive marketing and valuing properties based on it’s best (future) use.
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Whether it's obtaining the highest price or brokering a fast & smooth deal, we produce the buyer and results aligned with YOUR goals.
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Two Property Portfolio

Sold for $13,850,000
116,909 sq. ft.
Cap. rate: 5.00%

Two Property Portfolio

Objective
The owner secured these two properties to add value and to operate them. For health reasons, the owner decided to sell. Due to falling interest rates and an improving economy, he was able to sell for a good profit. The plan was to liquidate and simplify, with the seller preferring to market the buildings quietly.

Challenge
After analyzing the low returns from the apartment building market, our SVN team was able to convey through market statistics and analysis, the upside in the office building market, and in turn, re-focused the buyer’s interest to these buildings.

Solution
The plan materialized out of the need to simplify a client’s life and through consultation with the seller, we enabled him to understand the benefits of liquidation. The buyer achieved their goals of tax deferring their equity and obtaining quality properties, and was able to negotiate better terms with the existing lender.

Creekside Plaza

Objective
The seller decided that while the property did have promise, the risk profile on realizing that promise was too great. The sales price was above comparables for the area, so our SVN team adopted a marketing campaign that highlighted the changes in the area and the possibilities for adding significant value.

Challenge

The property got a lot of interest, but the price and perception were challenges that needed to be overcome. More, because the property had a track record of under-performance, the buyer had a difficult time obtaining the financing to make the deal work.

Solution
The buyer, a syndicator from Texas, was found from the team’s extensive and wide marketing focused on national buyers. Our SVN team worked with the buyer to make sure he could market to his investors and lenders the hidden value of the property. Through a diligent effort by all parties, the property was closed successfully.

Creekside Plaza

Sold for $12,000,000
108,450 sq. ft.
Cap. rate: 3.39%

The Enclave

Sold for $21,500,000
62,726 sq. ft.
Cap. rate: 4.64%

The Enclave

Objective
The property was fully leased to Jakks Pacific, Inc. and the partnership desired to dissolve due to the death of one of the main partners. The sellers interviewed 3 national brokerage firms for the assignment. SVN was selected because of their approach to marketing and employing the entire brokerage community.

Challenge
Understanding the unique location and architectural design let us create a marketing package that told the story and had the ability to communicate the “Wow” factor. Marketing the asset became the primary source of buyer prospects. From online advertisements to Wall Street Journal advertisements, no prospect was missed. International marketing was a key part of this strategy.

Solution
The buyer was found through The Pacific Bridge Team’s email marketing campaign. Many offers were obtained and a best and final bid process was utilized. The buyer was sold on the property’s prime location and future appreciation potential.

Warner View Center

Objective
The economy was in transition, values were starting to decline. Our seller wanted to sell the property before market values declined further. Our SVN team needed to obtain the highest price possible before the market crashed further.

Challenge
The property had in-place debt that had to be assumed by the buyer.

Solution
Our SVN team reached out to the syndicator who previously owned the property. We helped him negotiate with the lender to assume the loan. This was the largest transaction in West San Fernando Valley market in 2009.

Warner View Center

Sold for $11,900,000
72,310 sq. ft.
Cap. rate: 8.50%

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