CASE STUDY NAPLES, FL MSA • OVER 81,000 SF • PRICE: $5,357,000 BUYER PROFILE SELLER PROFILE PROPERTY PROFILE Private, high-net worth investment group Minority owner/ management company Built in 1975 and extensively renovated in 2014. Consists of climate and non-climate units as well as space for RV and Boat storage. THE STORY • Number of bids: 7 • The majority owner had received a direct offer of $4.7 million from the minority owner, who was also the management company. • The majority owners had a fiduciary obligation to their investors to maximize the sale price so they engaged SkyView and let the market determine maximum value through SkyView’s bidding process. • The minority partner was ultimately awarded the deal after increasing their original offer by $637,000. • TH

Join for free to read