By Ron Boles

Ron Boles, CCIM of Fennell and Associates, commercial real estate solutions, of Reno, Nevada successfully completed the sale of multifamily land with a 1,230 sf single family residence in Sparks Nevada. Originally priced at $295,000 the property end up selling at $182,500. The key in this market is for the principals to be flexible to get the transaction done, unfortunately this can be financially painful to the Seller… just two years ago this was turned around it was the Buyer who was in the financial pain… I look forward to a balanced market without the pain.

Tags: commercial real estate, Land, multifamily land, nevada, Reno

This entry was posted on Wednesday, July 2nd, 2008 at 2:32 pm and is filed under Land, Multi-Family. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.