two commissions well earned

[Jim Walker]

Investment Info:

Retail commercial investment investment in Vicco.

Sale price: $2,320,000

25,000 sq foot retail building.

What made you interested in investing in this type of deal?

I had previously sold it five years earlier.

How did you find this deal and how did you negotiate it?

1st time through relatives, second time because I had sold it the first time and had deep knowledge about the building.

How did you finance this deal?

1st time was cash second time the buyer obtained conventional bank financing.

How did you add value to the deal?

I knew every square foot of the building, and it's entire 100+ year history.

What was the outcome?

One building, two commissions five years apart.

Lessons learned? Challenges?

Know everything you can find out and document about a building. Save your old files.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Alvin Lau of Oakland cooperating broker both times.