Sold at Auction ~ 42,303 SF Office Park ~ Southfield, MI

19 - Oct - 2021

October 19, 2021

Sold at Auction ~ 42,303 SF Office Park ~ Southfield, MI

KJ Commercial is proud to announce the sale of Regency Office Park, a 42,303 SF office park located in Southfield, MI.  We took this property to market on the Ten-X auction platform where it received interest on a national level.  The auction generated 73 signed CA’s, 8 registered bidders, and a sale price at the Seller’s reserve.  The property was encumbered by existing debt whereby the successful bidder would be responsible to assume the loan.  At the conclusion of the auction, a Purchase Agreement was signed with a large non-refundable deposit and the property closed after the approval of the loan assumption.

If you have a property currently listed for sale and would like to see if the auction platform could work, please contact:

Kevin Jappaya, CCIM
President
kjappaya@kjcre.com

David Jappaya
Senior Real Estate Advisor
djappaya@kjcre.com

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