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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Client Testimonials

  • “David Jappaya is a first class broker. He has helped us lease challenging spaces in tertiary markets through his diligence, relentless follow through, and creativity. Furthermore, David is an excellent communicator, enabling both landlords and tenants to work in a cohesive environment. I would highly recommend him for your real estate needs.”
    Sean Koza
    Group 10 Management
  • “KJ Commercial recently helped us sell our restaurant in Waterford, MI. This was a 10,000 SF+ restaurant, on almost 3 acres, including the sale of equipment and liquor license. Looking back my brother and I feel like it was one of the most lengthy and challenging transactions we have been a part of. A property of that magnitude has a lot of moving parts with several obstacles that we had to overcome. The one thing we could depend on throughout that process was the responsiveness of the KJ team. Anytime a problem arose we could count on it to be addressed with diligent and prompt communication.”
    Roger Brikho
    Owner/Seller, Key Largo
  • "The KJ Commercial staff went above and beyond, tried to save me as much $ as they can!! Highly recommended, extremely professional!"
    Ali Bazzi
    Owner of Quick Ship 4 Less, Inc and Metro PCS Franchisee
  • "Kevin has proven his abilities with several of my clients and myself, to take a transaction from open to close and have all parties satisfied at the closing table. Whether it’s a short sale, cash or conventional deal, Kevin goes the extra mile for his clients."
    Steve Wizgird
    Commercial Lender
  • “Kevin has proven to be a great broker who was successfully able to fill all of my open units. He is very responsive and timely to any questions and concerns I may have or information I may need.”
    Tel Ganesan
    President and CEO, Kyyba
  • “I wish to thank Kevin on the fast work and excellent results we received from his work. Our property was sold at a price that we felt was fair and equitable.”
    Sheldon Goldman
  • "I've worked with many real estate consultants over the years, and I would rank KJ Commercial as one of the most insightful and strategic firms with whom I've partnered. Kevin Jappaya helped us better analyze our real estate needs and took a creative approach in providing solutions. Throughout each transaction, Kevin demonstrated this highest level of integrity and professionalism."
    Martin Manna
    President, Chaldean American Chamber of Commerce
  • “Kevin Jappaya is a true professional. His attention to detail allows clients to have full confidence in his representation. He is very hard working, Honest and a honorable gentleman. Kevin’s dedication and passion for creating deals puts him at the top of his field. I have enjoyed working with Kevin and look forward to our continued relationship.”
    Jitendra Patel
    Founding Chairman, Lotus Bank of Novi
  • “Kevin is a great real estate broker with attention to detail and very helpful in each aspect of the commercial rental process. Many leases signed with Kevin’s help.”
    William Stacey
    Owner of Lapeer Market Place and Holiday Inn Express - Birmingham