Plainview, NY April 29, 2010 – David R. Maltz & Co., Inc., successfully negotiated a preemptive bid of $2,440,000 just 72 hours prior to the April 27th auction for the 37,000 square foot office building in Miami Gardens, Florida.
Maltz implemented a highly effective marketing campaign resulting in property inquiries from in excess of 250 potential bidders across the world. With a $1,550,000 opening bid, the Seller was very satisfied accepting the preemptive, quick-close offer 50% above the opening.
After languishing on the market for nearly two years, Maltz created the sense of urgency required in a highly depressed market to successfully sell a building in only 60 days. All parties involved in the Public Auction of this property were very pleased with the selling price and timely closing.
About David R. Maltz & Co., Inc.,
David R. Maltz & Co., Inc., is the premier full service auction company specializing in debt related sales. Since its inception more than 30 years ago, they have built a $100+ million a year corporation with an impeccable reputation for professionalism, honesty, integrity and success. They have conducted thousands of auctions on behalf of such clients as the United States Bankruptcy Courts and Financial Institutions throughout the United States, The United States Department of Justice, The Internal Revenue Service, The United States Government Small Business Administration, Law Firms, Private Individuals and Corporations, nationwide. The firm is nationally recognized as a name in excellence and achievement.