[WSBAPT] Not sure what my client needs, but surely one of you will tell me- Commercial property

[Eric Nelsen]

I do think a commercial realtor might be a good fit. A plain appraisal on the stand-alone property wouldn't necessarily give a good figure, because if this is a possible multi-parcel package with multiple owners, it's the total price and the agreed allocation between the owners that will be most relevant. The agent does the running around, does the time-consuming legwork to try and put a deal together with the neighbors and coordinate a sale, and pulls in an attorney to assist/protect the client in the context of the agreement between neighbors. I'd suggest Blair Savidge at http://www.savidgeinvestment.com/.

Sincerely,

Eric

Eric C. Nelsen
SAYRE LAW OFFICES, PLLC
1320 University St
Seattle WA  98101-2837
phone 206-625-0092
fax 206-625-9040




From: wsbapt-bounces at lists.wsbarppt.com [mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of Elena Garella
Sent: Friday, November 07, 2014 10:26 AM
To: WSBA Probate & Trust Listserv
Subject: [WSBAPT] Not sure what my client needs, but surely one of you will tell me- Commercial property

I have a client (87 years old, but very competent) who has a small piece of commercial property in a desirable location.  He is currently using it as a machinery repair shop, but logically it should be sold to a developer who would build spendy condos with an astounding view.  Sale is tricky, though - any developer would also want to buy one or more adjacent properties, and my client's building is co-owned with another gentleman (also willing to sell at the "right price").  My client needs to work with someone who can look at his property and figure out how much to sell it for, and maybe even talk to the neighbors.  In other words, come up with a rational plan.  I was thinking a commercial appraisal, but we need a little more handholding than just a report.  Realtors are constantly approaching, but I do not believe they are giving him realistic reports, I believe they just want the listing.  Thoughts & recommendations?





--
Elena Luisa Garella
Law Offices
K.R. Trigger Building, Suite 208
3201 First Avenue South
Seattle, WA 98134
phone: (206) 675-0675
fax:  (206) 922 5679
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