In The News - Article

How do you sell an old hospital building empty and abandoned after being flooded 14 years ago? And what price do you ask for such a structure? These questions and others were faced by owner Preferred Development Group, Inc. when they decided to contact J. Durham & Associates, Inc. to explore the possibility of using the auction method to sell their property.

After an initial inspection and property analysis the J. Durham team put together a proposal to market the property at auction. After meeting with the sellers it was decided to establish and publish the minimum accepted bid of $150,000.

As the marketing progressed, many inquiries came from outside the State of Georgia as well as from in state. When the sale date finally arrived, many bidders came to the building while others had prior arrangements to bid via telephone. When the bidding was over the hospital building had sold for more than twice the minimum bid.

“Calling J. Durham & Associates, Inc. was the smartest move we made,” says Mike Yawn, a partner with Preferred Development Group Inc. “From start to finish everything was done professionally and you can’t beat the results. J. Durham and Associates is highly recommended.”

If you have commercial property that you are considering selling, maybe a J. Durham & Associates, Inc. auction is right for you. To find out more about selling commercial property at auction contact J. Durham & Associates, Inc. at (800) 342-2666.