SSIR Web News:
Street Sotheby’s Commercial Division
Building owner enjoys significant upside
Street | Sotheby’s International Realty (SSIR) took over the leasing and management of the 60,000 square foot 501 W. Schrock Road Building 5 years ago. The out-of-state investor’s building was 70% empty. At that time the building had a NOI value of $3.2 Million. Today the building is 100% leased and has been sold to another out-of-state investor for $5,825,000. The new owner has retained SSIR to continue leasing and managing the building.