21,213 SQ FT
Within 48 hours of commencing the marketing assignment for the U.S. District Court Building, multiple offers were generated by GOVT Real Estate Group, and a private individual investor in a 1031 exchange was selected for the acquisition. All contingencies to the sale were removed after 10 days, and the buyer released an earnest money deposit of 14% of the sales price to the seller, which equated to $1.3 million on a transaction size of $9.3 million. The property was sold at 99.5% of the list price.