Industrial :: Case Study :: Albertsons

ASSET DISPOSITION
55,000 SF
7430 Spencer Highway
Pasadena, TX

Objective
Client had asset that was part of a national store closing process. Albertson’s needed a rapid sale and enough money to pay off debts. Albertson’s tried on their own to sell the property for many months with minimal activity and time was of the essence.

Results
NAI Houston and Higginbotham Auctioneers combined forces and launched an extremely aggressive market campaign that included national mailers to users and investors. The property was auctioned and 8 bids were received. NAI Houston and Higginbotham Auctioneers achieved a higher price than what was expected and the property sold in 30 days.

Benefits
Sold property for a high price from an out-of-state investor. Maximum exposure was achieved by the willingness of NAI Houston and Higginbotham Auctioneers to work hard together to achieve the best possible results for the client. This project is an example of the “can do” attitude of NAI Houston. We can meet our client’s business objectives.

 

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