Class “A” Office Building, Palm Beach, Florida

1240 Building Auction Results-quoteSold: $4.7 Million
133% of the Minimum Bid

Lamar, I just wanted to again thank you and your staff for your invaluable guidance and assistance in the sale of our property in North Palm Beach.  As you know, we had a 26,000 sq. ft. commercial office building which we built in 1999 with a very nice view overlooking the waterway and Singer Island.  We had it on the market for about 2 years; during which we had only two low-ball offers.  The untimely passing of one of my two partners accelerated my timetable and motivation to move the property.  That’s when I decided to look into auctioning.

I was fortunate to be put in touch with you and the rest was a cake-walk. You and your staff handled everything.  The auction process proceeded right on schedule.  All bidders pre-qualified and put down reasonable deposits.

When auction day came, the process was over in about 16 minutes and yielded a sale price exceeding any previous offers and was net of all fees; which the buyer was pre-committed to pay, along with an additional 1% which came back to us to reimburse the money we had put up for the advertising budget (which was a very aggressive and multimedia, national endeavor).

Due to the ultimate sale price (which was 33% above the bidding floor we, on your advice, had set) our reimbursement was nearly 70% above the advertising budget.  We were very pleased with our experience and I will continue to recommend Fisher Auction Co. to all whom I come in contact with who are looking to sell commercial property, minimize their personal aggravation and efforts and maximize profit.

Eugene L. Ciotoli, Seller



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