Auction.com witnessed a strong sales month in July, not only closing 79 commercial assets, but also closing in just about every major commercial real estate asset class, the company announced Tuesday.
The commercial assets came to a combined sales value of more than $262 million during the month of July.
“As the commercial real estate market continues to experience healthy growth across all sectors, we’re seeing transaction volume trend upwards,” said Rick Sharga, executive vice president of Auction.com.
“We’re also noticing an increase in sales prices within the market as investors continue to take advantage of the current low-interest rate environment to grow their property portfolios,” Sharga added.
Key closings for the month included:
- Schirm Farm Apartments, a 264-unit multifamily property located in Canal Winchester, Ohio
- Roseville Corporate Center, a 231,685-square-foot office property located in Roseville, Minnesota
- Radisson Hotel Branson, a 472-key, full service hotel located in Branson, Missouri