The deal was recently named by the Certified Commercial Investment Member (CCIM) Institute’s Nebraska Chapter as a “Big Deal of 2010.” The buyer of the commercial property in Pueblo, Colo., is from Tel Aviv, Israel. The buyer used an agent in Los Angeles and the seller lives in Texas. Smith resides in Omaha, Neb.
“Commercial transactions of this nature can be incredibly complex, which is why it takes someone with a great deal of training and patience to make it happen,” said Smith, Broker/Owner of RE/MAX Commercial Midwest, who opened the office in Omaha in 2005. “It has been a challenging market but professionally trained commercial agents continue to find the right opportunities and match sellers with the right buyers wherever they may be.”
According to the National Association of REALTORS (NAR) Commercial Real Estate Outlook, commercial real estate markets are flat with some improvement expected in 2011. But the $2.4 million sale of a triple net leased Albertson’s food store in Pueblo shows that there’s still plenty of activity for investors and commercial buyers and sellers.
Smith received several serious inquiries and several Letters of Intent (LOIs) on the property within a matter of days after he began marketing it. He has completed between 75 and 80 commercial sales and lease transactions in his career, but this one involved one of the most diverse groups of stakeholders he has ever managed. And for it, the Nebraska CCIM Chapter presented Smith with a “Big Deal 2010 – International Flavor Award.”
As a CCIM agent, a recognized expert in the commercial and investment real estate industry, Smith is among industry elite with extensive training and education in the commercial real estate market and an association with one of the most recognized real estate brands in the world, RE/MAX.
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