Sperry Van Ness (now SVN) Arranges $7.0 Million Sale of Developable Land Parcel in Birmingham, Michigan
Robert J. Pliska, CRE, CPA, MBA, Owner/Managing Director, Sperry Van Ness (SVN) | Property Investment Associates, LLC arranges a $7.0 Million Sale of a 26,000 Square Foot Land Parcel in Birmingham, Michigan
BIRMINGHAM, MI – January 8, 2016 – Robert J. Pliska, CRE, CPA, Owner/Managing Director, Sperry Van Ness (SVN) | Property Investment Associates, LLC and Greg Bockart of Colliers International arrange a $7.0 million sale of 26,000 square foot land parcel with two unoccupied buildings at the north west corner of S. Old Woodward Avenue and Brown Street in Birmingham, Michigan. The sales price equates to $268 per foot or approximately $11.6 million an acre – one of the highest sales per square foot for property sales in excess of ¼ acre in the metropolitan Detroit area per a data gathering service. Purchaser, Woodward Brown Ventures, is a local investor contemplating developing the land parcel. The property was previously occupied by the real estate brokerage firm of Weir Manuel Snyder and Ranke and more recently DRS Services, Inc. Seller, represented by Robert Pliska, Owner of SVN | Property Investment Associates, was WMSR Company who owned the property that Weir Manuel Snyder and Ranke occupied for many years.
Birmingham, Michigan is a very charming suburban Detroit metropolitan area city approximately 20 miles north of downtown Detroit. Birmingham is one of the most upscale communities in one of the wealthiest counties in the country. There are many quality restaurants, shops, banks, theaters and the upscale Townsend Hotel.
About Sperry Van Ness International Corporation and Sperry Van Ness | Property Investment Associates, LLC
Sperry Van Ness International Corp., a full-service commercial real estate franchisor of the SVN brand, is one of the industry’s most recognized names based on the annual Lipsey Top Brand Survey. With nearly 200 locations serving 500 markets, SVN provides sales, leasing, consulting, financing and property management services to more than 5,500 clients worldwide. SVN Associates also represent clients in office, retail, industrial, multifamily, hospitality, land, medical, golf & resort, auctions services, charter schools, distressed real estate and single tenant investments. All SVN offices are independently owned and operated. For more information, visit http://www.svn.com and http://www.propinvadv.com.
Robert J. Pliska, CRE, CPA
Sperry Van Ness (now SVN) | Property Investment Associates, LLC