Annandale Real Estate specializes in working with financial institutions and disposing of properties through receiverships and bankruptcies. In the past few months we have closed deals for Bank of New York, Wells Fargo, Comerica, and Capmark, just to name a few. Over the past three years, Annandale has sold over $40 million of distressed or troubled properties.
Companies around the United States have sought out Annandale to help them in the management, resolution and disposition of troubled loans and REO properties. Annandale works with our clients to:
(1) minimize losses,
(2) maximize returns and
(3) add value to the property while getting it sold quickly.
Traditional Sales: The Annandale leadership team has combined experience of more than 50 years in the real estate business. They have assisted clients of all sizes in the purchase and sales of retail centers, office buildings, multifamily apartments, shopping malls hotels and motels, as well as land, truck stops and much more.
Distressed Properties: The executives at Annandale have gained national acclaim for their ability to act as consultants, as well as brokers, in dispositions and valuation of distressed and workout properties. Annandale provides customized solutions to non-performing commercial real estate assets, receiverships, bankruptcies and REO’s and have worked directly with clients around the country, including Eckerd, Kroger, Winn-Dixie, Payless Shoe Source, Home Depot, Wells Fargo, Trigild, GMAC, Midland, Comerica and Capmark.
Additionally, Annandale works with attorneys and investors to offer in-depth valuations, broker’s opinion of value, market comps, and any other information needed so we can quickly and efficiently dispose of both portfolio properties and “one offs,” such as sit down restaurants, QSR’s, gas stations, hotels, big box and malls, as well as industrial and office portfolios. We often partner with Hagan Realty, a highly regarded auction company, to maximize our clients’ return and increase the likelihood of a successful close.
Surplus Properties: As experienced disposition specialists, Annandale’s team can verify the current market conditions and marketability of your property, as well as determine the highest and best uses and comparable sales or rentals graded against your location. Sue Hageman, a senior member of the company, has more than 20 years experience in the disposition of Surplus properties for national clients, such as Kroger, Payless Shoe Source, Home Depot, Staples, Borders Books and Music, Outback Steakhouse, just to name a few.
Auction: Depending on the assignment, we partner with a select group of auction houses or perform the service in house. The customer benefits from our knowledge and experience as well as those of our partners.