4715 E. Wabash Ave., Baltimore, MD 21215

LARGE WAREHOUSE 20,000 +/- SF Industrial Warehouse Building in "Lucille Park"

Located in Baltimore City, Maryland this warehouse had been occupied by a single tenant for over 15 years.  When the property went vacant the owner decided to sell the property as opposed to renovating and re-leasing.  The owner had been in negotiations with the neighboring property owner but was unable to secure a satisfactory deal.  Through our marketing efforts and the auction process, Alex Cooper created a bidding war that ultimately ended with the neighboring property owner paying significantly more than they had offered prior to the auction and purchased the property “as-is” with no contingencies on financing for inspection.

Sell at Auction Why You Should Sell Your Property at Auction

Using the Alex Cooper auction platform to sell a property can be very advantageous for the property owner. Traditional brokerage purchase agreements for real estate are written with preference given to the buyer, not the seller.

Sell at Auction

The Auction Purchase and Sale Agreement

Our auction Purchase and Sale Agreement (PSA) gives the seller distinct advantages, such as:

  • The Buyer pays the commission via a Buyer’s premium.
  • The Buyer pays transfer taxes.
  • The property sells as it is, where it is.
  • Contingent-free contracts—there are no property inspection, appraisal, or financing contingencies.
  • Buyer pays a non-refundable earnest money deposit as high as 10% of the purchase price.
  • Sale terms for vacant properties require expenses, such as real estate taxes, to be adjusted to the sale date, rather than the settlement date.

Buy & Sell How Does the Auction Process Work?

The Alex Cooper bidding platform gives your property extensive exposure, ensuring a broad audience of potential buyers. This reach is further expanded by syndication across platforms like Zillow, Realtor.com, and Redfin for residential properties, and CREXI for commercial properties, maximizing visibility. Our auction process offers the seller a minimum reserve price, a practice where Alex Cooper Auctioneers has a notable record of meeting or exceeding expectations. This approach protects the seller’s bottom line while ensuring a transparent and fair process where market forces drive the property’s final selling price.

Contact Get Started

The team at Alex Cooper is here to see you through every step of the process of selling your property at auction.

Interested in learning more? Contact the Alex Cooper team today to learn more about the benefits of selling real estate auction.

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