Tuesday, July 14, 2015

Siamese Twins Sold.
Different Models, Identical Price.





“Mr. Laurel” listed the Laurel Realty Building at 150 Washington first. The neighboring owners of the Laurel Plumbing Building at 132 Washington called to say “Me too.” Both long term owners had decided their buildings were ready for new opportunities.

Even though 150 Washington is a two story office building with good parking, and 132 Washington is a one story warehouse / showroom with no parking, their values were similar. The old saying “buy two, they’re small” seemed appropriate to many
prospective buyers. The properties both sold for identical prices but to separate buyers. Both buyers have planned major renovations before the buildings will take on their next lives.



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