Walker Commons

Challenges:

Walker Commons, a 13,800 SF shopping center in Walker, Louisiana, needed to be sold at auction. The center was fully occupied with long-term tenants, but the goal was to create strong competition among potential buyers and achieve a competitive sale price despite market challenges.

Actions:

Justin Langlois and his team at Stirling Investment Advisors partnered with Ten-X to facilitate the auction, leveraging their platform to reach a wide audience of investors. To generate interest, the team provided comprehensive due diligence materials and required confidentiality agreements for access. We carefully managed the auction process to ensure a smooth and competitive bidding environment, approving a select group of serious bidders to participate.

Results:

  • Achieved a final purchase price of $1,775,000
  • Received 14 bids from 10 unique bidders, demonstrating a high level of interest
  • Approved 21 fully vetted bidders to participate in the auction
  • Secured 150 confidentiality agreements from investors to review the due diligence materials
  • Generated 3,386 property page views on Ten-X during the marketing period

Testimonial

"The strategy to market our property via auction exceeded our expectations. Justin’s attention to detail, extensive market outreach, and expertise in managing a competitive auction process led to a great outcome. We are extremely satisfied with the sale and the seamless execution from start to finish."
- Nicolle Schultz