220 King St, Medford, OR 97501

Caspian Hoehne of Merit Commercial Real Estate alongside Martin Outdoor Property Group of John L. Scott Real Estate, exclusively represented the Seller in the sale of a ±12,864 SF two-story 13-unit multifamily complex in Medford, Oregon.

The Challenge: The multifamily property was built in 1943, presenting the considerations that come with marketing an older multifamily asset. The sellers also preferred to keep the property off the local MLS, requiring an alternative strategy to generate exposure and connect with qualified buyers.

Merit's Process: The team developed a targeted off-market strategy designed to connect the property with qualified multifamily investors while also maintaining the seller’s preference for a discreet sale. Marketing efforts primarily emphasized the Property’s income and investment potential to generate interest among buyers.

The Result: The property sold for $1,565,000 at a 5.16% cap rate with conventional financing in January, 2021, after receiving multiple offers.