Oceancrest is on the forefront of the commercial real estate market. Follow our successes and get up to date accomplishments.
A leading chemical distributor with operations in North America, Latin America, Europe, and South Africa engaged Oceancrest to value and create mark-to-market reports on thirty-two of their sixty-eight asset portfolio. The assets were located in seventeen states and five Canadian provinces.
A number of these assest were located in areas where there were limited assest level comparables. The book values, in most cases, had little correlation with the present market values as they were owned outright and had not been valued in quite some time; therefore the available appraisals were obsolete.
Utilizing extensive third-party market research and valuation tools and techniques, Oceancrest provided mark-to-market analysis for the company's financial reporting. The report enabled the client to have a thorough understanding of their nearly 2.2 Million square foot real estate portfolio, as well as opportunities to sell in the market.
Oceancrest's services provided a valuation that was realistically achievable if the specific asset was brought to market. Per request, Oceancrest sucessfully completed the aforementioned in less than two weeks, which allowed allowed the client to meet their deadline.