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Case Studies / Dexter Hayes
sold
Dexter Hayes
Transforming Perception and Maximizing Value
- Overcame skepticism of urban Seattle to highlight Dexter Hayes as a premier investment opportunity
- Emphasized the property’s prime location and unique attributes, generating significant investor interest
- Conducted 28 property tours and received 15 competitive offers, securing a premium sale price and closing the sale in 56 days
Executive Summary
THE CHALLENGE
Marketing Dexter Hayes posed a significant challenge due to its previous exposure in the market and the looming shadow of maturing debt. Potential buyers, predominantly opportunistic investors, were circling the property, attracted by the prospect of securing a distressed deal. The task required not only overcoming preconceived notions but also strategically positioning the property to highlight its intrinsic value and potential upside and ensuring a quick transaction for our client.
WHAT WE DID
Our approach focused on developing a compelling and differentiated marketing strategy. We emphasized the construction quality and unique attributes of the property. Leveraging captivating drone footage showcasing breathtaking views of Lake Union, we created an immersive virtual tour experience. This not only captured the attention of potential investors but also effectively communicated the property’s inherent appeal and potential.
We crafted a narrative that resonated with both new and repeat prospects, showcasing Dexter Hayes as a standout opportunity in a competitive market. By leveraging our deep market expertise and creative marketing tactics, we aimed to generate heightened interest and drive meaningful engagement.
THE RESULT
Our tailored strategy delivered impressive results, including 28 property tours. This concerted effort resulted in a highly competitive process, receiving a total of 15 competing offers. Navigating through multiple rounds of rigorous competitive bidding, we successfully maximized the property’s value. Our adept negotiation skills and strategic approach ultimately secured a premium price point. The successful transaction was finalized with a local buyer who demonstrated commitment to the property and a speedy contract-to-close process.
Site Details
"Dylan and the Simon Anderson Team’s attention to detail and proactive communication throughout the selling process were impressive. Their professionalism and expertise were evident from our first meeting, and they provided valuable insights and guidance that ultimately led to a successful sale of our property. This was a very complicated transaction, with many moving parts. Dylan and his team addressed each and every item and drove the process to closing. My hat is off to them."
Seller
Given a very challenging interest rate environment – and timing pressure – we were excited to get this sale closed, marking the fourth successful sale with this favorite client of ours.
Dylan Simon
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