Posts

Compass Real Estate Closes Eagles Landing for $2 Million | Atlanta

Compass real estate The Compass Real Estate Team is honored to announce the closing of 8.84 commercial acres located off of Eagles Landing Parkway and Country Club Drive in Atlanta, Georgia.  The project is one of more than 26 assets entrusted to Compass Auctions & Real Estate to list and sell on behalf of the Federal Deposit Insurance Commission (FDIC).  Compass, with offices in Nashville, Chattanooga, Western Kentucky and Atlanta works closely with Special Assets Consultant T. Kyle Swicegood, CCIM to assist in the disposition of assets nationwide.

The Eagles Landing Development was assigned to Project Manager Justin Ochs, VP of National Development for Compass.  Ochs worked diligently with FDIC officers over the past several months to identify potential developmental concerns and effectively transfer the commercial acreage back into the public’s hands.

“Additionally, Ochs and Compass Real Estate conducted an exhaustive search through specially designed marketing techniques. Identifying cash buyers who could overcome any potential concerns.”

Compass real estate eagles landingCompass real estate eagles landingCompass real estate eagles landingCompass real estate eagles landing

 

 

 

 

The Eagles Landing Parkway Development consists of 2.24 +/- acres on the corner of Eagles Landing. With  additional 6.51 +/- acres located on Country Club Drive, for a total of 8.84 acres.  Furthermore, Ochs worked with buyers to identify and overcome erosion control issues, buffer zones and ingress and egress issues. Successfully selling the entire development in 5 months.

The property was listed and sold by Team Compass for a total of $2,000,000.  FDIC Officers and Asset Managers have been extremely pleased with the performance of properties. These properties were listed across the state of Georgia by the Compass Real Estate Team.

Compass Selected to Sell Property Adjacent to Turner Field

Propety Adjacent Turner Field

Chattanooga, TN – Compass Auctions & Real Estate, LLC an auction and real estate firm headquartered in Chattanooga, TN was recently selected by the Federal Deposit Insurance Corporation (FDIC) to list and sell a real estate portfolio in the Metro and Southern Atlanta area totaling nearly $20 Million.  The highlight of this particular group of properties is 40 parcels of property adjacent to Turner Field Stadium.

The 40 parcels equal 4.67 acres and are located between Hank Aaron Drive SE and Georgia Ave SE in the Atlanta metro area of Fulton County, Georgia. Since 1997 the MLB Atlanta Braves have been using the Turner Field ballpark as their home field. In November 2013, they announced the intent to depart for a newly built ballpark located in Cobb County, Georgia. The Atlanta Braves will play their final regular season home game at Turner Field on October 2, 2016.

Compass Auctions & Real Estate, LLC will represent the FDIC in the sale of the remaining 40 parcels.

With the announcement that the Turner Field area would likely go under significant change with the departure of the Atlanta Braves organization; Atlanta Mayor, Kasim Reed, announced that the Turner Field stadium and the surrounding parking areas would be up for sale and redevelopment opportunities in late 2016. Several entities expressed interest and in 2015, the Atlanta Fulton County Recreation Authority announce that Georgia State University and a local development company had placed the winning bid for Turner Field.

Compass Auctions & Real Estate, LLC will represent the FDIC in the sale of the remaining 40 parcels. The properties are zoned MRC-1-C, which stands for Mixed Residential Commercial District, providing an appropriate balance and scale of pedestrian‐friendly, commercial uses that meet the needs of the residents in the district.

Compass provides traditional real estate and auction services for real property and industrial assets throughout the southeast with offices in Chattanooga, TN, Nashville, TN, Western Kentucky & Atlanta, GA.  For more information regarding these assets please call (800) 729-6466, or visit www.SoldonCompass.com

Contact: Justin Ochs jochs@soldoncompass.com 800-729-6466

Property Adjacent Turner Field

Turner Field Adjacent Property for Sale

Compass Real Estate Closes Millertown Pike Project for $1.77 Million – Knoxville

From www.tennesseeauctioneer.com

Compass Real Estate Closes Millertown Pike Project for $1.77 Million – Knoxville

The Compass Real Estate Team is honored to announce the closing of 7 commercial land lots located off of Millertown Pike in Knoxville, TN.  The project is one of more than 25 assets entrusted to Compass Auctions & Real Estate to list and sell on behalf of the Federal Deposit Insurance Commission (FDIC).  Compass, with offices in Nashville, Chattanooga, Western Kentucky and Atlanta works closely with Special Assets Consultant T. Kyle Swicegood, CCIM to assist in the disposition of assets nationwide.

The Millertown Pike Development was assigned to Project Manager Justin Ochs, VP of National Development for Compass.  Ochs worked diligently with FDIC officers over the past year to identify potential developmental concerns and effectively transfer the commercial tracts back into the public’s hands.  Additionally, Ochs conducted an exhaustive search through specially designed marketing techniques to identify cash buyers who could overcome any potential concerns.

The Millertown Pike Development located at the corner of Millertown Pike and Loves Creek Rd included 7 tracts totaling 7.75 acres.  Ochs worked with buyers to identify and overcome erosion control issues, buffer zones and ingress and egress issues and successfully sell the entire development in two separate transactions.

The property was listed and sold by Team Compass for a total of $1,775,000.  FDIC Officers and Asset Managers have been extremely pleased with the performance of properties listed across the state of Tennessee by the Compass Real Estate Team.

Compass Real Estate Closes Retail Strip Center for $1.15 Million – Knoxville

The Compass Real Estate Team is excited to announce the closing of a 30,000 SF retail strip center  located on Willow Point Way in Knoxville, TN.  This property is one of more than 25 assets across the state of Tennessee entrusted to Compass Auctions & Real Estate to list and sell on behalf of the Federal Deposit Insurance Commission (FDIC).  Compass, with offices in Nashville, Chattanooga, Western Kentucky and Atlanta, works closely with Special Asset Consultant T. Kyle Swicegood, CCIM to assist in the disposition of FDIC assets nationwide.

http://tennesseeauctioneer.com/blog/wp-content/uploads/2015/05/DSC03303.jpgThe Willow Point Way Strip Center was assigned to FDIC Project Manager Justin Ochs, VP of National Development for Compass.  Ochs worked diligently  over the past year to assist FDIC Officers in stabilizing the property so that it could be effectively transferred to the public.  Ochs worked closely with the Compass Property Management team to resolve major wear and tear issues and make repairs.  Additionally, Ochs completed an exhaustive search to find the right buyer who could bring cash to the table and overcome many existing development issues.

Partially leased by a fitness company, the retail strip center located on Willow Point Way encompasses over 30,000 square feet.  Situated on approximately 6 acres, the building was in the middle of being completed when taken over by FDIC.  The covenants and restrictions initiated by the initial developer made this a unique property to find a buyer for who could resolve any legal issues.

The property was listed and sold by Team Compass for $1,150,000.00.  FDIC Officers and Asset Managers have been extremely pleased with the performance of properties listed across the state of TN by the Compass Real Estate Team.

For complete professional service, we encourage you to contact the Compass Agent nearest you:

Justin Ochs, M.S., CAI

VP of National Development

Compass Auctions & Real Estate

(423) 702-6180

Ochs Closes More Than $9 Million in Real Estate Transactions for 2014

Team Compass employs individuals of the highest caliber to care for their clients.  It was no surprise when our Principal Broker and VP of National Development, Justin Ochs, shattered company records with an outstanding 2014 real estate season.

Justin’s passion for excellence, customer care, and pursuit of excellence has allowed him to reach new heights in the real estate industry.  Notable closings included an office building on 4 acres located in Thomposon’s Station, TN.  Ochs used his network to attract the attention of Dave Ramsey, multi-millionaire and noted financial guru.  Mr. Ramsey purchased the building for $1.9 million.  Other notable transactions included the sale of Arbor Crest Subdivision in Mount Juliet for $1.4 million, and several commercial tracts in downtown Knoxville for $1.3 million.

justinochsandfamily

Justin’s expertise also gained national attention in 2014.  The asset managers for the Federal Deposit Insurance Corporation (FDIC) awarded Justin a $30 Million real estate portfolio to list for sale in the traditional marketplace.  Ochs worked closesly with Special Assets Consultant T. Kyle Swicegood, CCIM to manage and broker the sale of these assets.

“I rely on real estate professionals across the country; Justin Ochs is my most trusted professional,” stated T. Kyle Swicegood.  ”He knows how to take complex assets and market them in a way that brings about the highest value. Trustworthy, hardworking and a student of real estate. He is the go-to person in the Tennessee marketplace.”

Ochs also served a number of residential buyers in 2014 overcoming obstacles to ensure buyer’s  every need was met, and closings continued as scheduled.  One of the most memorable he recalled was a transaction with Tim & Renee Sherk moving from Dade City, FL.  The Sherks had 3 weeks to find a home, get moved in, and prepare their children for the next school semester.  Justin not only kept the transaction on schedule, but had builders complete interior remodeling projects to their chosen home before and after closing.

“Thank you so much for all your efforts in making our move and new home so special, “Renee Sherk stated.  ”Thanks for going above and beyond to cover other’s mistakes at times.  You are a class act!”

Ochs not only set record sales in 2014, he began to develop and continues to build a top performing real estate team across the southeastern region.  Justin currently trains Compass agents from across the state and has opened new offices in Western Kentucky and Atlanta, Georgia.

“One of my favorite quotes is from Zig Ziglar,” Ochs commented. “‘You don’t build a business. You build people, and then people build the business’.  We are in the business of building people, building the business is just something we get to enjoy along the way.”

Justin encourages you to seek out a Compass Agent in your area for your next real estate transaction.  Links to these professionals can be found below:

Wilson/Rutherford County – Ray Hubner & Stephanie Hubner

Davidson/Sumner County – Alexzandra Geyerman

Hamilton County – Chris Wood & Miller Haynes

Western Kentucky – Joshua Abner

For more information, Contact Compass Auctions & Real Estate Corporate Division at (423) 702-6180, or their Nashville Division at (615) 757-3339.

COMPASS REAL ESTATE SELLS ZIPS GAS STATION FOR $1.31 MILLION

Compass Real Estate Sells Zips Gas Station for $1.31 Million

Lebanon, TN (4/29/2014) – Compass Real Estate is excited to announce the closing of the Zips Gas Station located at 1137 Castle Heights Ave in Lebanon, TN.  This property is one of more than 25 properties entrusted to Compass Real Estate to list for sell on behalf of the Federal Deposit Insurance Corporation (FDIC).  Compass Real Estate, with offices both in Chattanooga and Nashville, works in association with The Swicegood Group, Inc. of North Carolina to assist in the disposition of FDIC-owned real estate nationwide.

This gas station was assigned to FDIC Project Manager Justin Ochs, Principal Broker/Lead Auctioneer for Compass’s Nashville Division.  Justin quickly resourced Compass’s extensive database of national and international buyers.  Within 30 days and before a list price could be issued by FDIC, Justin brought 5 competing buyers to the table.  A final call for highest and best offers was issued as soon as the list price was announced in early December.

Built in 2001, Zips Gas Station offers the perfect location placed at the corner of N. Castle Heights Ave and N. Cumberland St.  The convenience store encompasses 6,649 +/- square feet of gross building area with an automated carwash and 14 covered gas pumps.  The location, high traffic area, and array of income producing amenities made this gas station an easy buying decision for interested parties.

This property was listed and sold by Team Compass for $1,310,000.00.  FDIC Officers and asset managers have been extremely pleased with the performance of properties listed across the state of Tennessee by Team Compass.

Justin Ochs, M.S., CAI Principal Broker/Auctioneer Compass Auctions & Real Estate Nashville Division TennesseeAuctioneer.com “Choosing the right company to handle your auction often makes the difference. With a passion for excellence and extraordinary performance, Compass Auctions & Real Estate works to secure the highest dollar for your assets”

Compass Auctions – Serving Tennessee, The South East, U.S. and Worldwide

Compass Auctions Providing Auction Services in Tennessee, Southeast, U.S, and Worldwide

Compass Auctioneers & Team Members

Compass Auctions providing auction services in Tennessee, Southeast, U.S, and Worldwide

Where has the Compass Auctioneers & Team been in the last few days!

  • Chattanooga, Tennessee
  • Kissimmee, Florida
  • Knoxville, Tennessee
  • Nashville, Tennessee
  • Dallas, Texas
  • Cincinnati, Ohio
  • Atlanta, Georgia
  • Los Angeles, California
  • San Diego, California
  • Louisville, Kentucky

Compass provides top level customer service and auction strategy, planning, staging, and marketing to multiple industries and individuals.

Compass Team Professionals are Available For Every Auction or Real Estate Scenario:

  • Traditional Real Estate
  • Real Estate at Auction
  • Industrial Asset Management &  Surplus Auctions
  • Power Plant Decommission & Asset Management
  • Investment Recovery Auctions & Management
  • Homes & Estates of Distinction
  • Estate Auctions
  • Farm & Ranch
  • Heavy Equipment Auctions
  • High End “Specialty Asset” Auctions
  • Fundraising, Benefit & Charitable Event Specialist
  • Luxury Estates
  • FDIC Real Estate Agency
Selling at Auction

Historians cite auctions as the oldest means of selling in human history, dating as far back as 500 BC. Auctions provide a place for capitalism to flourish in its basest form, as it has since the development of money. At auctions, supply and demand truly interact; buyers determine the demand, and sellers determine a supply. This competition shows the true market value of an item. Prices at auction are determined by fair-market competition. On a more personal note, auctions give you the chance to sell your items – be it real estate, heavy equipment, tools, and personal property – on a certain date. No more waiting, no more listing, no more spending your time marketing! Auctions take care of all of those things, and Compass can help you in that endeavor.

We offer consultations and opinions of value in order to give you all the facts you need before selling. Once contracted, we will market your property and assets via online marketing services, local print advertising, social media, email, nationwide networking, and more. Our staff has training and experience with marketing real estate and assets of all shapes and sizes, so feel confident that Compass gets your real estate and assets marketed to the right buyers in a professional manner.

Be comfortable when selling your items with Compass Auction & Real Estate. Auctions offer a competitive bid process that allows for almost everyone to participate. This allows your real estate and assets much more exposure than they would receive through traditional marketing. Here at Compass, our 38 years combined experience in the auction world gives us the tools and resources to do the job well. We will be fair, honest, and completely transparent. Our staff will be available to you throughout the entire process. Most asset-based auctions will be settled out within 10 business days, and most real estate auctions closed and funded within 30 days.

Let Compass field the calls, do the showing, and answer the emails, and manage the buyers. Compass Auctions & Real Estate does C.A.R.E.

Compass Auctions & Real Estate provides solutions and professionals to fit your specific needs.

Contact a Compass Team Member to find out how our company can assist you.

info@soldoncompass.com or 423-702-6180

 www.SoldonCompass.com

 

COMPASS AUCTIONS & REAL ESTATE AWARDED FDIC CONTRACT TOTALING NEARLY $30 MILLION

COMPASS AUCTIONS & REAL ESTATE AWARDED FDIC CONTRACT TOTALING NEARLY $30 MILLION

By Justin Ochs | Published December 17, 2013

Compass Auctions & Real Estate Awarded FDIC Contract Totaling Nearly $30 Million

Nashville, TN – Compass Auctions & Real Estate, LLC ( www . SoldonCompass .com ) is pleased to announce the  Federal Deposit Insurance Corporation (FDIC) has awarded the company the listing of 26 properties across the state of Tennessee totaling nearly $30 Million.

Compass Auctions & Real Estate, headquartered in Chattanooga, TN, has assigned Justin Ochs, Principal Broker and Auctioneer of the Nashville Division as Lead Project Manager.  Justin’s work ethic, customer service skills, professionalism and expertise in contract negotiation are highly sought after in the traditional market.  Ochs worked closely with associate T. Kyle Swicegood, CCIM of the Swicegood Group, LLC in North Carolina who has a proven track record in handling FDIC assets.

“We are humbled to be selected by the FDIC to assist in the disposition of these assets,” Ochs commented.  “Our team is working diligently daily to ensure these properties receive the correct exposure in the marketplace, and the public as well as our database of clients are informed of these FDIC offerings to ensure they bring the highest value possible.”

There is a large variation in types of properties being offered by theFDIC currently.  The properties range from residentialsubdivision tracts, to office buildings, warehouses, retail strip centers, and even mountain cabins.  Locations vary as well, from as far west as Dresden to as far east as Greeneville with several properties located in and around Nashville and Knoxville.

“Many of the listings including office buildings and retail centers that are already income producing with current lease agreements,” Ochs noted.  “Many other FDIC assets are great investments ranging from a gas station with carwash in Lebanon, to rental cabins with mountain views in Gatlinburg.”

Compass Auctions & Real Estate,  LLC has specific divisions focused in the auction marketing and traditional sale of residential and commercial real estate, farms and land, along with farm machinery, heavy equipment and other surplus assets across the United States. For more information, call (423) 702-6180  or visit www.SoldonCompass.com

Justin Ochs, M.S., CAI

Principal Broker/Auctioneer Compass Auctions & Real Estate Nashville Division TennesseeAuctioneer.com “Choosing the right company to handle your auction often makes the difference. With a passion for excellence and extraordinary performance, Compass Auctions & Real Estate works to secure the highest dollar for your assets”

pic1 pic6 pic5 pic4 pic3 pic2