“Thank you so much for your help in assessing the marketability of a San Francisco warehouse property. As a minority member of the ownership group, you were aware that I could not control the decision to list the property. Nonetheless, your capable team produced a full marketing proposal, backed by significant research about the parcels in question and the market in general. You were not the only real estate professional consulted by the ownership group, but the depth of analysis reflected in the information you requested of us and obtained from other sources, the report you produced, and your ability to answer follow up questions, was head and shoulders above the others.
In the end, the majority member chose to buy out of the interests of the members who had been in favor of selling the property. Your research and analysis was invaluable to our ability to negotiate a fair buyout price. When the continuing ownership group decides to sell the property, they have my strong recommendation to contact you to manage the listing. ”
— S.P.
“We sold the Gordon Biersch brewery, bottling, and distribution facility in San Jose with Jeffrey Ida a few years ago. After interviewing multiple brokers, we selected Jeff and his team because of their aggressive underwriting. Jeff fully understood the market’s dynamics, the potential buyer pool, and was able to successfully execute on his strategy, achieving a sub 4 cap. Further, Jeff’s development knowledge facilitated the buyers reaching next-level pricing based on the potential future upside at the expiration of the tenants below market lease in 20+ years. This was a tough assignment with a compressed CAP rate expectation and a disgruntled tenant who desired to purchase the asset at a below market price and made access to the buyers difficult at times. Jeff was able to dance around the tenant’s concerns whole procuring a buyer who ultimately met our expectations through a competitive best and final round. We were extremely satisfied and would use Jeff in the future. ”
— K.P., Principal of LPC Real Estate Corp
“We have been working with Jeffrey Ida, for almost two years on a major expansion for our school. We have closed multi-deals in three locations for a cumulative total of almost $70 million. With Jeff’s help and assistance, we have negotiated real estate acquisition deals with sellers of all types and sizes and have closed 100% of the transactions.
Jeff has been and continues to be an integral part of our real estate team and has added value at many different levels.”
— S.J.R.
“ Thank you so much for helping my general partnership sell our telegraph avenue, oakland property. For at least two and maybe three years you diligently called me, while i waited for the regional water quality board to finally issue a no further action letter. I was impressed then by your polite and congenial persistence, and then even more impressed by the effort you put into creating a binder for the property – before even being selected as our agent. I interviewed several other highly recommended people, but they did not put much effort into their presentations.
Working with you was a pleasure. I very much appreciated the insulation you provided from all of the buyers’ requests and demands, at least some of which were quite reasonable. I know it was almost a full time job in the last week or two, but in the end the property closed smoothly.
I can certainly recommend you without any reservations.”
— DR. G.P.
“Courtyard Center, located at 2410 San Ramon Valley Boulevard in San Ramon was the second asset that Madison Park Financial Corporation approached Jeffrey and his team to market and sell for us. Much like the first property that we listed with The Ida Group, Giant Trade Center, Jeffrey was the second broker to list this property within the year. Courtyard Center received pushback from the market: deferred maintenance, A non-traditional two-story retail layout, and water intrusion from the second story open-air plaza.
Ultimately Jeffrey and his team cooperated with a residential broker who represented an overseas buyer. During the entire escrow, Jeffrey and his team held the buyer’s broker and buyer’s hand. They educated the buyer about the commercial process while keeping them accountable and within the parameters of the PSA.
The team worked within our timeline to help close an accommodate our exchange requirements for this asset. ”
— J.P., President and CEO of Madison Park
“Madison park financial Corporation engaged Jeffrey Ida and Brendan Gallagher from The Ida Group to market and sell our giant Trade Center property after having previously unsuccessfully listed with multiple commercial brokerage companies. From day one, Jeff and Brendan’s emphasis was on understanding the challenges with the asset and how best to guide buyers around these obstacles.
The Ida Group’s comprehensive marketing materials clearly demonstrated the property’s value to buyers, so much so that potential industrial buyers traveled as far as Los Angeles and San Diego to tour the property. Jeffrey and the team cleared multiple hurdles while marketing the asset: a rent roll with 60+ tenants with varying lease structures, a subject property with considerable deferred maintenance, overcoming the knee jerk reactions and following education process of marketing an actively monitored DTSC environmental contamination site, and demonstrating to buyer how to maximize profitability in a neglected sub-market. The team managed an extremely smooth escrow process with a 30-day due diligence and 30-day close thereafter to accommodate our exchange requirement.
We highly recommend The Ida Group for any industrial requirement.”
— J.P., President and CEO of Madison Park
“I cannot be more pleased that I hired Jeffrey Ida, Brendan Gallagher, and Cameron Bierwith to sell my property at 2828 Ford St in Oakland. I had previously hired two other brokers who were unsuccessful in selling my property and provided unrealistic expectations, lack of insight, and poor market knowledge.
Jeffrey, Brendan, and Cameron exceeded my expectations and provided real-time data have sales in the area. They helped me realize the true market value of my property and, with the bi-monthly marketing updates, I became aware of the good, bad, and the ugly of prospective buyers. While selling the property, I was also operating my business out of one building and was pleased that they were able to affectively tour, inspect, and sell the property without disturbing my business. Post close of escrow, they even helped me negotiate a lease for a portion of the space. They will be my go-to brokers for all my real estate needs moving forward.
Do not hesitate to hire these gentlemen, contact me if you have second thoughts.”
— T.S., STRAUS CARPETS
“Jeffrey Ida sold our remaining 32 plus years of a leasehold interest on vacant land that was formerly a gas station. We had owned the leasehold interest at 40 Middlefield Rd in Menlo Park for over a decade with the intention of building an office for architectural firm. It took years of Jeff’s professional persistence, however, through conversations with Jeff we realize that time had caught up with us and more importantly that we were far better off to sell the asset and exchange into a positive cash-flowing asset.
Did I mention that the property was vacant land and a former gas station? Jeff’s knowledge of the general plan, the properties zoning, the overall development process, and experience with Phase one/Phase two environmental were critical in selling the leasehold interest. We received multiple offers from Jeff and other agents but somehow Jeff created a competitive environment with the one true buyer and negotiated an increase of 60% over their initial offer.”
— A.W.B., BARKER WAGONER ARCHITECTS
“On behalf of SIMEON, we wanted to thank you for all the hard work and effort on completing the sale of 979 Broadway. We were very pleased with every aspect of the sale from beginning to end. Your ability to put together an offering memorandum, market the deal, aid in negotiations and close the deal were all part of a very smooth and efficient process.
We look forward to working with you on future transactions. ”
