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Dwight Selby CCIM and CEO of Selby Realty, Inc is pleased to announce the SUCCESSFUL AUCTION of the THREE MEDICAL OFFICE CONDOMINIUMS at 500 MEMORIAL CIRCLE in the heart of ORMOND BEACH Florida. The seller, VOLUSIA REAL ESTATE VENTURES, is exclusively represented by SELBY REALTY and FISHER AUCTION COMPANY. The buyer is FLORIDA HEALTH CARE PLANS.  The property is comprised of three medical office condominiums with a total of 5,616 square feet. The contract price is $154,000 with a closing planned for late December 2014. The Auction was conducted by Fisher Auction Company on site on Friday December 5, 2014. The minimum bid price was $90,000.
“It is especially exciting to be a part of returning this property to productive use.” commented Dwight Selby. “The auction method of marketing commercial real estate is rarely used in this area. It served these sellers exceedingly well by reducing hold time and allowing them to wind down the affairs of this entity in the 2014 tax year.”  It has been several years since the property was occupied by the sellers, a group of radiologists that are no longer in practice together.
Selby Realty is a full service commercial real estate business offering brokerage, leasing, property management, maintenance, construction supervision, and consulting services. The company serves clients throughout Volusia and Flagler counties from its Ormond Beach offices celebrating 22 years of service providing real estate expertise to corporations, investors, non-profits, lenders and business owners.
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