Commercial Real Estate Broker Services

The City of Saratoga Springs is seeking proposals from qualified and experienced commercial real estate brokers for the sale of three existing City-owned properties and the acquisition of one identified property for sale to locate the Department of Public Works garage and Department of Public Safety Police Department onto a single municipal campus. The selected broker will be responsible for assisting the City with brokerage services, representing the City's interest in marketing and negotiating the sale of three City-owned properties, and negotiating, determining market value, making offers, and closing on the acquisition of the identified property for sale. Key responsibilities include: • Advice regarding pricing, market valuation, and appraisals of the three City-owned properties and the identified property for acquisition • Strategic planning and marketing the three City-owned parcels for sale • Acquiring title searches and condition assessments of all properties identified • Negotiating with outside parties on the sale and acquisition of properties • Progress updates and timely communication with members of the City Council, assigned City Staff, and other City consultants with active interests in the transaction • Making presentations at public meetings and/or to City officials and staff • Consulting with the City Attorney and outside legal counsel on real property deed restrictions and terms of sale • Handling all customary activities and services associated with real estate brokerage services and real property transactions • Providing deliverables such as title searches, appraisals, a building condition study for the acquired property, valuations, marketing plans, and reports that may be issued during the term of the agreement.