2008 Retail Center sells for 8M, 2014 is sells for under 2M

A Retail Center in suburb of Philadelphia on the auction block with a staring bid of 700k, and sold for $1,950,000.00 ,it was last sold in 2008 for $8,000,000.00 by one of the largest commercial broker in the country.

This maybe a great deal for today’s buyers but it was a horrible deal for the person who paid 8 million for it. But I am pretty sure when he closed on it he thought that it was a good deal. What went wrong? How can this be prevented.

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