Monday, July 12, 2010
A new construction, twenty year ground lease Taco Bell in Sacramento just came on the market. With a ground lease - the owner of the land has no maintenance obligations - the tenant maintains the building, parking lot and landscaping. This is a great investment 1031 tax deferred exchange replacement property for surety of income and no maintenance responsibilities. 6.5% cap rate. $95,000 in annual rent. Offered at $1,462,000. Call me for details 415-269-6249.
A great opportunity just hit the market in Campbell. Four units, all 2 bedroom & 1 bath, 3,150 total square feet of living space, common laundry room, carport parking - the building is in good rentable condition. Sold most recently for $930,000 in 2006 - now on the market as a short sale for $680,000! Two units renting for $1,250 each and the other two at $900 per unit. 13.1 GRM. Solid rental street in non-rent control Campbell. Call me as soon as possible to make an offer on this property - it was in escrow before at a higher list price - now back on the market to move.