Tuesday, November 29, 2011

Office Building Notes for Sale San Francisco Bay Area

There are 5 office building non-performing notes for sale in the Bay Area from one Bankruptcy filing. Offices are located in Oakland, Redwood City, San Rafael, San Francisco and San Mateo.  Notes can be purchased as a bulk or separately.  BK is Chapter 7 or full liquidation.  This is best when an investor wants to foreclose on the properties and acquire the hard assets. Aggregate unpaid balance is just over $9,000,000.  Call for details.

Sunday, November 6, 2011

Rose Garden San Jose Short Sale Home for Sale

Coming soon is a great short sale house opportunity in San Jose historic Rose Garden. Not your typical small house in the Rose Garden. This is a well-located larger home on one of the best streets in the Rose Garden.
Short sales are the new bank owned opportunity in today's real estate market. Most banks now prefer to work through a short sale than the more abrassive foreclosure processs. Patience is a virtue and a necessity in acquiring a short sale - and the rewards are better!
1341 McKendrie Street, San Jose, CA 95126 offered at $795,000.

Tuesday, November 1, 2011

Rocklin Short Sale Hotel for Sale

Sacramento area short sale hotel for sale.  Very nice flag and excellent condition property.  Listed at $6,900,000.  Short selling bank is looking for surety of close - not an uncommon request from banks that are taking a loss on a loan - therefore an all-cash purchase is mandated.  Call for details on this rare flagged hotel opportunity.  Also - three other hotels for sale in Southern California with premier locations.

Friday, October 28, 2011

Temecula - Riverside County - Single Tenant Restaurant Absolute NNN deal for sale

7.2% cap rate, brand new 10 year lease, 20+ unit operator, great location, not a bank owned deal - just a very good investment property with high likelihood of stable tenancy.  This is one of the frequent deals that we are tracking which will provide an investor with a solid investment now and into the future. $1,075,000 and it is an absolute NNN deal.

Wednesday, October 26, 2011

6.7% cap rate self storage available for sale in Silicon Valley!

There is a very rare opportunity to buy a solid self-storage facility property in one of the best locations in the San Jose metro.  6.7 cap rate at a $2,900,000 purchase price.  Call for details.

Monday, October 24, 2011

1031 Exchanges Coming Back in Silicon Valley

For the last couple years, the volume of 1031 tax-deferred exchanges was very low in comparison to the last decade.  There is now a resurgence in the amount of 1031 exchanges being opened and completed in the last 6 months.  A typical 1031 exchange was of a single family home that was used as a rental property.  This home had a few hundred thousand dollars in equity and was being sold to trade up into a single tenant NNN investment - less hassles, less tenants, more cash flow.  When the single family home market drop starting in 2007, the equity in these rental properties dropped off and an exchange was no longer warranted.
Now, some 2 years after Silicon Valley's bottom (March 2009), equities are coming back and there is now a renewed need for the 1031.  Also, some investors who bought at the bottom in 2009 and 2010, are looking at newly created equity which also suggests rolling equities to a new property via the 1031.
The rules have not changed much and are still very favorable for an investor to leverage his equity into a new investment property, while deferring capital gains taxes.

Friday, October 21, 2011

Great Opportunity in the Multi-Family Market

This distressed four-plex represents a real opportunity for an investor. The 3,200 square foot building was built in 1963 and sits on a nicely sized 7,104 square foot lot. Although the property is currently vacant, this highly desirable Cambrian neighborhood will ensure a quick occupancy. Currently on the market for $599,000 this property represents a real value, especially when you consider it last traded in 2006 for $828,000 which correlates to a 38% reduction in price. This investment opportunity won't last long contact the MPIRES group for more information or to schedule a tour.

Wednesday, October 12, 2011

Two Single Family Homes in San Jose for Sale Bank Owned & Short Sale

We have two great deals on two single family homes for sale in San Jose - one is a bank owned property and the other is a short sale.  Both are excellent opportunities.
1. Bank Owned - in need of a contractor - this is not your paint and carpet fixer - if you scare easily then this is not for you!  Previous owner took the kitchen (cabinets and all) and the bathrooms (no toilets or tubs).  Now for the good part: it is a newer home (built in 1991) in the hot Berryessa area of San Jose, 2,350 square feet on a decent sized lot, 4 bedrooms, 2.5 baths.  This home is being offered at a discount to compensate for the repairs and the sweat equity needed.  Price approximately $600,000.
2. Short sale single family home in South San Jose 95138 zip code off of Monterey Expressway. 1,450 square feet, built in 1990, on a 5,700 square foot pie shaped lot.  This IS a paint and carpet fixer.  Nice location on the street and in the development.  Great for rental investment or owner-occupant. Pricing estimate is $450,000.
Both are not on the market yet - let us know if you want more details.

Thursday, September 29, 2011

Distressed Duplex in San Jose

This short-sale duplex represents a real value for an investor looking to either get into, or expand their portfolio, in the duplex/ four-plex market. The 1,550 square foot San Jose building, which sits on a 5,600 square foot lot, was built in 1956. The current asking price of $425,000 represents a 33% reduction in price from its original 2005 listing price of $638,000. The two unit building has two - 2 bedroom, 1 bath units, both of which are currently occupied, and is in the Campbell Union School District. This won't be on the market long, contact MPIRES Group to schedule a tour or to obtain further information on this exciting opportunity.

Wednesday, September 28, 2011

Single Family House Bank REO in Berryessa Coming Soon!

Contractor special - home is large, newer but needs a few things: kitchen, baths, flooring, etc.  Should be on the market in the next couple weeks.  All cash buyers only - lenders will not lend on homes without stoves - let alone whole kitchens and baths.  Very good deal for someone looking to flip this house.  Email me for details on this bank owned San Jose Berryessa home for sale.

Tuesday, September 27, 2011

Needed: Officeless Sand Hill Venture Capitalist

There are few opportunities in commercial real estate on the Peninsula to take advantage of these days.  Yes, the national news in office, retail and hospitality is depressing.  But, we know different in the heart of Silicon Valley.  Office vacancies are bearable here, in fact, some major employers are taking massive space - Apple and Facebook to mention just two.
Retail is healthy on the Peninsula - low unemployment and healthy salaries support retail sales and we don't see too much retail turmoil.
Hotels are coming back.  This tends to be more a national issue compared to the more localized retail and office markets.
And the opportunity of the day is an office building adjacent to Sand Hill Road with rare financial distress that would be a great purchase for a venture capital group, law firm, medical group or...?  Stop paying $6 per foot for 1960's era office space and own much better space for less. Call us for details.

Monday, September 26, 2011

Short Sale Duplex in Downtown San Jose for Sale

There is a very well priced short sale duplex for sale in downtown San Jose. One 2 bedroom and 2 bath owner's unit, one 2 bedroom and 1 bath rental unit and a small storefront on the corner of N. 9th Street. Offered at a very attractive price of $171 per square foot!  Breaking $200 per foot in this area is already very good.
This will make for a strong rental investment property or great owner-user home.  Conventional Fannie Mae or Freddie Mac financing is also available.  Call us to set up a tour of this great short sale duplex in downtown San Jose.

Tuesday, September 13, 2011

Blossom Valley San Jose Short Sale Duplex for Sale!

Blossom Valley duplex short sale for sale - large units, great condition, excellent rental or owner-occupied location.  A $500,000 price point for this large of a duplex is an excellent deal. It is 2,599 square feet, 8,400 square foot lot and was built in 1979. Duplexes have great low density which means longer term tenancies on average and a better ownership experience.  Call us to see this property right away before it goes away.

Thursday, August 25, 2011

San Jose Approved Short Sale Fourplex

One of best owner-occupied quality fourplex streets is available for sale as an approved short sale with Bank of America.  Offered at less than $200 per foot!  3 bedroom 2 bath owners unit delivered vacant.  The remaining three units are 2 bed, 1.5 bath.  This property will sell fast!  Actually it was in escrow the buyer's loan did not come through.  So, talk to us about this great deal and also about a great lender who can get the financing done.

Tuesday, August 9, 2011

Guardino Drive Fremont Condo Short Sale Coming Soon

Great investment or first time home buyer property near the Bart station in Fremont on Guardino Drive for Short Sale coming soon!  One bedroom, one bath unit, 693 square feet of living space, built in 1987, pricing should be in the $150,000 range - subject to bank short sale approval.  Very nice ground floor unit in a modern and well-located complex.  With interest rates at all time lows, this is a great opportunity to buy your own home or next investment property.  Call us to set up an appointment on this Fremont short sale.

Monday, August 8, 2011

Apartment Notes for Sale Los Angeles

We have direct access to over 10 apartment building notes that are for sale in Los Angeles County.  For more details, please contact me.  These are in various stages of distress - from temporary loan mods to final stages of BK.  Also, there are a variety of locations and sizes from 5 units to over 30 units.  Buying a Note from a bank does not in any way guarantee you that you will own the property.  But with the right strategy and flexibility in place, it can be a great investment.  Let us know if you want to sit down and review buying commercial or non-performing notes to buy.
Also check out out sites in LA: bankownedcommercialpropertylosangeles.com & losangelesinvestmentrealestate.com for more deals.

Friday, August 5, 2011

Commercial Real Esate San Jose

The commercial real estate market in Silicon Valley / San Jose is healthy - in parts.  We at the MPIRES group are working with retail tenants looking for space, office users, landlords leasing commercial properties and investors looking to buy retail, office and multi-family properties.  Overall, the San Jose metro is far healthier than the rest of California or the nation.

In core retail areas with good demographics, retailers are looking to occupy spaces to engage with the household incomes that surround the buildings.  Office users such as the many high tech companies that built the valley are looking to take space for future or immediate expansions.  Companies that support or are off-shoots of the big players (Apple, HP, Cisco, etc) are also looking to take space near their suppliers and customers.

Residential rents are up for a variety of factors (the rash of foreclosures, lack of good first time home buyer financing and an influx of new hires into the area).  This makes valuations on apartment buildings not very attractive to investors.  But they are great cash flow vehicles for the existing landlords.  Though, there are some very good opportunities in single unit rentals up to 4plex properties.

The commercial real estate market in Silicon Valley / San Jose has had its movements over the last few years.  We are here to guide you in whatever goal you want to achieve.

Church Property for Sale San Jose

One of the most difficult properties to find in Silicon Valley is a facility that will have all the requirements for a church or place of assembly.  There currently are a couple properties that are available with the right parking, zoning, location and size to fit the needs of a congregation.
One property is 25,000+ square feet, with 4/1,000 parking ratio for $3.3M in San Jose.  These opportunities come once in a blue moon.  For more info, please contact us to tour this potential church property in San Jose.

Monday, July 18, 2011

My Guys at CS Commercial Score Again!

Did I mention I have great commercial financing sources?  Chris Farlow and Brett Twente are my lenders of choice from CS Commercial.  They just closed financing on a 14 unit apartment building purchase loan for a client in San Mateo.  Chris has been in the business for 10+ years and is an expert at placing loans with the right wholesale lender depending on a variety of factors - condition, location, equity, cash flow, REO, class, property type, etc.  Not one bank can finance all of your commercial lending scenarios.  Chris is the best choice because he can find the right bank to finance your next investment property - wherever and whatever it is.

Tuesday, July 12, 2011

San Jose Dental Office Condo for Sale with Equipment!

$450,000 for a fully equipped dental office commercial condo is for sale in San Jose.  This space was recently operated by a dentist who closed the office.  It is now available for sale at a very attractive price. If you are in the dental industry, it is evident how expensive it is to build out a dental office with plumbing,equipment and all the health regulations. Let us show you this stunning space for your practice.

Wednesday, June 29, 2011

4 Fourplexes - 3 Short Sales & 1 REO in Silicon Valley for Sale

We like these:

Santa Clara - 4plex - short sale - 3,177 square feet, built in 1962, pre-approved short sale at $665k, 12.3 GRM
Campbell - 4plex - short sale - 3,328 square feet, built in 1962, short sale with offers submitted but not ratified yet - deliverable at approximately $650k, 11.5 GRM
Santa Clara - 4plex - short sale - 3,177 square feet, built in 1962, pre-approved short sale at $630k, 12.7 GRM
Santa Clara - 4plex - Bank REO - 3,120 square feet, built in 1962, vacant property, needs contractor skills to rehab this property.

There are some very good opportunities to invest in foreclosed and short sale 4plexes in the valley right now.  All 4 of these properties sold at or above $900,000 a few years ago.  Most will cash flow with 25% down payment.  IRRs in the 10%+ range before tax.  Some with cap rates approaching 6%.  Let us run the numbers for you and show you how these properties can increase your net worth.

Tuesday, June 28, 2011

Distressed Menlo Park Medical Office Condos for Sale

We are tracking a new construction development in Menlo Park built for commercial medical office condos which is in pre-foreclosure.  Excellent location and well constructed building for medical office users who want to own their own space.  The development has been on the market for a while and now the construction loan is nearing foreclosure status. This is a good opportunity for an owner-user or investor to own a very costly to replace asset in the mid-Peninsula.  Call us for details.

Tuesday, June 21, 2011

San Jose Silver Creek Office Space for Lease

KW Commercial Cupertino just listed 4,400 square feet for lease of free standing office space at 6140 Hellyer Avenue in San Jose's Silver Creek area.  Fully built out as offices with the following amenities:

8 private offices
6 cubes
Large conference room
Server room
Lots of furniture included!

All of this for $1.00 per foot Modified Gross lease. This space is very well upgraded and high end. Call us to tour.

Thursday, June 9, 2011

Investment Condo Deal of the Week in Oakland

Short sale of newer condo in Oakland.  It has been rented for almost last two years for $2,000 per month. Now being offered for short sale at $95,000!  Home Owner Association is in litigation, so financing is very difficult.  Best option is to buy this home all cash and keep the tenant. Hurry - this will go fast at this price.  Bank of America short sale with only one loan!

Steve Jobs Presents New Apple Campus in Cupertino to City Council

Thursday, June 2, 2011

Bank Owned Commercial Condo for Sale San Mateo County

We are tracking a commercial condo coming for sale on the Peninsula in San Mateo County. This property will soon be bank owned.  It is over 3,000 square feet, mostly warehouse space in an industrial park in north San Mateo county.

This property would be ideal for an owner user who has an industrial use business to serve San Francisco and the Peninsula. Call us for details 415-269-6249.

Tuesday, May 31, 2011

Case-Shiller Index of Housing Prices - Double Dip?

The headlines today about the Case-Shiller Housing Index do not reflect what is going on in the Silicon Valley market.  Read the data from the actual Case-Schiller tables via this link. The bottom of the single family housing market for Santa Clara County is essentially March 2009.  The data that was released today is about March 2011 - the Index has a two month lag time so that the data can be compiled. Seasonally adjusted index for the San Francisco region is 134, compared to two years ago of 121. We are significantly positive over the last two years.  Also, consider that the data is for the SFO region which takes into account some more severely impacted areas of the East Bay.  If the data were strictly for Santa Clara County, the numbers would be even better.
Now this is not necessarily a rah rah of the Valley - when considering a purchase or a sale of real estate, we want to take into account all the possible factors - it's not just about price! 

Monday, May 30, 2011

Six short sale apartments for sale in San Jose

These three duplexes and three fourplexes are very good opportunities to buy investment properties at low prices and with a strong rental market.

765 Blossom Hill - duplex San Jose 95123 area - $580,000 short sale. 3 bedroom, 2 bath unit and 2 bedroom, 1 bath unit, 2,332 square feet of living space.
149 Adler, Campbell - no rent control - 4plex, asking $775,000, regular sale, 3,747 square feet, very well maintained building, double pane windows, garages per unit, newer comp roof, regular sale! - this is a nice deal.
581 Nello Drive, Campbell 4plex, 3,957 square feet, $750,000, short sale, very nice condition property at end of 4plex neighborhood development. Two three bedroom units and two two bedroom units.
2095 Lynnhaven Drive, San Jose duplex, 95128, short sale $470,000, 1,790 square feet, nice owner occupant unit with larger unit in the back. Great west valley location.
1332 White Drive, Santa Clara duplex, $499,000, 1,476 square feet, very good El Camino & San Thomas Expressway location, short sale, great rental property.
620 Gamma Court, built in 1977, 4plex short sale, very well constructed, extra parking, larger pie shaped lot, $699,000, 3,510 square feet.

Call us today to talk about which apartment investment in the San Jose area is best for you.

Do You Need to Sell Short?

There are many alternatives to someone who owns a home and cannot make their payments.  One of the options is to request a short sale from the bank.  Some of the other options are bankruptcy, foreclosure, loan modification, refinance, deed in lieu and  more. Everyone's situation is different depending on all factors involved.  A personal residence has certain criteria involved, as does a property held for investment and furthermore, was the loan a purchase money loan or a refinance.  All these factors influence the situation and a solution is not cookie cutter for all.

Many people in the last 5-10 years find themselves owning a home that is now worth less than what they paid for it and possibly less than what is owned on the property.  Others people have loans that have adjusted to payment levels that are unaffordable.  This, coupled with a drop in equity, makes a refinance highly unlikely.  But there are solutions!

Credit is also a concern for many people.  Does a short sale have less negative impact on your FICO score than a foreclosure or a bankruptcy?  But what other factors also impact your credit score?  Late payments compounded month after month will have significant negative effect on your FICO score. This may negate the gravity of a short sale/foreclosure question.

What your home is worth is also a very important factor.   In Santa Clara County alone, there are sub-markets that are very healthy and prices are rising and there are sub-markets that are quite weak.  Your home's value will impact the decision whether to short sell, modify the loan or any of the other options discussed above.

An important step in this process is to sit down with an experienced Realtor to review all your options.  Even if you have received a Notice of Default or a Notice of Trustee Sale, there still may be time to enact a better solution.  Feel free to email  me or call anytime:

Mario Pinedo,CCIM
Keller Williams Realty
DRE 01118365
cell 415-269-6249
Serving buyers and seller since 1991.

For further articles on this topic, I have linked all the short sale articles here.

Thursday, May 12, 2011

Cupertino Elementary & High Schools Maps & Boundaries

If you want the best links to the schools of Cupertino and Sunnyvale within the Cupertino Union School District & the Fremont Union High School District, please click below:

Cupertino Union School District Map

Cupertino Union School District Street Finder

Fremont Union High School District Map

Fremont Union High School District Street Finder

Not to confuse those who live in the City of Fremont in Alameda County... but the Fremont Union High School District is located in the Cities of Cupertino and Sunnyvale. The high schools are Cupertino High School, Fremont High School, Homestead High School, Lynbrook High School & Monta Vista High School.

If you want excellent advice on what home to buy in these areas, please call me at 415-269-6249. I have been selling in Cupertino and throughout the Silicon Valley since 1991. I will be very glad to take your call.

Monday, April 25, 2011

Office space for lease in Silicon Valley being snapped up

Office space in Silicon Valley is being snapped up, so is retail space. Some of it due to actual need for space, but most for future need & concern over others taking space and a looming space shortage.
Not so long ago (think Dot Com boom), companies were out of luck when looking for work space for their expansions. We were converting industrial warehouses into cube farms to make room. With the large leases of Facebook, Google, Apple and others - the rest of the valley is getting concerned that space may not be so readily available when the next tech wave hits. Already, we are seeing rents rise in compensation to leases being signed.
It's not an issue of whether $1.50 per foot office space is reasonable today, the real question is do you want to pay $2.50 per foot a few years from now - if that is even available.
Our office is located in Cupertino and the Apple expansion is very evident with them taking space in many of the Class A & B buildings in the city.  In our building, LAB 126 (Amazon) who designs the Kindle is in full expansion mode. The center of Silicon Valley is where everyone wants to be and needs to be.  So be prepared to compete for space in the heart of it all the innovation.

Sunday, April 10, 2011

Fusion Sunnyvale Townhomes for Sale

The newest Sunnyvale townhome community for sale is now open for business. Talk to us about the best models in the right locations of this complex. Phase 1 was just released and homes will be delivered for occupancy in July and August of 2011. Call us for a private tour and great guidance on which homes to buy in the best Sunnyvale townhouse development to come for sale in years.

Thursday, April 7, 2011

Fusion Sunnvyale New Condos Townhouses for Sale

Fusion townhouses of Sunnyvale just opened their sales center. These townhouse style condos are going to be a beautiful community when complete. The homes are built for owners who want more than just an entry level condo. All the homes are at least two bedroom and two bath with garage parking for two cars (some tandem). Seven models that range from 1,198 square feet 2 bedrooms, 2.5 baths to 1,882 square feet with 4 bedrooms, 3.5 baths. All units have a deck and/or a porch. Total build out will be 228 townhomes in a great north Sunnyvale location. Pricing for the first release is from $448,640 to $625630. Come set an appointment with us to tour the best new townhouse development in Sunnyvale to come on the market in quite a few years.

Friday, March 25, 2011

Rants About False Recovery in Commercial Real Estate News

Bass Ackwards reliance on "apartment market leads commercial real estate recovery" - apartment values are high-this is true - but because people have been foreclosed on due to loss of jobs, loose financing standards and very low consumer confidence. More tenants in the market does not a recovery make - commercial real estate in almost every other segment is hurting and not recovering - retail tenants are not taking space, office users are not taking space, hotels are very soft - these segments do not tie in with the robust apartment market. And the apartment market is only hot in core areas - not in the vast open spaces where new home developers over built homes and now a 5 year old single family home rents for near what a class A apartment building does in the same area.
We want good news in commercial real estate - but let's look at reality and make better decisions based on that.

Thursday, March 24, 2011

Commercial Condos Available for Sale San Jose

8 commercial condo units available for sale in San Jose for industrial users. Spaces available are 6,400 square feet - 12,800 square feet. Each unit has 200 aps @ 480 volt power. 24' clear height. Zoned heavy industrial. Built in 1979 and significantly remodeled in 2008. Offered at $69 per foot.
There are also some very good opportunities to lease in this complex and in others throughout San Jose and greater Silicon Valley.  Call MPIRES group to tour these spaces. This is a great opportunity to buy a bank owned commercial condo in San Jose.

Wednesday, March 16, 2011

Los Angeles California Commercial Investment Property for Sale

Top 3 deals from the west LA commercial meeting today:
1. 15 bulk condos new construction, fully rented, North Hollywood, great hold then sell in 2-3 years for big upside - $6,500,000.
2. 32 unit apartment in west LA near Culver City, built 1986, no rent control, great value add deal - needs updating - rents $200+ under market per unit - $7.4M
3. Development site approved for 52 apartments + 3,600 retail space, Van Nuys, 26,885 sqft lot, $2,350,000.
 And check out our new Los Angeles Bank Owned Commercial Property for Sale site:
 and our investment site in LA: www.losangelesinvestmentrealestate.com
Call me for detailed information on these and other investment or development deals.

Sunday, March 13, 2011

Silver Creek Valley Country Club Short Sale Home for Sale

There is a wonderful home for sale in Silver Creek Valley Country Club as a short sale. Address is 5233 Pisa Court, San Jose, CA 95138. Offered at a very attractive $1,099,000. 3,480+ square feet on a 9,100 square foot view lot with great valley views from the master bedroom.
Call for a private tour of this short sale Silver Creek Valley Country Club home for sale.

Thursday, March 3, 2011

Silver Creek Valley Country Club Short Sale Home for Sale

There is a gorgeous Silver Creek Valley Country Club home for sale as a short sale. It is currently not on the market. Approximately 3,500 square feet, 10,000 square foot lot, 5 bedrooms + den, 3.5 baths, 2 story, upgraded kitchen, paint, flooring, very nice hard-scaped backyard with huge gazebo + outdoor fireplace. Seller is asking $1,100,000 which will require a short sale approval by Bank of America. Please call me for details and a private showing. This is your best opportunity in the Silver Creek Valley Country Club for a very well priced home for sale.

Wednesday, February 23, 2011

Sunnyvale Bank Owned Duplex for Sale

Here is a turn-key, upgraded, bank-owned duplex in Sunnyvale, California. Both units are ready to be occupied which makes this property perfect for an investor or an individual looking to live in one unit and rent the other. The larger, three bedroom unit, has granite counter tops in the kitchen and bathroom. Both units have private backyards, inside laundry areas, hardwood floors and private garages. As you can see below this property is ready to be occupied and begin cash-flowing!! And with an asking price of $694,900 it is a deal worth looking at. Call us today to set a showing of this great bank owned Sunnyvale duplex.

Starbucks Commercial Single Tenant NNN Investment in West Los Angeles

I like this deal - it's a single tenant NNN Starbucks in a great area with high household incomes and lots of new condo construction nearby. Excellent west Los Angeles county location. The picture is this morning at 8:00am, the place was very active with commuters grabbing their morning grande latte.

6.5 cap rate for 18 months, then a 7.25 cap rate for the next 5 years. Corporate Starbucks signature on the lease. This is a solid asset, perfect for a 1031 tax-deferred exchange or for a direct investment giving you a 5x multiple return compared to the 1.25% in the local bank CD. Call me for details. This Starbucks NNN deal will go fast.

Single tenant NNN investments, Ecuadorian dwarfs & DaVita Dialysis Centers

What do DaVita Dialysis Centers, a tribe of diminutive people in South America and your 1031 exchange into a single tenant NNN property have in common?

Let me start with this, do you remember buying your plane ticket at your local retail center where your trusted travel agent was located? Yes, it's been a while, perhaps some 15 years since they dominated the landscape of retail spaces. Now, you don't go buy a paper ticket next to the Starbucks, you buy it on your laptop at the Starbucks.

Do you remember the more recent local Blockbuster Video store or Hollywood Video store where you walked in a few times per week to rent your VHS (ok, that's too far back, insert DVD for you youngsters). Now on-demand video and Hulu reign supreme.

Were you at the Howard Hughes Center mall last night in the Border's book store which is having a store closing sale? Why this travesty? Think Amazon, Kindle and Ipad magazine e-scriptions.

Ok Mario, what's the theme here? maybe... Technology kills things!

...and it kills things in relation to your commercial real estate investment.

One of the hot single tenant NNN property classes for sale are the dialysis centers that are popping up all over the map - think DaVita Dialysis as the Kleenex in this category. Hundreds of new DaVita centers are being built in local neighborhoods to service the needs of patients with poorly functioning kidneys typically an effect of long term diabetes disease. The investment concept around the sale of these NNN investments is that the centers will be well frequented by their base of committed customers for decades on out.

I was explaining my understanding of this to my muse Julie this morning in the car and she recalled Ecuadorian dwarfs in South America. (please hang on, there is a circular connection coming soon)

Apparently in the last few days, an article was posted about this tribe in the Andes where the genetic make up of the tribe makes cancer and diabetes virtually non-existent. So, the medical research world has invaded the little tribe to find the medical fountain of youth (or at least the fountain of anti-carcinogen) When (not if) this gene is isolated and when the drug company gets FDA approval, some of these ailments will be eliminated or reduced.

I may be overly focused on my favorite group of people - the commercial investors out there - and my concern is that there may be empty DaVita Dialysis centers on the landscape one day in the future - or at least some renegotiated leases because their business will slide.

Therefore, as a suggestion for your next real estate investment move, stay clear of over-valued NNN deals that may not be the hot investment vehicle of the near future. Instead, consider the basics of coffee, the local Burger King and my favorite - Taco Bell - as a healthy investment alternative. In my opinion, as healthy or not as we seem to be becoming, the US appetite will always crave the Whopper.

Tuesday, February 22, 2011

FHA Increases Monthly MI

On Monday, February 14th HUD announced that in the beginning of April they will be increasing the monthly mortgage insurance by .25 on every loan transaction!

Monday, February 14, 2011

New for Sale Condo Listing Santana Row with a Balcony!

Just listed for sale in Santana Row's Margo building is one of the best 1 bedroom units available. 736 square feet for a unit on the 2nd floor of the Margo building with a private balcony facing Cocola Bakery. Offered at $320,000 - this is a reasonable price for this location and floor plan. The unit also comes with two parking spaces - very rare upgrade in the 1 bedroom units. Hurry, this unit will not last and a 1 bedroom in Santana Row with 2 parking spaces and a balcony is a rare sight.

Friday, February 11, 2011

New Bank Owned Deals in San Leandro and Hayward

Coming to market soon:

Bank owned, 4,100 square foot new retail building in shell condition on major thoroughfare in San Leandro. Perfect owner user or investor building with multiple doors for various tenant spaces. Good parking with two street entrances. $649,000.

Bank owned, 10 acre parcel in the Hayward hills for 18 home subdivision new home development. Outstanding area amidst other high end home developments. Views from some of the lot locations. Call me for an update on the tentative map approval process which is underway. Price depending on an as-is purchase or after map approval.

Thursday, February 10, 2011

Real Estate Services in Silicon Valley and Throughout California

Mario Pinedo & The MPIRES group has been working the real estate marketplace in Silicon Valley since 1991. We help you with residential, commercial and investment real estate. We work within the Keller Williams Cupertino market center. For all of your real estate needs please give us a call and we will put all our resources to your disposal.

Commercial Real Estate. Residential Real Estate. REO. Foreclosure. Bank Owned.

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MPIRES group services the following areas: California, Monterey County, Carmel, Carmel Valley, Del Rey Oaks, East Salinas, Fort Ord, Marina, Monterey, North Monterey County, Prunedale, Castroville, Aromas, North Salinas, Pacific Grove, Pebble Beach, Salinas Monterey Highway, Seaside/Sand City, South Coast, Big Sur, South Monterey County, Greenfield, Chular, Gonzales, Soledad, King City, South Salinas, San Benito County, Aromas, Hollister, North San Benito County, Ridgemark, San Juan Bautista, South San Benito County, Tres Pinos, San Mateo County, Atherton, Belmont, Brisbane, Burlingame, Colma, Daly City, East Palo Alto, El Granada, Foster City, Half Moon Bay, Hillsborough, La Honda, Loma Mar, Menlo Park, Millbrae, Montara, Moss Beach, Pacifica, Pescadero, Portola Valley, Redwood City, Redwood Shores, San Bruno, San Carlos, San Gregorio, San Mateo, South San Francisco, Woodside, Santa Clara County, Campbell, Cupertino, Gilroy, Los Altos, Los Altos Hills, Los Gatos, Los, Gatos Mountains, Milpitas, Monte Sereno, Morgan Hill, Mountain View, Palo Alto, San Jose, San Martin, Santa Clara, Saratoga, Sunnyvale, Santa Cruz County, Adult Village, Aptos, Capitola, Highway 17, East Santa Cruz County, Rio Del Mar , Seascape, San Lorenzo Valley, Santa Cruz, Scotts Valley, Seacliff, Soquel, Watsonville, West Santa Cruz County, Alameda County, Alameda, Albany, Berkeley, Castro Valley, Dublin, Emeryville, Fremont, Hayward, Livermore, Newark, Oakland, Piedmont, Pleasanton, San Leandro, San Lorenzo, Sunol, Union City, Contra Costa County, Alamo, Antioch, Bay Point, Bethel Island, Byron, Knightsen, Blackhawk, Brentwood, Clayton. Concord, Clyde, Crockett, Port Costa, Danville, Diablo, Discovery Bay, El Cerrito, El Sobrante, Hercules, Kensington, Lafayette, Martinez, Pacheco, Moraga, Canyon, Oakley, Orinda, Pinole, Pittsburg, Pleasant Hill, Richmond, Rodeo, Rossmoor, San Pablo, San Ramon, Walnut Creek, San Francisco County, San Francisco, Alamo Square, Anza Vista, Ashbury Heights, Balboa Terrace, Bayview Heights, Bernal Heights, Buena Vista Park, Central Richmond, Central Sunset, Central Waterfront, Chinatown, Civic Center, Clarendon Heights, Corona Heights, Cow Hollow, Diamond Heights, Dolores Heights, Downtown, Duboce Triangle, Eureka Valley, Excelsior, Fillmore, Financial District, Forest Hill, Forest Hill Extension, Forest Knolls, Glen Park, Golden Gate Heights, Hayes Valley, Haight Ashbury, Ingleside, Ingleside Heights, Ingleside Terrace, Inner Mission, Inner Parkside, Inner Richmond, Inner Sunset, Jordan Park, Lake, Lakeside, Lake Shore, Laurel Heights, Lone Mountain, Lower Pacific Heights, Marina, Merced Heights, Merced Manor, Midtown Terrace, Miraloma Park, Mission, Mission Bay, Mission Dolores, Mission Terrace, Monterey Heights, Mount Davidson Manor, Nob Hill, Noe Valley, North Beach, North Panhandle, North Waterfront, Outer Parkside, Outer Richmond, Outer Sunset, Pacific Heights, Parkside, Parnassus, Pine Lake Park, Portola, Potrero Hill, Presidio, Presidio Heights, Richmond, Russian Hill, Sea Cliff, Sherwood Forest, Silver Terrace, South Beach, South of Market (SOMA), St. Francis Wood, Stonestown, Sunnyside, Sunset, Telegraph Hill, Twin Peaks, West Portal, Western Addition, Westwood Highlands, Westwood Park, Van Ness, Nevada, Clark County, Las Vegas, Henderson

Keywords: Monterey County Association of Realtors, MCAR, mcar.com, Santa Cruz Association of Realtors, scaor.com, mlslistings.com, reil.com, Monterey County Real Estate, Monterey Peninsula Real Estate, Monterey County Land, Pebble Beach Real Estate, Del Monte Real Estate, Del Monte Realty, Carmel Real Estate, Pacific Grove Real Estate, Carmel Valley Real Estate, Big Sur Real Estate, Del Rey Oaks Real Estate, Seaside Real Estate, Marina Real Estate, Monterey Real Estate, Salinas Real Estate, Salinas Valley Real Estate, Prunedale Real Estate, Santa Cruz Real Estate, Watsonville Real Estate, Gilroy Real Estate, Hollister Real Estate, San Juan Bautista Real Estate, Soledad Real Estate, King City Real Estate, Greenfield Real Estate, Gonzales Real Estate, Aptos Real Estate, Capitola Real Estate, Monterey County Realtor, Realtor, Agent, Broker, Board of Realtors, Monterey County MLS, Monterey MLS, California, CA, USA, US, California Department of Real Estate, DRE, RE InfoLink, Find a Realtor, Find a Real Estate Agent, Real Estate Development, Developmnet, Land For Sale, Lots, Land Development, LAFCO, Lot, Plat Map, Land, South County, Zoning, Impact Fees, Development Fees, Williamson Act, FSBO, Foreclosure, Foreclosures, Bankruptcy, REO, REO's, BPO, Short Sale, Repo, Bank Repo, Bank Owned Property, Bank Owned Properties, Estate Sale, Fixer Upper, Trustee Sale, Notice of Default, Notice of Trustee Sale, REO Services, Asset Management, Broker Pricing Opinion, Tax Default, Real Estate Auction, HUD, HUD Agent, Real Estate Owned, Auction, Division of Real Estate, Las Vegas, Nevada, NV, Clark County, GLVAR

Friday, January 21, 2011

Chase Bank single tenant NNN for sale in Chicago suburb

I rarely post investment deals outside of California these days but this one looks very attractive. Lincoln Park is one of the most expensive suburbs outside of Chicago. Home prices average $1M+ and household income in the area is over $139,000. Chase is one of the winners in the banking world and this corner location on the main thoroughfare is a great location. Cap rate is 7.03%, $2,125,000 price with $149,336 net operating income. This is a sold 1031 exchange option or straight investment purchase. Call me for details on this quite popular investment opportunity.

Thursday, January 20, 2011

Update on Apartment Loans for Bay Area Real Estate Investments

Kari Noomen of Chase Commercial lending spoke to the Bay Area Apartment Brokers Forum last week. Her update included the following rates for apartment loans that she is facilitating through Chase Bank. For an average "B" quality building, the best rates are 5 year fixed at 4.97% with 75% loan to value and qualifying at that rate to a 1.15 DCR (debt coverage ratio). For years in this area, the LTV of 75% was a non-issue since the DCR would cap the amount of loan to a building to 50-60% of the purchase price. Now Kari is actually doing 75% LTV loans because the interest rates are so low. This is a very good time to get solid financing on great apartment assets in the San Jose / Silicon Valley area.