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.