Get Adobe Flash player
Archives

Industrial Property for Sale

Sacramento, CA – As one of the hardest hit regions in the country, due the housing meltdown, Sacramento area apartment owners have been welcoming displaced homeowners in droves.  Apartment communities have long been the safest commercial real estate investment class, since people always need a place to live no matter how bad the economy…. but consider this next fact for even more emphasis.  As of 3Q11, Sacramento metro vacancies were reported at 12.4% (retail), 12.9% (industrial), and 19.8% (office).  On the other hand, Sacramento metro apartments were reported at only 5.4% vacancy during the same period… after falling from 7.1% a year prior (3Q10).  Plus, due to the compressing vacancy rates, apartment owners have been able to increase rents an average of 2.2% over the past year.  With all this positive news, which asset class would you prefer to own right now?

On top of all this great news, would you believe the median price of apartment properties in the Sacramento metro area has decreased by 22% over the past 12 months?  This is directly attributed to the surge of distressed REO apartments flooding the market by struggling banks trying to unload non-performing assets.  Increased availability of apartment properties has pushed cap rates up to the mid-7% range for apartments totaling less than 50 units in high-density neighborhoods.  Higher quality apartments with units in suburban communities totaling more than 50 units are selling in the range of 6% cap rates, while lower quality apartments in less densely populated areas can sell for as high as 8.5% cap rates or more.The availability of Sacramento apartment financing has improved dramatically, as indicated by a 40% increase in new apartment loans funded during the 2nd and 3rd quarters of 2011 (as compared to the prior period).  This improved accessibility of apartment mortgage capital has been encouraged by higher occupancy levels and strong rent growth, resulting in origination gains by nearly all lending sources.Bottom line… it’s a great time to become an investor in Sacramento apartments or add to your holdings.  Immediate cash flow, plus the opportunity for real property appreciation once the market fully improves.  Don’t delay.  Buy apartments for sale in Sacramento right now!

Article contributed by Brian Jacks http://www.linkedin.com/in/bjacks, Vice President & Regional Director of East West Commercial Real Estate.  Brian specializes in representing buyers and sellers for the sale of apartments throughout the greater Sacramento area.

Data Source: Marcus & Millichap 3Q11 market update http://www.marcusmillichap.com/research/reports/Apartmen … (except retail and industrial vacancy figures from CBRE 3Q11 market report)

# # #

East West Commercial Real Estate (Sacramento)services investors who buy and sell commercial real estate properties. Clients utilize our unique relationships and depth of market knowledge to purchase assets in this opportunistic environment.Our Focused ApproachWe focus on what we do best – bringing or identifying well priced quality assets to the market and closing deals. East West Commercial Real Estate (Sacramento) expends a great amount of effort and resources toward research, our brokerage services systems, property acquisition, financial and investment analysis, and client relations.

Asset Management / REO Brokerage Services

For more than two decades we have provided extraordinary service to assist our clients in disposing of and purchasing real estate assets in the California marketplace. East West Commercial Real Estate specializes in assisting lenders sell their special assets / ORE across multiple asset classes: apartments, retail, office and industrial.

 

Share

East West Commercial Real Estate is pleased to announce that Ryan Misaresh, LEED AP represented LD Entertainment in the lease of Class A office at Mani Brothers’ 9000 Sunset building in West Hollywood. LD leased 6,878 square feet, in a four year deal, which represents nearly a full floor of the building. After undergoing a recent full remodel, 9000 Sunset is positioned as one of the premier entertainment office buildings in the “Entertainment Capital of the World.”  Possessing a strong understanding of LD Entertainment’s needs and dynamic business model was essential in finding the proper fit for this rapidly growing production and distribution company, whose recent releases include the blockbuster action film “The Grey” with Liam Neeson, as well as “Biutiful,” “I Love You Philip Morris,” and “The Collector.”

This top rate space with sweeping 270 degree views of the Los Angeles basin was a match made in heaven between LD’s rise to prominence which now warrants  a top rate office environment, and a landlord in a position to provide it, with minimal TI’s, in the heart of the creative capitol of the world.

Built in 1963 and featuring 144,802 square feet, 9000 Sunset is owned and managed by Mani Brothers and was represented by Greg Camacho of Camacho Commercial.

Ryan Misaresh is a Los Angeles commercial real estate broker specializing in lease and investment transactions for retail, shopping centers, multi-family and mixed use properties.  Mr. Misaresh is part of the firm East West Commercial Real Estate, a commercial real estate services company with offices throughout California including,  Los Angeles, San Francisco, San Diego, San Jose, Orange County, San Jose, Sacramento, Oakland, and Walnut Creek. East West Commercial Real Estate provides brokerage and asset management services for retail, shopping centers, office, industrial, apartments, medical office, self storage, senior housing, and hospitality. For more information, contact Ryan Misaresh at 213-309-3279 or Ryan.Misaresh@EastWestCommercial.com or http://www.eastwestcommercial.com/

 

Share

Michael Duhs, Managing Director of East West Commercial Real Estate, writes “There is a burst of new Commercial Broker Price Opinions (BPO’s and BOV’s) coming through the pipeline.  Banks, special servicers and other lenders are ordering commercial broker price opinions (BPO’s and BOV’s) at a record pace. It may be because of year end or it may be that our commercial real estate clients are realizing that it’s time to get commercial REO’s and distressed commercial real estate off their books.

_________________________

 

For professional expertise with offices in Los Angeles, San Diego, Orange County, Riverside, and San Bernardino, Sacramento, San Francisco, Oakland, San Jose — commercial real estate, investment property, apartments for sale, office for sale, industrial for sale, retail shopping center for sale, 1031 exchange, commercial real estate REO’s, nationwide commercial BOV’s, nationwide commercial broker price opinion BPO’s,  nationwide commercial BPO’s or asset management, please contact Michael Duhs, Managing Director of East West Commercial, at Michael.Duhs@EastWestCommercial.com or (949) 939-8352. Visit us at http://www.EastWestCommercial.com.

http://www.commercialbrokerpriceopinion.com/

http://www.commercial-bov.com/

http://www.commercial-bpo.com/

 

Share