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Church Building – Sacramento (For Sale)
Purchase Price – $695,000
Building Size: 7,000 square feet
Lot Size: 0.82 acres
Parking Spaces: 72
Property Address: 450 Media Place, Sacramento, CA 95815
For more information on this property or other churches for sale in Sacramento, please contact Brian Jacks at (916) 837-3456 or Brian.Jacks@EastWestCommercial.com.
Brian Jacks is a Sacramento commercial real estate broker (since 1996) specializing in commercial leasing and investment sale transactions for retail, office, industrial, multifamily, senior housing, mixed-use, and special purpose properties. Having spent over 20 years with Wells Fargo, he personally facilitated the underwriting, approval and funding of more than 225 commercial real estate loans totaling over $1 billion in proceeds.
Jacks is a Regional Vice President for East West Commercial Real Estate, a full service commercial real estate brokerage advisor based in Orange County. In addition to serving the Sacramento marketplace, he is also responsible for the company’s current expansion into the San Francisco Bay Area. For more information, contact:
Brian.Jacks@EastWestCommercial.com
Cell (916) 837-3456 | eFax (916) 313-3778
915 L Street, Suite C440, Sacramento, CA 95814
BRE Broker Lic. #01217349
About EAST WEST Commercial Real Estate
EAST WEST Commercial Real Estate is a full service commercial real estate brokerage advisor specializing in investment sales, commercial leasing and finance for retail, office, industrial multifamily, senior housing, self-storage, mixed-use and special purpose properties throughout California, Nevada, Arizona, Texas and Florida. The firm is headquartered in Orange County, CA.
Local Sacramento food truck operator, Andrew Blaskovich (aka “Drewski”), has been on the Sacramento scene for over two years now, serving up gourmet sandwiches to hungry crowds. With well over 13,000 Twitter and Facebook followers, he is most certainly a force to be reckoned with and has been recognized by Food Network as one of the Top 10 food truck operators in America. Drewski’s has received rave reviews in local print and media and is currently ranked #1 on the KCRA “A” List.
Article contributed by Brian Jacks
Brian Jacks is a Sacramento commercial real estate broker (since 1996) specializing in commercial leasing and investment sale transactions for retail, shopping centers, multifamily, apartments, senior housing, office, industrial, mixed-use, and special purpose properties. Having spent over 20 years with Wells Fargo, he personally facilitated the underwriting, approval and funding of almost 250 commercial real estate loans totaling over $1 billion in proceeds.
Jacks is a Regional Vice President for EAST WEST Commercial Real Estate, a full service commercial real estate brokerage advisor based in Orange County. In addition to serving the Sacramento marketplace, he is also responsible for the company’s current expansion into the San Francisco Bay Area. For more information, contact:
Brian.Jacks@EastWestCommercial.com
Cell (916) 837-3456 | eFax (916) 313-3778
915 L Street, Suite C440, Sacramento, CA 95814
Broker Lic. #01217349
About EAST WEST Commercial Real Estate
EAST WEST Commercial Real Estate is a full service commercial real estate brokerage advisor specializing in investment sales, commercial leasing and finance for retail, office, industrial multifamily, senior housing, self-storage, mixed-use and special purpose properties throughout California, Nevada, and Arizona. The firm is headquartered in Orange County, CA. Brokerage offices include Sacramento, San Francisco, Walnut Creek, San Jose, Oakland, Los Angeles, San Diego, Orange County, Riverside, San Bernardino, Reno, Phoenix and Flagstaff. Other services include bank REOs, 1031 exchanges, nationwide commercial Business Opinions of Value (BOV’s) and Broker Price Opinions (BPO’s), mortgage brokerage, lender services, and asset management.
Comstock’s Magazine published a terrific article in this month’s edition discussing the need for Sacramento commercial property landlords to relax long-standing tenant requirements for attracting startup tech companies that desperately need space to foster innovation. The article explains how Hacker Lab, a non-profit technology incubator, recently expanded its commercial space by more than 10x by relocating to a Midtown Sacramento office / warehouse building that lends itself to creative work space. 
Click here to read more!
Article contributed by Brian Jacks
Brian Jacks is a Sacramento commercial real estate broker (since 1996) specializing in commercial leasing and investment sale transactions for retail, shopping centers, multifamily, apartments, senior housing, office, industrial, mixed-use, and special purpose properties. Having spent over 20 years with Wells Fargo, he personally facilitated the underwriting, approval and funding of almost 250 commercial real estate loans totaling over $1 billion in proceeds.
Jacks is a Regional Vice President for EAST WEST Commercial Real Estate, a full service commercial real estate brokerage advisor based in Orange County. In addition to serving the Sacramento marketplace, he is also responsible for the company’s current expansion into the San Francisco Bay Area. For more information, contact:
Brian.Jacks@EastWestCommercial.com
Cell (916) 837-3456 | eFax (916) 313-3778
915 L Street, Suite C440, Sacramento, CA 95814
Broker Lic. #01217349
About EAST WEST Commercial Real Estate
EAST WEST Commercial Real Estate is a full service commercial real estate brokerage advisor specializing in investment sales, commercial leasing and finance for retail, office, industrial multifamily, senior housing, self-storage, mixed-use and special purpose properties throughout California, Nevada, and Arizona. The firm is headquartered in Orange County, CA. Brokerage offices include Sacramento, San Francisco, Walnut Creek, San Jose, Oakland, Los Angeles, San Diego, Orange County, Riverside, San Bernardino, Reno, Phoenix and Flagstaff. Other services include bank REOs, 1031 exchanges, nationwide commercial Business Opinions of Value (BOV’s) and Broker Price Opinions (BPO’s), mortgage brokerage, lender services, and asset management.
Sacramento Vice President, Brian Jacks, mentioned in the Sacramento Business Journal for recent closing of 13 unit apartment complex in South Sacramento. Click Here to read full article.
Article contributed by Brian Jacks
Brian Jacks is a Sacramento commercial real estate broker (since 1996) specializing in commercial leasing and investment sale transactions for retail, shopping centers, multifamily, apartments, senior housing, office, industrial, mixed-use, and special purpose properties. Having spent over 20 years with Wells Fargo, he personally facilitated the underwriting, approval and funding of approximately 250 loans totaling over $1 billion in loan proceeds.
Jacks is a Regional Vice President for EAST WEST Commercial Real Estate, a full service commercial real estate brokerage advisor based in Orange County. In addition to serving the Sacramento marketplace, he is also responsible for the company’s current expansion into the San Francisco Bay Area. For more information, contact Brian Jacks at (916) 837-3456 or Brian.Jacks@EastWestCommercial.com.
About EAST WEST Commercial Real Estate
EAST WEST Commercial Real Estate is a full service commercial real estate brokerage advisor specializing in investment sales, commercial leasing and finance for retail, office, industrial multifamily, senior housing, self-storage, mixed-use and special purpose properties throughout California and Arizona. The firm is headquartered in Orange County, CA. Brokerage offices include Sacramento, San Francisco, Walnut Creek, San Jose, Oakland, Los Angeles, San Diego, Orange County, Riverside, San Bernardino and Phoenix. Other services include bank REOs, 1031 exchanges, nationwide commercial Business Opinions of Value (BOV’s) and Broker Price Opinions (BPO’s), mortgage brokerage, lender services, and asset management.
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Less than two months ago, I received a call from a San Jose based apartment investor who had become disenfranchised with the continued rise in commercial real estate prices throughout the Bay Area. A simple comparison of apartments for sale in both Sacramento and San Jose (within specific parameters) resulted in an average difference in cap rate (annual yield) of 3%. The San Jose apartments we considered offered an average cap rate of 5.7%, while the Sacramento apartments offered 8.7%. It doesn’t take a genius to realize that a higher yield on a commercial real estate investment means more cash in the investor pocket. Naturally, the investor decided it made more sense to invest in commercial real estate (apartments) here in Sacramento, which is once again becoming quite a predictable phenomenon, as discussed in this 1st Quarter 2012 Multifamily Investor Newsletter.
What an honor it was to be invited to participate in a Legislative Summit sponsored by the California Asian Pacific Chamber of Commerce 
at the California State Capitol in Sacramento. It’s 3rd annual event, held on June 20, 2012, was effectively a pro-business lobby day where 5 small groups, each with four business leaders, descended upon the offices of more than 50 California State Senators and members of the State Assembly. The purpose of these meetings was to offer support in terms of pro-business legislation that is are currently circulating in the State Capitol of Sacramento. Click Here to read more.
EAST WEST Commercial Real Estate is pleased to announce its facilitation of a 10-year commercial lease between Cornerstone Christian School (formerly of Roseville, CA) and Liberty Towers Church of the Nazarene, located at 5132 Elkhorn Blvd in the unincorporated area of Sacramento County.
Commencing Fall 2012, Liberty Towers will once again host a pre-school and K-12 educational facility dedicated to teaching children in a Christian environment. It was only three years ago that Liberty Towers shuttered operations for its school, succumbing to the pressures of a failing economy. According to Terry Schneider, recently installed Lead Pastor of Liberty Towers, “it was very sad for our long standing church members to witness the school close after having successfully operated for over three decades.”
Just a few miles east (along Interstate 80) at 143 Clinton Ave in Roseville, Cornerstone Christian School has been operating continuously in a facility owned by The Rock of Roseville for the past 20 years. Headmaster Richard Batista has expressed appreciation to Pastor Francis Anfuso for allowing the school’s use of the Rock’s former church property all these years. But “with current enrollment, there is simply no more room to grow”, lamented Batista. “We are having to turn students away due to lack of space.”
“A new chapter is now being written for both of these great institutions, one that involves a mutual and beneficial co-existence in the Foothill Farms community of North Sacramento”, said Brian Jacks, Regional Vice President of EAST WEST Commercial Real Estate, who facilitated the coming together of both parties. “It’s really a win-win for everybody.” Cornerstone now has full access to an extensive facility with spacious classrooms, multiple playgrounds, renovated auditorium and large gymnasium, while Liberty Towers enjoys a tenant that fulfills one of its core missions to provide a Christian education for the community.
During a recent walk through of the campus, Cornerstone parents were impressed at the magnitude of facilities being made available to their school. Many asked about the vacant land comprising just over 6 acres located immediately adjacent to the church. This property was formerly owned by Liberty Towers and improved with baseball and soccer fields for its once thriving school. In 2005, Liberty Towers sold the land to a multifamily developer for more than $3.5 million at the peak of the market and was able to pay off a significant mortgage for its gymnasium, creating a debt free campus. Following a foreclosure and subsequent legal proceedings, the land recently became available through a court ordered sale. EAST WEST Commercial Real Estate represented Liberty Towers for the successful re-purchase of this land. Escrow closed this week with a purchase price of only $675,000, less than 20% of Liberty Tower’s selling price seven years ago. Guy Spitzer of Cornish & Carey Commercial represented the court receiver.
Liberty Towers once again controls its destiny for the full block bordered by Elkhorn, Andrea and Hillsdale Boulevards and is excited about future ministry opportunities. “Our goal is to welcome the community with open arms onto our campus”, said Schneider, who operates a boys / girls basketball and cheerleading league called Upward, which hosted nearly 350 participants earler this year. “We are currently partnering with various local organizations and sports leagues to propose re-development of the land out back for expansion of our community sports program and hope to add Upward Football this Fall.”
EAST WEST Commercial Real Estate is certainly pleased to partner with Liberty Towers to bring revitalization to this North Sacramento neighborhood. The future is most definitely bright for this community.
About Brian Jacks
Brian Jacks is a Sacramento commercial real estate broker (since 1996) specializing in commercial leasing and investment sale transactions for retail, shopping centers, multifamily, apartments, senior housing, office, industrial, mixed-use, and special purpose properties. Having spent over 20 years with Wells Fargo, he personally facilitated the underwriting, approval and funding of approximately 250 loans totaling over $1 billion in loan proceeds.
Jacks is a Regional Vice President for EAST WEST Commercial Real Estate, a full service commercial real estate brokerage advisor based in Orange County. In addition to serving the Sacramento marketplace, he is also responsible for the company’s current expansion into the San Francisco Bay Area.
For more information, contact Brian Jacks at:
(916) 837-3456 | Brian.Jacks@EastWestCommercial.com
http://www.Sacramento-Commercial-RealEstate.com
http://www.Twitter.com/SacCommercialRE
http://www.Facebook.com/SacCommercialRE
http://www.GPlus.to/SacCommercialRE
http://www.LinkedIn.com/In/Bjacks
Brian Jacks, East West Commercial Real Estate’s Vice President and Regional Director, was recently featured in the Sacramento Business Journal for his expertise in the Sacramento commercial real estate industry. Staff writer, Sandord Nax, of the Sacramento Business Journal stated in his article Friday, June 15th, 2012, “Several Capital-area churches are taking advantage of low interest rates and prices to buy property and provide permanent homes for their active congregations”. Click here to read more.