Commercial Real Estate and the New Laws

This week I received the CoStar Report and one paragraph caught my attention…as buyers and sellers have asked me recently what will be the effect on commercial real estate transactions….this kind of sums it up:

To address risky lending practices, banks will be required to set aside additional capital to cover potential losses, and certain securities will no longer be acceptable as vehicles for capital reserves held by large banks. Banks also will be required to retain at least 5% of a loan on their books as “skin in the game” if the loan is sold and/or repackaged with other loans and securitized. Some relatively low-risk mortgages — for example, fully documented loans with fixed interest rates — are exempted under the law.

So, sellers must be prepared to present all appropriate financial info on the property being sold, and buyers prior investment record will be looked at closely…..just a sign of the times for all.

www.ronlargent.com ronlargent@kw.com

Branded Gas Stations for Sale

If you have been thinking about buying a gas station with convenience store, in that gas for cars is not going to go away…regardless of what is being done on alternative fuels, at least for awhile….we have just listed a nice group of branded gas stations, including Shell, Valero, 76, and Chevron. We have them along Interstate 5 (I5), as well as in the more rural areas, like Burney and Fall River Mills, and major cities like Chico and Oroville..and of course the the metro areas of Sacramento and Tracy.

Depending on the inside sales and the gallons sold, prices range from $500,000 up to $5 million….and the location is critical…so give us a call or e-mail. We will get you a list of stations, with photos, and financial info….and visit us on the web at www.ronlargent.com e-mail to: ronlargent@kw.com

Pio Loco Restaurant in Redding For Sale

Just listed the Pio Loco Restaurant in Redding....see it at www.ronlargent.com/featured and it is listed at $175,000. E-mail for details, financials, etc....Gorgeous restaurant and a favorite of many....in historic Pine Street School downtown. Owner retiring.

Now May Be The Time To Buy Commercial Real Estate

Over the past few days I have had a chance to look at commercial properties that are currently on the market, and there are some good buys out there. Specifically, I looked at mobile home parks, self storage properties, and gas stations…the 3 areas of my specialization, and there are some good commercial real estate deals to be made in each of these areas. Geographically, I coverd the Sacramento, Stockton, and Tracy areas, as well as north along I 5 to Redding. I saw a very nice seniors MHP in great condition and location; two very nice upscale mini storage facilities; and then two very busy branded stations along I5. Very impressive.

So, if this is an area that is of interest to you, and you are looking for a good return on your investment, send me an e-mail for details, photos, financials, etc…..

Now may be the best time to buy an income producting investment property.

ronlargent@kw.com www.ronlargent.com

Did You Know? About Redding Commercial Property

Did you know? In Redding proper, today, not including the County, we have 35 commercial category properties for sale from $500,000 to the top, which is $1,850,000. Some of these are very good deals, for they were financed back 3-5 years ago, and they have not been able to maintain the income that was needed. Some are selling considerabily below what was paid.

The return will vary, from an 8.7% cap on a mobile home park to a 6.5% cap on an apartment building or an office building.

So, if you are in the market for a good buy in commercial property, give us a call. The Largent Cmmercial Group is here to get you a good buy, or to help you sell in this market.

www.ronlargent.com ronlargent@kw.com

Commercial Trading Post.com

After thinking about this for a number of years, we decided to do it. Do What? Put together a national referral network for commercial real estate buyers, and we are calling it www.commercialtradingpost.com The purpose of this site will be to give buyers a chance to look at properties all over the country by geographical area and by property category and then be connected directly to the listing broker to get all of the details. It is a win-win for all, in that the buyers can get questions answered quickly; brokers can obtain qualified buyers; and sellers can sell their property. The network is funded by referral fees paid at the close of escrow, and brokers nationwide are being invited to put their listings on the site at no charge. With every 10 listings, the listing broker will get a free banner ad for 30 days. The goal is to get listings in front of potential buyers; give these buyers a chance to find out all of the details about the property; and to get the property sold to the right buyer.

Brokers can contact me at ronlargent@kw.com for details, and the input form for their listings…or call at 530-248-5601.

Commercia Real Estate-Property in Redding Area

We just got the new numbers in for the Bixby Knolls Mobile Home Park in Anderson just south of Redding, CA...and we are showing an 8.7% cap, which is an excellent investment cap for these times. The park is older but very stable and a great record of rents. Community water is an advantage to this rural area....and it is a money maker.

To get more details, go to www.ronlargent.com or you can see a video of the park on youtube.com/ronlargentcommercial

E-mail me with questions at ronlargent@kw.com