Why are Buildings Selling in Today's Rotten Real Estate Market?

It might be surprising to learn that industrial buildings are selling in this difficult real estate market. Some of the reasons why buildings are selling is because values are at 20-year lows. Another reason why is because the interest rates are at historic lows. Buyers are expecting huge discounts on property today and are finding them. For example, a new listing at 1016 Fuller in Santa Ana (5,201 Sq. Ft. industrial building) was just listed at $598,000 which would equal a rent payment of $0.78/ Sq. Ft. Gross! This building would have sold three years ago for over $1 million. In addition, buyers expect a discount off of the asking purchase price if there is a deficiency with the building. For instance, 1016 Fuller has very limited parking. Thus, it will likely be discounted further. For more information about this example listing, please go to:

http://www.youtube.com/watch?v=Hgw4o20Kmms

What a Week on Wall Street!

Check out this week's Financial and Economic Report, Courtesy of Wells Fargo:

http://ocindustrialgroup.com/files/WeeklyEconomicFinancialCommentary_08052011_V2.pdf

Why Hire a Broker to Negotiate Your Lease?

Today, a lease is usually 20 or more pages long! Get a qualified agent on your side. When you hire Kevin Thomas of Lee & Associates – Newport Beach, you engage the services of our researchers, data banks, and secretarial staff. Besides, it makes good business sense to use a specialist who knows the market. 

Here's why you should from a broker's point of view:

 NO COST TO YOU 

The landlord is responsible for paying the broker so you don’t need to! 

 LET ME DO THE LEG WORK 

Having representation frees your time to take care of business of your company. I’ll do the work so you only need to spend time necessary to make the appropriate, informed decisions.  

 NO CONFLICT OF INTEREST 

I have a personal commitment to you. There is only one thing on my mind, creating the best value for you.  

 PUT A PROFESSIONAL NEGOTIATOR ON YOUR TEAM  

I have the expertise to represent your interest and drive a hard bargain on your behalf. 

 AGGRESSIVE AND TIMELY LANDLORD RESPONSE  

When I present a letter of representation, the landlord knows they have a genuine prospect and will respond seriously and timely.  

Call me biased but...

LEE & ASSOCIATES gives you priority.

You are assured your requirement is getting top priority. Our focus is on your transaction. You see all opportunities whether listed or soon-to-be listed. Which is why we really are the go to guys for your commercial real estate needs.

Tax the Rich to Feed the Poor

An interesting article I came across this weekend:

http://www.ocregister.com/articles/percent-310078-sales-first.html