Category: Commercial Properties

Huge Price Drop – Commercial Property Investment

HUGE price drop on this off-market deal in Jacksonville– Need to sell it fast!

Buy it now at a 12% CAP and start collecting cash flow immediately, make some cosmetic improvements, increase rents and hold or sell it at about 8% cap for a nice profit!

Cash offers only please.

DESCRIPTION:
24 units, 2 two-story buildings on East side of Jacksonville (a B location)
Solid CBS construction with flat shingle roof
Below market rents
All units are 1 bed, 1 bath.
95% occupancy
Guaranteed Income via HUD-VASH Program for most tenants
Laundry room additional income
Units independently metered
Located in desirable South Riverside area near desirable San Marco area in Jacksonville, FL Needs TLC

Property Type: Multifamily
Property Sub-type: Garden/Low-Rise
No. of Buildings: 2
No. of Stories: 2
Year Built : 1964
Building Size: 17,575 SF
Construction: CBS

Unit Mix
One-bedroom, One bath: 24 Units
Occupancy: 95%

Actual NOI: $86,952

NEW Purchase Price: $725,000 NET (was $760,000)
Low Price per Unit: $30,208
Cap Rate: 12%

TERMS:

Must be ready to close Fast!
Cash Offers only
10% Earnest money
7 day inspection period max.
Possible Seller Financing
____________________________________________________________

For more information:

Mike Cathell,
Broker/Owner, Investment Property Consultant

Real Estate Services of SWFL, LLC
Real Estate Services of Citrus County, LLC

Cell:  (239) 770-6250   Fax:  (239) 288-2505
Email:  InvestSWFL@gmail.com
 

 

#Commercial Property  #Commercial Property Investment  #Multifamily Investment

#Multi-family investment  #income producing property

Florida Commercial Real Estate Investments -1/21/17

These properties are listed the day received.  They sell quickly and may not be available shortly after posting.  Email:  InvestSWFL@gmail for information.  Need specific property address and Buyer information.  No Brokers, Principals Only.  Commission for Agents must be paid by your Buyer.
This group receives information from known sources but is not responsible for any misinformation.  Posted as received.
Note Buyers Looking for Huge Discounts

PN’S, NPN’S, Commercial and Residential. Choose your locations. Due to a recently developed relationship we are now able to place real and performing note buyers directly with the sellers that supply such assets. Deal directly with the asset owners as they custom portfolios that meet your own criteria. Call for additional information and to move forward. Direct buyers only who have previously bought in this market place.
________________________________________________________________

$1,750,000 + 3% fees to be paid by buyer!!
Cap Rate
8.19%
Floors 3
Units 29
Occupancy 95%
Lot Area 16,464 sqft
Building Size 44,000 sqft
Year Built 1974
29 Unit Multi-Family
101 SOUTH PENINSULA DRIVE, DAYTONA BEACH, FL 32118 
 
 
 
COUNTY Volusia
BUILDING SF 44,000
LAND SF 16,464
NUMBER OF UNITS 29
YEAR BUILT 1974
YEAR RENOVATED 2006
OWNERSHIP TYPE Fee Simple
FINANCIAL SUMMARY
OFFERING PRICE $1,750,000
PRICE PSF $39.77
OCCUPANCY 95.00 %
PRICE PER UNIT $60,345
NOI (IN-PLACE) $143,348
NOI (MARKET) $184,388
CAP RATE (IN-PLACE) 8.19 %
CAP RATE (MARKET) 10.53 %
 
 
 
 
DAYTONA, FL.
20  UNITS 
GOOD SIZE ONE BEDROOM & ONE BATHS
CONCRETE CONSTRUCTION
WELL MAINTAINED
100% OCCUPIED
NEW ROOF
NEW KITCHENS, BATHS,
A/C’S, WATER HEATERS,
 NEW LAUNDRY, PARKING
40 YEAR CERT.
Net Income: $ 216,000
Expenses: $ 55,000 *real number
CAP RATE: 9%
$1,400,000 3% FEE
SELLER OPEN TO OFFERS
WILL CARRY A MORTGAGE
 
 
 
OFF MARKET
HOMESTEAD
2 COMPLEXES
TOTAL 110 UNITS
MANY HAVE NEW KITCHENS
MANY HAVE NEW BATHS
REMODELED & GREAT CONDITION
98% OCCUPIED
2 BUILDINGS NOI ABOUT $410,000
RENTS LOW, GOING UP TO $900 P/M
BUY BOTH FOR $5,891,600 +2% 
CALL FOR PROCEDURES & FINANCIALS

 CLEAN AND UNIQUE PORTFOLIO

•  Location: Broward & Dade County
•  Properties:19
•  Units: 49
3 Single Family home
12 Duplexes
1 Triplexes
3 Fourplexes
•  Asking Price: $5,650,000.00

•    Transferable Mortgage debt: $3,175,125.00
•    Asking Price per door: $115,306.00
•    Average rent per unit: $1,250.00

•    Vacancy: 3.9%
*Vacant units are currently being rehabbed.

CALL FOR ADD’L INFO., FINANCIALS, PROCEDURES & MORE

OFF MARKET
SW DADE, FL
SHOPPING CENTER
ANCHOR: WALMART
235,000 SQ FT
31.91 ACRES
100% OCCUPIED
PRICE $75,000,000
INCOME/EXPENSES  AVAILABLE
CALL FOR ADD’L. INFORMATION PICTURES & PROCEDURES

OFF MARKET
WESTON, FL
SHOPPING CENTER
100,000 SQ FT
2.5 ACRES
NOI: $1,887,088
CAP RATE: 6.2%
SHOPPING CENTER: $27,000,000
2.5 ACRES: $3,000,000
CALL FOR ADD’L. INFORMATION PICTURES & PROCEDURES

 
 For more information:

Mike Cathell,
Broker/Owner, Investment Property Consultant

Real Estate Services of SWFL, LLC
Real Estate Services of Citrus County, LLC

Cell:  (239) 770-6250   Fax:  (239) 288-2505
Email:  InvestSWFL@gmail.com
 
 
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

]

Commercial Real Estate Loans Now Available!

AIUS – Automated Intelligent Underwriting

System Getting Started is Quick and Easy

With our AIUS getting the commercial loan that suits your needs is quick and easy. To receive a customized quote, simply complete the loan request summary below. You will receive a confirmation email and a Loan Production Manager will review your information and contact you with program information, including interest rates and loan options.

APPLY HERE

 

Mike Cathell,
Broker/Owner, Investment Property Consultant

Real Estate Services of SWFL, LLC
Real Estate Services of Citrus County, LLC

Cell:  (239) 770-6250   Fax:  (239) 288-2505
Email:  InvestSWFL@gmail.com
 
Real Estate Services of SWFL, LLC
#Florida Real Estate     #Cape Coral Real Estate    #Fort Myers Real Estate
#Real Estate Investing   #Property Investments   #Wholesale Properties
#Wholesale Florida Properties  #Commercial Real Estate Funding

 

Natural Foods Icon Seeking Lender to Realize the Dream Again!

For over 15 years, my client was an Icon in the Natural Foods Industry.  He left his business and dream, in the hands of a manager for several years when he took a leave to be with a seriously ill family member.  He returned to find he had been forced from the business.  Long story but not needed here.

He is ready to return to the Natural Foods Supermarket arena that he drove for many years.  His new dream needs help from an Investor.  Reasons to  get involved:

  • His staff which included certified nutritional experts will return!
  • His chef, who is Nationally known and the owner of a Natural Foods Restaurant, will return!
  • Over 300 of his vendors will ship product with no money down and 30-90 billing based on his reputation and past performance.
  • A nutritional company has offered to label an entire product line with his company name.
  • Past performance (included in our package) a 17% cap rate and growth up to 20% yearly.

His new Dream will create new jobs in SW Florida.  Support of local charities and children’s education groups. will be an integral part of the business again.  Unique ideas will be obvious to shoppers including an in-store greenhouse to grow produce organically that will be harvested right to the shelves of the market!

Timing is everything!  Interest in Natural, Healthy Foods is growing exponentially just as our population in SW Florida is also growing exponentially.

He is seeking Angel Investors or Private money Lenders for a $925,000 loan.  He is willing to pay compound interest with a 3 1/2 year payoff.  A small equity share may also be available for a few years.  The package shows examples of his past financial success, his plans for a new Natural Foods Supermarket and his projected growth.   Email InvestSWFL@gmail.com for a Non-disclosure, Non-circumvention Agreement.  The entire package will be emailed to you as well an invitation to talk directly to this SW Florida Icon ready to return.

???????????????????????????????????????

Mike Cathell,
Broker/Owner, Investment Property Consultant
Real Estate Services of SWFL, LLC

Cell:  (239) 770-6250   Fax:  (239) 288-2505
Email:  InvestSWFL@gmail.com

Investing in Multifamily Properties

I have recommended multifamily properties for Investors for the past several years.  One of the best reasons for Investing in Multifamily posted in the Fort Myers daily paper “The News-Press”  on November 30.

The vacancy rates in SW Florida at an all time low and new apartment developments being started.  Here’s the numbers showing the vacancy rate or the number of apartments available to rent out of the total apartments built.

Community                             Vacancy Rate %

North Naples                                     5.6

Central/N Ft. Myers                           3.9

Manatee County                               3.5

South Ft. Myers                                3.1

Cape Coral                                        3.1

East Naples                                       2.3

South Naples                                    1.6

Sarasota County                               1.5

Charlotte County                               1.1

Bonita Springs/Estero                     0

 

Mike Cathell,
Broker/Owner, Investment Property Consultant
Real Estate Services of SWFL, LLC

Cell:  (239) 770-6250   Fax:  (239) 288-2505
Email:  InvestSWFL@gmail.com
pointe royale 2

Investment Property for Game of Thrones fans

Looking for that special Investment Property?  Check this out:

winterfall_2475211

(Click on pic!)

Mike Cathell,
Broker/Owner, Investment Property Consultant
Real Estate Services of SWFL, LLC

Cell:  (239) 770-6250   Fax:  (239) 220-5508
Email:  InvestSWFL@gmail.com
Summer is Coming: Buy Game Of Thrones’ Red Keep For $743,132,880

Real Estate Trends 2014 SW Florida

Residential Trends Summary

  • Largest Population Immigration starting with “Baby Boomer” (people turning 65 years of age in next 18 years) moving to Florida after retirement.
  • New Construction House permits up 107% over same period last year.  Expected to double in next 3-5 years.
  • Highest number of units in New Construction is in $225,000 to $300,000 price range.  Next highest units in $3,000,000 International Home Buyersprice range
  • Rental rates increase due to large number of foreclosures, corporations moving facilities to SW Florida and again, Baby Boomer migration.
  • Multi-family units are being constructed as apartments with platting in place to convert to condos in 16 to 18 months.

Commercial Trends Summary

  • Average age of the population is increasing and medical needs are twice as high as current residents.  Need for Independent Living Facilities, Assisted Living Facilities (ALF) and Medical plazas.
  • Self Storage units are needed as retirees migrate to SW Florida downsizing their living space but still owning furniture from larger living spaces up North.
  • International Developers are Land Banking preparing for exponential population growth.
  • National companies are being courted to Florida by Economic Development Offices along SW coast with tax and building images 21incentives.
  • Lee County has 4 Trade Free Zones in place for businesses importing and exporting to International countries.
  • Veterans Investing Zone attracting medical facilities, shopping plazas, family attractions, hotels and restaurants.
  • Increase in need for small retail and condo/warehouse units as “Cottage” Industries grow with new Entrepreneurial incentives and need to move out of garages as business is growing.  This trend is also a result of the “Baby Boomer” migration.
  • Growth in need for Office space as companies are growing again after tremendous downsizing suffered during economic downturns.  Unique open office spaces and executive suites are also growing.
  • Commercial Owners are turning to Lease-Back Sales of their properties.

Mike Cathell,

Broker/Owner, Investment Property Consultant
Real Estate Services of SWFL, LLC

Cell:  (239) 770-6250   Fax:  (239) 220-5508
Email:  InvestSWFL@gmail.com