Tag: Commercial Real Estate

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
 
 
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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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.

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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

Innovative Mortgage News


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If Your Buyer Has a Minimum 720 FICO Score
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* Loans from $175,000 to $417,000
* All fixed-term mortgages
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This is not a commitment to lend. Not all borrowers will qualify for this program.

Commercial Real Estate Investment Opportunities SW Florida – 2014

SW Florida Investment opportunities are being driven by the largest immigration in their history- Baby Boomer Retirees.  Their needs will include:

  • Independent Living Facilities and Assisted Living Facilities
  • Storage facilities
  • New Home Construction
  • Retailers specializing in health products and products for senior life style.

This large immigration will also foster the largest exchange of money in SW Florida’s history also.  Astute Investors will be planning and building the facilities needed to provide life style to this huge population over the next 10 years.   One example of the need for this movement was discussed last year at a City Council meeting.  An empty hotel building on the Fort Myers waterfront (asking price $45 million) will only be issued a permit for use as an Independent Living facility.  These facilities if planned and rehabbed properly can experience a 50% or higher cap rate.

Office space pricing will increase driven by existing companies as well as start-ups.  Companies were forced to downsize dramatically as the economy dropped.  images (4)Employees were forced to take on new jobs as the number of people in the work force was downsized.  The economy is now trending upward and unemployment figures have decreased.  Companies now need more space as they grow in services and number of employees once again.

Office space will also be driven by the entrepreneurial spirit growing from large unemployment and Government incentives to open businesses.  Baby Boomers again are a driving force as they take their hobbies to a business during their retirement.  Unique spaces such as Executive Suites, Open Work Spaces and “Green” work space have become buzz items for this new entrepreneur entering the business world.

Another unique opportunity has emerged due to rising interest rates and commercial property owners being unable to refinance their properties.  As due dates for balloon payments loom in the near future, some owners are selling their properties and leasing the property back from the new owner.  This creates a great investment property with an existing tenant wanting a long-term lease.

The above opportunity is also being offered by financial institutions as a discounted note sale.  The advantages to the note buyer are many.  Producing notes provide a stream of income and an opportunity to sell the note to the mortgagee at a future date.  The Note Holder takes the place of the Bank so the property owner is still responsible for property taxes and insurance.  If property owner defaults on payments then Note Holder can foreclose on the property and now own an under market price property.  Some Note Holders actually purchase non-performing notes with the intention of foreclosing to obtain ownership of property at very discounted market prices.

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

YOU ONLY FAIL IF YOU QUIT! by Julie Broad from Rev N You with Real Estate

Often I am asked, what do I read to get information and education on Real Estate Investing.  One of my favorite is Rev N You with Real Estate.  The following is from an email sent from Julie Broad that hit home.  Enjoy and check out their site.

Dear Mike, 

When I was in University working towards my Business degree, I had to take some nasty courses. Calculus, Accounting, Stats, Finance and Economics were amongst the ones I categorized as nasty. 

Calculus, in particular, was a massive challenge for me. After midterms, I was failing. The final exam was worth 50% so I still had a shot of pulling myself up out of the land of “F” but I would end up with an ugly grade no matter what I did. 

I did what I thought I had to do to save myself from a D or an F on my final transcripts – I dropped out of Finance and Calculus. 

I did not fail though. I enrolled in those classes again, hired a tutor and worked my butt off. I finished both Finance and Calculus with an A and on the Calculus final exam I took home the HIGHEST 
score in my class. 

I freaking hate Calculus … I don’t like finance either … I would much rather write just about anything than calculate numbers for anything … but I got some help and came back to CRUSH the numbers. 

I didn’t fail. The only way I would have failed is if I gave up. 

YOU ONLY FAIL IF YOU QUIT! 

This is true of everything in your life … but especially real estate. 

At a Toronto Investor Forum, Cary Mullen, downhill skiing world record holder and now real estate developer, said “The prize is at the other side of your fear”. And the reality is that most of us aren’t fearing something that will kill us, we’re fearing the social embarrassment of failing. So I wanted to let you know that YOU ONLY FAIL if you quit… so as long as you’re committed to making it happen you have nothing to fear. You will not fail. 

You actually might be surprised to learn of all the GREATNESS in the world that comes out of mistakes. 

I am sure you’ve heard of how we got Post It Notes? That was a mistake … chemist Spencer Silver was trying to create a stickier more adhesive glue. It didn’t work, obviously. Then his colleague Art Fry started using them for sticking bookmarks into books. Today’s Post It Note would not exist if it were not for the mistake of Spencer Silver. 

Starbucks started as a mistake too.

 

The first store didn’t even sell coffee! If you’ve been to the flagship store in Seattle you’ll notice it’s different than the other stores of today. It sold herbs, beans and teas. It also sold coffee equipment. It didn’t have espresso. It wasn’t until it was sold to Schultz, rebranded and adjusted to focus on selling espresso that it took off. But the Starbucks of today may not exist if it were not for the founders of the first Starbucks who began!

 

Seth Godin, in his latest book ‘Poke the Box‘ says this about Starbucks:

But what if the “wrong” Starbucks had never been built? What if Jerry and his partners had said “Well, we’re not sure if this bean thing is going to work, so let’s do nothing”? Without Jerry Baldwin and his flawed idea for a coffee bean store, there’d be no Frappuccino. One led to the other by the usual rout, which is never a straight line.

So my message to you today is simple! Step up … step out … and START. You never know when you’re going to make the BEST MISTAKE OF YOUR LIFE! It just might be today.

Here’s to the mistakes we’ll make! 

Best regards, 

Julie