Finally there seems to be some indication that buyers and tenants are back in the marketplace. This is evidenced by the great month of May that my peers at Grubb & Ellis Company, Ontario and I just had, closing over 50 deals in 30 days. Needless to say we have not seen that kind of activity in many, many months. This certainly does not mean that the market is rebounding, in fact a lot of these deals took place at numbers that set a new low comp, but these comps help establish a realistic value that has been so hard to determine (or for many, just admit.)
Smart business owners will recognize that the next 6-18 months may represent one of the best opportunities in commercial real estate in years, especially as if activity continues at all like this.
Monday, June 7, 2010
Thursday, June 3, 2010
Three New Listings
In the past two weeks I have been fortunate enough to secure three new exclusive listing agreements. Detailed information is availble by clicking the link at the top of this page.
Here is a little information on each:
7240 Sycamore Canyon Blvd., Riverside.
34,573 square feet
1,500 square feet of offices
4 ground level loading doors
2 dock high doors possible
24' clear height
400 amp power
This building is visible from the 215 freeway and is ideal for manufacturing, warehousing or retail. In fact many of the neighboring properties are furniture stores. This is a brand new, never been occupied building.
This property is offerd for lease at a teaser rate of $.25 per square foot gross.
1087 E. 9th St., San Bernardino
25,400 square feet in two buildings
Building 1:
13,400 square foot block and metal building
1,500 square feet of offices
12' clear height
5 ground level loading doors
200 amp power
Building 2:
12,000 square foot metal building
14' clear height
5 ground level loading doors
200 amp power
Total lot size is +/- 66,211 square feet
This is pretty low end manufacturing space. The current owner makes camper shells there.
The asking sale price is only $38.50 per square foot or $977,900.00
14762 Central Ave., Chino
6,140 square feet
500 square feet of offices
16' clear height
2 12'x14' ground level loading doors
200 amp 277/240 volt power
Fenced yard.
This is a nice small free-standing building with great frontage on Central Ave.
This building is available for lease at $.55 per square foot Gross
This is a sub-lease through August 31, 2012
These new listing should keep me busy for a little while!
Here is a little information on each:
7240 Sycamore Canyon Blvd., Riverside.
34,573 square feet
1,500 square feet of offices
4 ground level loading doors
2 dock high doors possible
24' clear height
400 amp power
This building is visible from the 215 freeway and is ideal for manufacturing, warehousing or retail. In fact many of the neighboring properties are furniture stores. This is a brand new, never been occupied building.
This property is offerd for lease at a teaser rate of $.25 per square foot gross.
1087 E. 9th St., San Bernardino
25,400 square feet in two buildings
Building 1:
13,400 square foot block and metal building
1,500 square feet of offices
12' clear height
5 ground level loading doors
200 amp power
Building 2:
12,000 square foot metal building
14' clear height
5 ground level loading doors
200 amp power
Total lot size is +/- 66,211 square feet
This is pretty low end manufacturing space. The current owner makes camper shells there.
The asking sale price is only $38.50 per square foot or $977,900.00
14762 Central Ave., Chino
6,140 square feet
500 square feet of offices
16' clear height
2 12'x14' ground level loading doors
200 amp 277/240 volt power
Fenced yard.
This is a nice small free-standing building with great frontage on Central Ave.
This building is available for lease at $.55 per square foot Gross
This is a sub-lease through August 31, 2012
These new listing should keep me busy for a little while!
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