Investment Real Estate topics throughout California and sometimes further! Mario Pinedo has been a Realtor since 1991 in Silicon Valley and has sold throughout California and the West. His primary investment vehicle is multi-family rental properties. Mario focuses on major markets from San Diego, Orange County, Los Angeles, San Jose, San Francisco and northern California. He currently lives in Irvine, CA.
Wednesday, February 23, 2011
Sunnyvale Bank Owned Duplex for Sale
Starbucks Commercial Single Tenant NNN Investment in West Los Angeles
I like this deal - it's a single tenant NNN Starbucks in a great area with high household incomes and lots of new condo construction nearby. Excellent west Los Angeles county location. The picture is this morning at 8:00am, the place was very active with commuters grabbing their morning grande latte.
6.5 cap rate for 18 months, then a 7.25 cap rate for the next 5 years. Corporate Starbucks signature on the lease. This is a solid asset, perfect for a 1031 tax-deferred exchange or for a direct investment giving you a 5x multiple return compared to the 1.25% in the local bank CD. Call me for details. This Starbucks NNN deal will go fast.
Single tenant NNN investments, Ecuadorian dwarfs & DaVita Dialysis Centers
What do DaVita Dialysis Centers, a tribe of diminutive people in South America and your 1031 exchange into a single tenant NNN property have in common?
Let me start with this, do you remember buying your plane ticket at your local retail center where your trusted travel agent was located? Yes, it's been a while, perhaps some 15 years since they dominated the landscape of retail spaces. Now, you don't go buy a paper ticket next to the Starbucks, you buy it on your laptop at the Starbucks.
Do you remember the more recent local Blockbuster Video store or Hollywood Video store where you walked in a few times per week to rent your VHS (ok, that's too far back, insert DVD for you youngsters). Now on-demand video and Hulu reign supreme.
Were you at the Howard Hughes Center mall last night in the Border's book store which is having a store closing sale? Why this travesty? Think Amazon, Kindle and Ipad magazine e-scriptions.
Ok Mario, what's the theme here? maybe... Technology kills things!
...and it kills things in relation to your commercial real estate investment.
One of the hot single tenant NNN property classes for sale are the dialysis centers that are popping up all over the map - think DaVita Dialysis as the Kleenex in this category. Hundreds of new DaVita centers are being built in local neighborhoods to service the needs of patients with poorly functioning kidneys typically an effect of long term diabetes disease. The investment concept around the sale of these NNN investments is that the centers will be well frequented by their base of committed customers for decades on out.
I was explaining my understanding of this to my muse Julie this morning in the car and she recalled Ecuadorian dwarfs in South America. (please hang on, there is a circular connection coming soon)
Apparently in the last few days, an article was posted about this tribe in the Andes where the genetic make up of the tribe makes cancer and diabetes virtually non-existent. So, the medical research world has invaded the little tribe to find the medical fountain of youth (or at least the fountain of anti-carcinogen) When (not if) this gene is isolated and when the drug company gets FDA approval, some of these ailments will be eliminated or reduced.
I may be overly focused on my favorite group of people - the commercial investors out there - and my concern is that there may be empty DaVita Dialysis centers on the landscape one day in the future - or at least some renegotiated leases because their business will slide.
Therefore, as a suggestion for your next real estate investment move, stay clear of over-valued NNN deals that may not be the hot investment vehicle of the near future. Instead, consider the basics of coffee, the local Burger King and my favorite - Taco Bell - as a healthy investment alternative. In my opinion, as healthy or not as we seem to be becoming, the US appetite will always crave the Whopper.
Tuesday, February 22, 2011
FHA Increases Monthly MI
Friday, February 18, 2011
Monday, February 14, 2011
New for Sale Condo Listing Santana Row with a Balcony!
Just listed for sale in Santana Row's Margo building is one of the best 1 bedroom units available. 736 square feet for a unit on the 2nd floor of the Margo building with a private balcony facing Cocola Bakery. Offered at $320,000 - this is a reasonable price for this location and floor plan. The unit also comes with two parking spaces - very rare upgrade in the 1 bedroom units. Hurry, this unit will not last and a 1 bedroom in Santana Row with 2 parking spaces and a balcony is a rare sight.
Friday, February 11, 2011
New Bank Owned Deals in San Leandro and Hayward
Bank owned, 4,100 square foot new retail building in shell condition on major thoroughfare in San Leandro. Perfect owner user or investor building with multiple doors for various tenant spaces. Good parking with two street entrances. $649,000.
Bank owned, 10 acre parcel in the Hayward hills for 18 home subdivision new home development. Outstanding area amidst other high end home developments. Views from some of the lot locations. Call me for an update on the tentative map approval process which is underway. Price depending on an as-is purchase or after map approval.
Thursday, February 10, 2011
Real Estate Services in Silicon Valley and Throughout California
Commercial Real Estate. Residential Real Estate. REO. Foreclosure. Bank Owned.
California
Real Estate Sales: Online Home Finder - Search, House Hunting, House, Real Estate Listings, Sell Your Home, Sell, Buy a Home, Buy, Buyer, Buying, Seller, Selling, Real Estate, House For Sale, House, For Sale, Residential, Commercial, Residential Property, Residential Listings, Condos For Sale , Condominium, Condos, Condo Conversion, Commercial Property, Investment Property, Investment, Land, Raw Land, Develop Land, Business Opportunities, Business For Sale, Vacation Property, Beach Homes, Beach Property, Ocean View Homes, Golf Properties, Golf Course Properties, Real Estate Investing, Investments, Land For Sale, Find A Realtor®, Realtor, Real Estate Agent, Buyer Broker, Buyer Agent, Real Estate Broker, Real Estate Professional, Real Estate Advice, Real Estate Expert, Private Annuity Trust (PAT), 1031 Exchange, 1031, Estates, MLS Search, Multiple Listing Service, MLS, Search Listings, Open House, Open Houses, Top 10, Top, Best Service, Best, Quality Service, Quality, Customized Commissions, Flexible Commissions, Commission Rebate, Buyer Rebate, Rebate, 4% Total Commission, 4%, 2% Total Commission, 2%, 6% Total Commission, 6%, Listing Commission, Brokerage, Discount Real Estate, Discount Real Estate Brokers, Discount Real Estate Agents, Discount Real Estate Broker, Discount Real Estate Agent, Discount, Lower Commissions, Low Commissions, Save, 4KRG, Keller Williams Realty, MPIRES Realty Group, Agents, Mario Pinedo
Mortgage Services, Mortgage Loans - CS Financial, Home Loan, Refinance, Real Estate Loan, Mortgages, Loans - Prime to Sub-Prime.
Relocation Services: Move across the country, Move to California, Move to/from Silicon Valley, or get relocation assistance to any where in the world. Many of our clients are moving to or from Washington, Oregon, Idaho, Nevada, Arizona, Texas, North Carolina, Florida, Illinois, Massachusetts, Washington, D.C., Connecticut, New Jersey and New York.
MPIRES group services the following areas: California, Monterey County, Carmel, Carmel Valley, Del Rey Oaks, East Salinas, Fort Ord, Marina, Monterey, North Monterey County, Prunedale, Castroville, Aromas, North Salinas, Pacific Grove, Pebble Beach, Salinas Monterey Highway, Seaside/Sand City, South Coast, Big Sur, South Monterey County, Greenfield, Chular, Gonzales, Soledad, King City, South Salinas, San Benito County, Aromas, Hollister, North San Benito County, Ridgemark, San Juan Bautista, South San Benito County, Tres Pinos, San Mateo County, Atherton, Belmont, Brisbane, Burlingame, Colma, Daly City, East Palo Alto, El Granada, Foster City, Half Moon Bay, Hillsborough, La Honda, Loma Mar, Menlo Park, Millbrae, Montara, Moss Beach, Pacifica, Pescadero, Portola Valley, Redwood City, Redwood Shores, San Bruno, San Carlos, San Gregorio, San Mateo, South San Francisco, Woodside, Santa Clara County, Campbell, Cupertino, Gilroy, Los Altos, Los Altos Hills, Los Gatos, Los, Gatos Mountains, Milpitas, Monte Sereno, Morgan Hill, Mountain View, Palo Alto, San Jose, San Martin, Santa Clara, Saratoga, Sunnyvale, Santa Cruz County, Adult Village, Aptos, Capitola, Highway 17, East Santa Cruz County, Rio Del Mar , Seascape, San Lorenzo Valley, Santa Cruz, Scotts Valley, Seacliff, Soquel, Watsonville, West Santa Cruz County, Alameda County, Alameda, Albany, Berkeley, Castro Valley, Dublin, Emeryville, Fremont, Hayward, Livermore, Newark, Oakland, Piedmont, Pleasanton, San Leandro, San Lorenzo, Sunol, Union City, Contra Costa County, Alamo, Antioch, Bay Point, Bethel Island, Byron, Knightsen, Blackhawk, Brentwood, Clayton. Concord, Clyde, Crockett, Port Costa, Danville, Diablo, Discovery Bay, El Cerrito, El Sobrante, Hercules, Kensington, Lafayette, Martinez, Pacheco, Moraga, Canyon, Oakley, Orinda, Pinole, Pittsburg, Pleasant Hill, Richmond, Rodeo, Rossmoor, San Pablo, San Ramon, Walnut Creek, San Francisco County, San Francisco, Alamo Square, Anza Vista, Ashbury Heights, Balboa Terrace, Bayview Heights, Bernal Heights, Buena Vista Park, Central Richmond, Central Sunset, Central Waterfront, Chinatown, Civic Center, Clarendon Heights, Corona Heights, Cow Hollow, Diamond Heights, Dolores Heights, Downtown, Duboce Triangle, Eureka Valley, Excelsior, Fillmore, Financial District, Forest Hill, Forest Hill Extension, Forest Knolls, Glen Park, Golden Gate Heights, Hayes Valley, Haight Ashbury, Ingleside, Ingleside Heights, Ingleside Terrace, Inner Mission, Inner Parkside, Inner Richmond, Inner Sunset, Jordan Park, Lake, Lakeside, Lake Shore, Laurel Heights, Lone Mountain, Lower Pacific Heights, Marina, Merced Heights, Merced Manor, Midtown Terrace, Miraloma Park, Mission, Mission Bay, Mission Dolores, Mission Terrace, Monterey Heights, Mount Davidson Manor, Nob Hill, Noe Valley, North Beach, North Panhandle, North Waterfront, Outer Parkside, Outer Richmond, Outer Sunset, Pacific Heights, Parkside, Parnassus, Pine Lake Park, Portola, Potrero Hill, Presidio, Presidio Heights, Richmond, Russian Hill, Sea Cliff, Sherwood Forest, Silver Terrace, South Beach, South of Market (SOMA), St. Francis Wood, Stonestown, Sunnyside, Sunset, Telegraph Hill, Twin Peaks, West Portal, Western Addition, Westwood Highlands, Westwood Park, Van Ness, Nevada, Clark County, Las Vegas, Henderson
Keywords: Monterey County Association of Realtors, MCAR, mcar.com, Santa Cruz Association of Realtors, scaor.com, mlslistings.com, reil.com, Monterey County Real Estate, Monterey Peninsula Real Estate, Monterey County Land, Pebble Beach Real Estate, Del Monte Real Estate, Del Monte Realty, Carmel Real Estate, Pacific Grove Real Estate, Carmel Valley Real Estate, Big Sur Real Estate, Del Rey Oaks Real Estate, Seaside Real Estate, Marina Real Estate, Monterey Real Estate, Salinas Real Estate, Salinas Valley Real Estate, Prunedale Real Estate, Santa Cruz Real Estate, Watsonville Real Estate, Gilroy Real Estate, Hollister Real Estate, San Juan Bautista Real Estate, Soledad Real Estate, King City Real Estate, Greenfield Real Estate, Gonzales Real Estate, Aptos Real Estate, Capitola Real Estate, Monterey County Realtor, Realtor, Agent, Broker, Board of Realtors, Monterey County MLS, Monterey MLS, California, CA, USA, US, California Department of Real Estate, DRE, RE InfoLink, Find a Realtor, Find a Real Estate Agent, Real Estate Development, Developmnet, Land For Sale, Lots, Land Development, LAFCO, Lot, Plat Map, Land, South County, Zoning, Impact Fees, Development Fees, Williamson Act, FSBO, Foreclosure, Foreclosures, Bankruptcy, REO, REO's, BPO, Short Sale, Repo, Bank Repo, Bank Owned Property, Bank Owned Properties, Estate Sale, Fixer Upper, Trustee Sale, Notice of Default, Notice of Trustee Sale, REO Services, Asset Management, Broker Pricing Opinion, Tax Default, Real Estate Auction, HUD, HUD Agent, Real Estate Owned, Auction, Division of Real Estate, Las Vegas, Nevada, NV, Clark County, GLVAR