Wednesday, February 23, 2011

Sunnyvale Bank Owned Duplex for Sale

Here is a turn-key, upgraded, bank-owned duplex in Sunnyvale, California. Both units are ready to be occupied which makes this property perfect for an investor or an individual looking to live in one unit and rent the other. The larger, three bedroom unit, has granite counter tops in the kitchen and bathroom. Both units have private backyards, inside laundry areas, hardwood floors and private garages. As you can see below this property is ready to be occupied and begin cash-flowing!! And with an asking price of $694,900 it is a deal worth looking at. Call us today to set a showing of this great bank owned Sunnyvale duplex.


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

On Monday, February 14th HUD announced that in the beginning of April they will be increasing the monthly mortgage insurance by .25 on every loan transaction!

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

Coming to market soon:

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

Mario Pinedo & The MPIRES group has been working the real estate marketplace in Silicon Valley since 1991. We help you with residential, commercial and investment real estate. We work within the Keller Williams Cupertino market center. For all of your real estate needs please give us a call and we will put all our resources to your disposal.


Commercial Real Estate. Residential Real Estate. REO. Foreclosure. Bank Owned.
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