Bank Owned Commercial REO Retail & Office Center Orange County for Sale

Taking offers in February 2014 is a well occupied, very nicely constructed mixed office and retail center in southern Orange County, CA.  It is a bank owned asset with remarkably good condition and net income.  Approximately 67,000 square feet situated amongst 7 buildings on a 5 acre parcel of land. There are a variety of office and retail suites to accommodate various users. The asset is being offered un-priced. Market valuation should put this asset in the $10-15M range. Call for more details.

Distressed Menlo Park Medical Office Condos for Sale

We are tracking a new construction development in Menlo Park built for commercial medical office condos which is in pre-foreclosure.  Excellent location and well constructed building for medical office users who want to own their own space.  The development has been on the market for a while and now the construction loan is nearing foreclosure status. This is a good opportunity for an owner-user or investor to own a very costly to replace asset in the mid-Peninsula.  Call us for details.

Bank Owned Commercial Condo for Sale San Mateo County

We are tracking a commercial condo coming for sale on the Peninsula in San Mateo County. This property will soon be bank owned.  It is over 3,000 square feet, mostly warehouse space in an industrial park in north San Mateo county.

This property would be ideal for an owner user who has an industrial use business to serve San Francisco and the Peninsula. Call us for details 415-269-6249.

Commercial Condos Available for Sale San Jose

8 commercial condo units available for sale in San Jose for industrial users. Spaces available are 6,400 square feet - 12,800 square feet. Each unit has 200 aps @ 480 volt power. 24' clear height. Zoned heavy industrial. Built in 1979 and significantly remodeled in 2008. Offered at $69 per foot.
There are also some very good opportunities to lease in this complex and in others throughout San Jose and greater Silicon Valley.  Call MPIRES group to tour these spaces. This is a great opportunity to buy a bank owned commercial condo in San Jose.

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.

Bay Area Investment Real Estate - Mario Pinedo, CCIM Investment Update O...

Investment Property update for Silicon Valley. Single family home sales and commercial investment opportunities from www.MPIRES.com and Intero Real Estate.

Bank Owned Commercial Office Condo For Sale in Mountain View

JUST LISTED:

3,600+ square foot commercial office condo for sale in Mountain View. Full office build out. 5 year old property. Property consists of two commercial condos (with separate parcel numbers)built out as one contiguous space. These units can be demised and sold or rented by themselves. Gorgeous commercial business park community.

Configuration as follows: 6 private perimeter offices with glass side panels and top windows, twelve 8x8 cubes, two ADA bathrooms, a server room, lobby entrance, large meeting/conference space and spacious kitchen.

Last comparable sales in the complex are over $220 per foot for simple shell condition space. This well designed and built out space is offered at $699,000 or $192 per foot.

If you run a business in the lower Peninsula or Silicon Valley - this will be a great deal for you. Commercial distress in this location is rare. The high quality of the property adds even more value. Call us for confidential details on this asset.

We expect to have this on the multiple listing services by August 28th.

The MPIRES Group works with banks, servicers and investors to bring commercial/investment opportunities to the market. If you are looking to invest in distressed commercial investment property, let MPIRES Group show you the way. www.mpires.com

Commercial REO & Non-Performing Note Sales

The commercial real estate bank owned opportunities will not materialize as did the residential REO market of the last couple years. Most commercial banks have taken a completely different strategy to reducing their bad debt. Few commercial banks are even starting the foreclosure process because they do not want the bad commercial assets on their books. This necessitates increasing cash reserves to offset the bad debt. In lieu of this, the banks would rather sell their non-performing notes to investors, who then can foreclose on the properties without incurring FDIC triggers.

The commercial distressed property opportunities will be even more attractive to investors than the residential deals were. The challenge is how to participate in these opportunities.

My partner, Julie Duong and I have the solution. We are pairing investors with banks to facilitate these transactions. Call us for a consultation so that we can deliver to you the best deals available.