Commercial Condo for Sale Silver Creek Evergreen San Jose

Attention business owners: this is an excellent opportunity to own your own space for an office or warehouse near Silver Creek Valley Country Club. 1,500 square feet of shell condition space for an attractive price of $175,000. Commercial financing rates are very attractive especially for owner-user space through the SBA program.

Bank Owned Commercial Car Care REO for Sale in Hayward

Coming soon for sale in Hayward is a bank owned commercial 6,400 square foot automotive facility.  Well located on a major thoroughfare in Hayward and on a hard corner.  Clean building perfect for an investor or owner occupant. Call for details prior to the property going on the market.  This is a great opportunity to buy a bank owned commercial property in Hayward.

Santana Row Facing Condo Loft for Short Sale!

Coming soon is a wonderful condition Santana Row condo loft that overlooks the Row as a short sale.  Very good value for one of the best "B" floorplans.  And... the best parking option offered!  If you have a car that you love, you will really love the parking that comes with this unit. Call me for details on this excellent Santana Row condo opportunity,

Office Building Notes for Sale San Francisco Bay Area

There are 5 office building non-performing notes for sale in the Bay Area from one Bankruptcy filing. Offices are located in Oakland, Redwood City, San Rafael, San Francisco and San Mateo.  Notes can be purchased as a bulk or separately.  BK is Chapter 7 or full liquidation.  This is best when an investor wants to foreclose on the properties and acquire the hard assets. Aggregate unpaid balance is just over $9,000,000.  Call for details.

Rose Garden San Jose Short Sale Home for Sale

Coming soon is a great short sale house opportunity in San Jose historic Rose Garden. Not your typical small house in the Rose Garden. This is a well-located larger home on one of the best streets in the Rose Garden.
Short sales are the new bank owned opportunity in today's real estate market. Most banks now prefer to work through a short sale than the more abrassive foreclosure processs. Patience is a virtue and a necessity in acquiring a short sale - and the rewards are better!
1341 McKendrie Street, San Jose, CA 95126 offered at $795,000.

Rocklin Short Sale Hotel for Sale

Sacramento area short sale hotel for sale.  Very nice flag and excellent condition property.  Listed at $6,900,000.  Short selling bank is looking for surety of close - not an uncommon request from banks that are taking a loss on a loan - therefore an all-cash purchase is mandated.  Call for details on this rare flagged hotel opportunity.  Also - three other hotels for sale in Southern California with premier locations.

Temecula - Riverside County - Single Tenant Restaurant Absolute NNN deal for sale

7.2% cap rate, brand new 10 year lease, 20+ unit operator, great location, not a bank owned deal - just a very good investment property with high likelihood of stable tenancy.  This is one of the frequent deals that we are tracking which will provide an investor with a solid investment now and into the future. $1,075,000 and it is an absolute NNN deal.

6.7% cap rate self storage available for sale in Silicon Valley!

There is a very rare opportunity to buy a solid self-storage facility property in one of the best locations in the San Jose metro.  6.7 cap rate at a $2,900,000 purchase price.  Call for details.

1031 Exchanges Coming Back in Silicon Valley

For the last couple years, the volume of 1031 tax-deferred exchanges was very low in comparison to the last decade.  There is now a resurgence in the amount of 1031 exchanges being opened and completed in the last 6 months.  A typical 1031 exchange was of a single family home that was used as a rental property.  This home had a few hundred thousand dollars in equity and was being sold to trade up into a single tenant NNN investment - less hassles, less tenants, more cash flow.  When the single family home market drop starting in 2007, the equity in these rental properties dropped off and an exchange was no longer warranted.
Now, some 2 years after Silicon Valley's bottom (March 2009), equities are coming back and there is now a renewed need for the 1031.  Also, some investors who bought at the bottom in 2009 and 2010, are looking at newly created equity which also suggests rolling equities to a new property via the 1031.
The rules have not changed much and are still very favorable for an investor to leverage his equity into a new investment property, while deferring capital gains taxes.

Great Opportunity in the Multi-Family Market

This distressed four-plex represents a real opportunity for an investor. The 3,200 square foot building was built in 1963 and sits on a nicely sized 7,104 square foot lot. Although the property is currently vacant, this highly desirable Cambrian neighborhood will ensure a quick occupancy. Currently on the market for $599,000 this property represents a real value, especially when you consider it last traded in 2006 for $828,000 which correlates to a 38% reduction in price. This investment opportunity won't last long contact the MPIRES group for more information or to schedule a tour.

Two Single Family Homes in San Jose for Sale Bank Owned & Short Sale

We have two great deals on two single family homes for sale in San Jose - one is a bank owned property and the other is a short sale.  Both are excellent opportunities.
1. Bank Owned - in need of a contractor - this is not your paint and carpet fixer - if you scare easily then this is not for you!  Previous owner took the kitchen (cabinets and all) and the bathrooms (no toilets or tubs).  Now for the good part: it is a newer home (built in 1991) in the hot Berryessa area of San Jose, 2,350 square feet on a decent sized lot, 4 bedrooms, 2.5 baths.  This home is being offered at a discount to compensate for the repairs and the sweat equity needed.  Price approximately $600,000.
2. Short sale single family home in South San Jose 95138 zip code off of Monterey Expressway. 1,450 square feet, built in 1990, on a 5,700 square foot pie shaped lot.  This IS a paint and carpet fixer.  Nice location on the street and in the development.  Great for rental investment or owner-occupant. Pricing estimate is $450,000.
Both are not on the market yet - let us know if you want more details.

Distressed Duplex in San Jose

This short-sale duplex represents a real value for an investor looking to either get into, or expand their portfolio, in the duplex/ four-plex market. The 1,550 square foot San Jose building, which sits on a 5,600 square foot lot, was built in 1956. The current asking price of $425,000 represents a 33% reduction in price from its original 2005 listing price of $638,000. The two unit building has two - 2 bedroom, 1 bath units, both of which are currently occupied, and is in the Campbell Union School District. This won't be on the market long, contact MPIRES Group to schedule a tour or to obtain further information on this exciting opportunity.

Single Family House Bank REO in Berryessa Coming Soon!

Contractor special - home is large, newer but needs a few things: kitchen, baths, flooring, etc.  Should be on the market in the next couple weeks.  All cash buyers only - lenders will not lend on homes without stoves - let alone whole kitchens and baths.  Very good deal for someone looking to flip this house.  Email me for details on this bank owned San Jose Berryessa home for sale.

Needed: Officeless Sand Hill Venture Capitalist

There are few opportunities in commercial real estate on the Peninsula to take advantage of these days.  Yes, the national news in office, retail and hospitality is depressing.  But, we know different in the heart of Silicon Valley.  Office vacancies are bearable here, in fact, some major employers are taking massive space - Apple and Facebook to mention just two.
Retail is healthy on the Peninsula - low unemployment and healthy salaries support retail sales and we don't see too much retail turmoil.
Hotels are coming back.  This tends to be more a national issue compared to the more localized retail and office markets.
And the opportunity of the day is an office building adjacent to Sand Hill Road with rare financial distress that would be a great purchase for a venture capital group, law firm, medical group or...?  Stop paying $6 per foot for 1960's era office space and own much better space for less. Call us for details.

Short Sale Duplex in Downtown San Jose for Sale

There is a very well priced short sale duplex for sale in downtown San Jose. One 2 bedroom and 2 bath owner's unit, one 2 bedroom and 1 bath rental unit and a small storefront on the corner of N. 9th Street. Offered at a very attractive price of $171 per square foot!  Breaking $200 per foot in this area is already very good.
This will make for a strong rental investment property or great owner-user home.  Conventional Fannie Mae or Freddie Mac financing is also available.  Call us to set up a tour of this great short sale duplex in downtown San Jose.

Blossom Valley San Jose Short Sale Duplex for Sale!

 

Blossom Valley duplex short sale for sale - large units, great condition, excellent rental or owner-occupied location.  A $500,000 price point for this large of a duplex is an excellent deal. It is 2,599 square feet, 8,400 square foot lot and was built in 1979. Duplexes have great low density which means longer term tenancies on average and a better ownership experience.  Call us to see this property right away before it goes away.

San Jose Approved Short Sale Fourplex

One of best owner-occupied quality fourplex streets is available for sale as an approved short sale with Bank of America.  Offered at less than $200 per foot!  3 bedroom 2 bath owners unit delivered vacant.  The remaining three units are 2 bed, 1.5 bath.  This property will sell fast!  Actually it was in escrow the buyer's loan did not come through.  So, talk to us about this great deal and also about a great lender who can get the financing done.

Guardino Drive Fremont Condo Short Sale Coming Soon

Great investment or first time home buyer property near the Bart station in Fremont on Guardino Drive for Short Sale coming soon!  One bedroom, one bath unit, 693 square feet of living space, built in 1987, pricing should be in the $150,000 range - subject to bank short sale approval.  Very nice ground floor unit in a modern and well-located complex.  With interest rates at all time lows, this is a great opportunity to buy your own home or next investment property.  Call us to set up an appointment on this Fremont short sale.

Apartment Notes for Sale Los Angeles

We have direct access to over 10 apartment building notes that are for sale in Los Angeles County.  For more details, please contact me.  These are in various stages of distress - from temporary loan mods to final stages of BK.  Also, there are a variety of locations and sizes from 5 units to over 30 units.  Buying a Note from a bank does not in any way guarantee you that you will own the property.  But with the right strategy and flexibility in place, it can be a great investment.  Let us know if you want to sit down and review buying commercial or non-performing notes to buy.
Also check out out sites in LA: bankownedcommercialpropertylosangeles.com & losangelesinvestmentrealestate.com for more deals.

Commercial Real Esate San Jose

The commercial real estate market in Silicon Valley / San Jose is healthy - in parts.  We at the MPIRES group are working with retail tenants looking for space, office users, landlords leasing commercial properties and investors looking to buy retail, office and multi-family properties.  Overall, the San Jose metro is far healthier than the rest of California or the nation.

In core retail areas with good demographics, retailers are looking to occupy spaces to engage with the household incomes that surround the buildings.  Office users such as the many high tech companies that built the valley are looking to take space for future or immediate expansions.  Companies that support or are off-shoots of the big players (Apple, HP, Cisco, etc) are also looking to take space near their suppliers and customers.

Residential rents are up for a variety of factors (the rash of foreclosures, lack of good first time home buyer financing and an influx of new hires into the area).  This makes valuations on apartment buildings not very attractive to investors.  But they are great cash flow vehicles for the existing landlords.  Though, there are some very good opportunities in single unit rentals up to 4plex properties.

The commercial real estate market in Silicon Valley / San Jose has had its movements over the last few years.  We are here to guide you in whatever goal you want to achieve.