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Church Building – Sacramento (For Sale)
Purchase Price – $695,000
Building Size: 7,000 square feet
Lot Size: 0.82 acres
Parking Spaces: 72
Property Address: 450 Media Place, Sacramento, CA 95815
For more information on this property or other churches for sale in Sacramento, please contact Brian Jacks at (916) 837-3456 or Brian.Jacks@EastWestCommercial.com.
Brian Jacks is a Sacramento commercial real estate broker (since 1996) specializing in commercial leasing and investment sale transactions for retail, office, industrial, multifamily, senior housing, mixed-use, and special purpose properties. Having spent over 20 years with Wells Fargo, he personally facilitated the underwriting, approval and funding of more than 225 commercial real estate loans totaling over $1 billion in proceeds.
Jacks is a Regional Vice President for East West Commercial Real Estate, a full service commercial real estate brokerage advisor based in Orange County. In addition to serving the Sacramento marketplace, he is also responsible for the company’s current expansion into the San Francisco Bay Area. For more information, contact:
Brian.Jacks@EastWestCommercial.com
Cell (916) 837-3456 | eFax (916) 313-3778
915 L Street, Suite C440, Sacramento, CA 95814
BRE Broker Lic. #01217349
About EAST WEST Commercial Real Estate
EAST WEST Commercial Real Estate is a full service commercial real estate brokerage advisor specializing in investment sales, commercial leasing and finance for retail, office, industrial multifamily, senior housing, self-storage, mixed-use and special purpose properties throughout California, Nevada, Arizona, Texas and Florida. The firm is headquartered in Orange County, CA.
On August 29, 2013, in Economist Commentaries, by George Ratiu, Research Economist
As the traditional summer vacation season wrapped up, it became easier to focus on the economic performance over the first half of the year. However, the task became an exercise in reading fortune cookies given the many changes in the economy, the markets, and the legislative environment.
The main measure of economic activity—gross domestic product—has been redefined and revised by the Bureau of Economic Analysis during the second quarter. It has been redefined to include business investments in intellectual property, such as research & development, software, and entertainment and original artistic work. GDP has also been revised, as it normally is at regular intervals.
The results point to an economy that nominally is much stronger than it was a quarter ago, by almost $2.0 trillion. At the same time, the revised annual rate of growth for first quarter GDP dropped from 2.7 to 1.2 percent. However, the estimate for the second quarter growth rate is 1.7 percent, indicating an accelerating economy. Of course, given the pace of acceleration, we should not expect any whiplash, as there is no hurry in the macro advance.
Sales of major properties (over $2M) advanced 24 percent on a yearly basis during the first half of this year, totaling $145.3 billion, based on Real Capital Analytics (RCA) data. Most property types registered double-digit growth rates, signaling strong investor interest in commercial assets. Based on National Association of REALTORS® data, sales of properties at the lower end of the price range (mostly below $2 million) increased 12 percent on a yearly basis.
Portfolio sales made up a significant part of transactions in the first half of the year, with Archstone’s sale of apartment properties accounting for over $14 billion of the total. Hotels were another major component of the top portfolio transactions. On the individual property side, the General Motors building in New York ranked at the top, selling for $1.3 billion, at $1,766 per square foot. Office properties made up the top three, with Sony Plaza and 425 Lexington Avenue, both in New York, coming in second and third place.
In line with growing demand for properties, prices rose 8 percent on a yearly basis, according to RCA’s Commercial Property Price Index. Prices rose the most for apartments (15%) and retail buildings (13%). The average apartment unit price reached $108.347. Retail spaces commanded $166 per square foot. Office buildings traded for an average of $212 per square foot, up 7 percent year-over-year. Industrial properties posted average prices of $63 per square foot, a 5 percent decline from a year ago. Cap rates inched up 17 basis points, to an average 7 percent nationally across all property types. For lower priced properties (below $2M), prices increased 2 percent year-over-year, based on survey data from the National Association of REALTORS®.
Investor interest in secondary and tertiary markets continued in the first half of the year. Markets like Jacksonville, Long Island, Philadelphia, Las Vegas posted triple-digit growth rates in sales volume. By the year’s midpoint, 31 markets exceeded the $1 billion mark. In terms of dollar volume, Manhattan, Los Angeles and DC’s Northern Virginia suburbs rank at the top of the list. However, Dallas and Houston move in the top five, surpassing Atlanta, Chicago and Boston.
Distressed properties accounted for $118 billion across all property types, with office making up $36.5 billion of the total. The workout rates have been steadily climbing, reaching 66 percent in the first half of the year. Apartments and hotels recorded the highest workout rates, at 68 percent and 67percent, respectively.
New commercial distress is on a downward trend, as asset values continue to rise. CMBS continues to hold the largest proportion of outstanding distress—45 percent. U.S. banks are the second largest holder of distressed properties, accounting for 25 percent.
Several markets stand out for their rates of distress workouts. Las Vegas retains the top spot in terms of total current outstanding distress—$11.4 billion. Its workout rate is 43 percent, a fairly low figure. Manhattan posted the second highest current outstanding distress volume, totaling $8.4 billion. However, its workout rate reached 77 percent in the first half of the year. Other markets with high distress workout rates were DC (82), San Francisco (87%), Pittsburgh (79%) and San Jose (76%).
It’s still a tenant’s market out there… and its been that way for quite some time here in the Sacramento area. Commercial property owners know all to well that savvy tenant’s have the upper hand when it comes to negotiating new or renewal leases. However, not being armed with the right information (and trying to go it alone) can lead to less than stellar results.
Photo by the Sacramento Business Journal
The Sacramento Business Journal discussed in a recent article how Rob Fauble, owner of The Beat (a record store in Midtown Sacramento), lost his commercial property lease after 19 years in business at 1700 J Street. Although Rob make the right decision to hire a local Sacramento commercial real estate broker, he was still unsuccessful in cutting a deal with the landlord to let him stay. Occasionally, a commercial property owner has the opportunity to upgrade a tenant with a national company, who can pay more rent and create value for the property… such as the case with The Beat’s former location.
More often that not, however, in this current market, tenant’s hold the necessary leverage to negotiate highly favorable lease terms for commercial property throughout the greater Sacramento area. Click Here to continue reading for a list of do’s and dont’s to learn how tenants can best prepare for this important task.
China’s growing appetite for foreign goods is staggering and California is racing to meet the challenge. Fueled by Governor Brown’s whirlwind trip to six Chinese cities last April, a follow up trip took place in May by the California Asian Pacific Chamber of Commerce (CalAsian Chamber) and officials within the City of Sacramento.
Having the privilege of participating with the CalAsian Chamber delegation, I joined Pat Fong Kushida (President of CalAsian Chamber) and Margaret Wong (President of McWong International), along with elected officials and many other business leaders on our first stop in Shanghai. Here, we visited the brand new California-China Office of Trade and Investment, which is operated by the Bay Area Council. It is the first foreign trade office California has re-opened since all were shut down in 2003.
Shanghai Tower (left) – second tallest building in the world, 2073 feet tall, 121 stories, 4 million SF
East West Commercial Real Estate is pleased to announce the May 2013 opening of Fitness Systems Land Park at 1250 Sutterville Road in the City of Sacramento. Fitness Systems is part of a local network of athletic clubs with three additional locations in West Sacramento, Lodi, and Woodland.
Fitness Systems Land Park – Sean Covell (Owner / Operator)
To continue reading, click here.
Article contributed by Brian Jacks
Brian Jacks is a Sacramento commercial real estate broker (since 1996) specializing in commercial leasing and investment sale transactions for retail, shopping centers, multifamily, apartments, senior housing, office, industrial, mixed-use, and special purpose properties. Having spent over 20 years with Wells Fargo, he personally facilitated the underwriting, approval and funding of almost 250 commercial real estate loans totaling over $1 billion in proceeds.
Jacks is a Regional Vice President for East West Commercial Real Estate, a full service commercial real estate brokerage advisor based in Orange County. In addition to serving the Sacramento marketplace, he is also responsible for the company’s current expansion into the San Francisco Bay Area. For more information, contact:
Brian.Jacks@EastWestCommercial.com
Cell (916) 837-3456 | eFax (916) 313-3778
915 L Street, Suite C440, Sacramento, CA 95814
Broker Lic. #01217349
About EAST WEST Commercial Real Estate
EAST WEST Commercial Real Estate is a full service commercial real estate brokerage advisor specializing in investment sales, commercial leasing and finance for retail, office, industrial multifamily, senior housing, self-storage, mixed-use and special purpose properties throughout California, Nevada, and Arizona. The firm is headquartered in Orange County, CA. Brokerage offices include Sacramento, San Francisco, Walnut Creek, San Jose, Oakland, Los Angeles, San Diego, Orange County, Riverside, San Bernardino, Reno, Las Vegas, Phoenix and Flagstaff. Other services include bank REOs, 1031 exchanges, nationwide commercial Business Opinions of Value (BOV’s) and Broker Price Opinions (BPO’s), mortgage brokerage, lender services, and asset management.
Lancaster / Palmdale 20 Home Portfolio For Sale
– Properties are 100% Occupied
– Some homes are Section 8
– Motivated Seller!
– Properties are within close proximity to each other allowing for easy property management.
– Great Cashflow!
For more information on this listing or our other listings in Los Angeles, please contact:
Michael Duhs at (949) 939-8352 | Michael.Duhs@EastWestCommercial.com
Brittany Duhs at (949) 573-3105 | Brittany.Duhs@EastWestCommercial.com
Click Here for Marketing Brochure
Price: $849,000
This 1.25 acre site was a previous furniture manufacturing company with 2 metal buildings, covered storage units, trailer parking, and 2 large parking lots. Located in the Agua Mansa Enterprise Zone giving owner employee hiring tax credits, low interest revolving loan fund, business expense deduction, and other tax benefits. Click here to learn more about the Agua Mansa Enterprise Zone benefits!
For more information on this listing or other investment opportunities, contact Michael Duhs at (949) 939-8352 or Michael.Duhs@EastWestCommercial.com or Brittany Duhs at (949) 573-3105 or Brittany.Duhs@EastWestCommercial.com.
This 1.25 acre site was a previous furniture manufacturing company with 2 metal buildings, covered storage units, trailer parking, and 2 large parking lots. Property is on 2 parcels and can accommodate two separate businesses. Rail crossing at adjacent property. Offices plus large warehouse space. Multiple roll-up doors. Property is fenced. Motivated seller!
Close proximity to the 10, 15, and 215 Freeways. Main cross streets are N. La Cadera and W Valley Blvd.
The information contained herein has been obtained from sources we deem reliable. While we have no reason to doubt its accuracy, we do not guarantee it. Buyer to conduct its own due diligence.
by Brittany & Michael Duhs of East West Commercial Real Estate; San Bernardino Commercial Real Estate for Sale, San Bernardino Commercial Real Estate for Sale, Commercial Real Estate Broker
About EAST WEST Commercial Real Estate
EAST WEST Commercial Real Estate is a full service commercial real estate brokerage advisor specializing in investment sales, commercial leasing and finance for retail, office, industrial multifamily, senior housing, self-storage, mixed-use and special purpose properties throughout California and Arizona. The firm is headquartered in Orange County, CA. Brokerage offices include Sacramento, San Francisco, Walnut Creek, San Jose, Oakland, Los Angeles, San Diego, Orange County, Riverside, San Bernardino, Phoenix, Flagstaff, and Reno. Other services include bank REOs, 1031 exchanges, nationwide commercial Business Opinions of Value (BOV’s) and Broker Price Opinions (BPO’s), mortgage brokerage, lender services, and asset management.
Visit Our Websites
http://www.EastWestCommercial.com
http://www.EastWestCaptialAdvisors.com
http://www.CommercialBrokerPriceOpinion.com
Living in Sacramento, its easy to take for granted that we actually reside in the State Capitol of California, which represents the 9th largest economy in the entire world. At times, a healthy reminder is in order to draw attention to this remarkable privilege that we all share. Important matters are considered and decided every day inside the venerable halls of the State Capitol. We are certainly fortunate to now have our very own local correspondent, Christopher Arns (Sacramento Business Journal), who has already written over 40 stories covering legislative activities surrounding the State Capitol since January.
It is incumbent upon citizens to communicate with legislators to ensure their voices are heard. It is within this context I participated last week in the 4th Annual Legislative Summit at the State Capitol, hosted by the California Asian Chamber of Commerce. Pat Fong Kushida (President & CEO of the CalAsian Chamber) led four teams who met with over 40 legislative offices to discuss pro-business issues including workforce development, taxation, economic development, and regulatory reform. It was a terrific day with open dialogue and a distinct willingness to come together.
California State Senator Jim Nielsen (third from left) with CalAsian Chamber lobby team
One such meeting took place with Senator Jim Nielsen (see picture above), where team representatives connected on a personal level, sharing concerns and ideas for improvement in various areas. This scene repeated itself many times throughout the day as we walked the halls, transitioning from one meeting to the next. In a fitting culmination of events, the CalAsian Chamber lobby teams capped off the evening with a tasteful reception with dozens of legislators and staffers, along with community and business leaders.
The CalAsian Chamber’s mission is to grow and empower the Asian Pacific Islander (API) business community throughout California. It represents the interests of nearly 600,000 API owned businesses in the State of California. Within the Sacramento region, there exists a significant API concentration in the Little Saigon area along Stockton Blvd, which is a two-mile stretch bounded by Fruitridge Road (on the north) and 65th Street (on the south). Two business and community leaders, who have invested heavily in this area, include Terre Johnson (Executive Director / Stockton Blvd Partnership) and Mai Nguyen (President / Greater Sacramento Vietnamese American Chamber of Commerce). Both of these effective leaders are dedicated to improving the economic vitality of the API community within South Sacramento. Johnson has even hosted local meetings with potential investors from the city of Anhui, China, who have considered potential projects along the Stockton Blvd corridor.
On a related note, the CalAsian Chamber is hosting a delegation of 20 business and community leaders, including some legislators for the 2013 China International Trade Mission & Expo next month to the cities of Shanghai, Kunshan, and Beijing. A few of those attending are identified in the picture to the right and include Andy Wong (Board Chair, CalAsian Chamber / Business Banking President, Northern California Division, Wells Fargo Bank), Gordon Hinkle (Director of Public Policy & Communications, CalAsian Chamber), and Brian Jacks (Regional Vice President, East West Commercial Real Estate). It’s certain to be a terrific opportunity to connect with future business opportunities both home and abroad. However, closer to home, the Little Saigon area of Sacramento is already starting to see some signs of revival, if even only in the form of small bamboo shoots. For example, an automotive / smog shop (former Jiffy Lube) located at 5736 Stockton Blvd (just south of Fruitridge Road) finally sold last week through short sale after a full year long process. This API business owner / investor intends to re-open quickly and become a vital part of the local business community.
Article contributed by Brian Jacks
Brian Jacks is a Sacramento commercial real estate broker (since 1996) specializing in commercial leasing and investment sale transactions for retail, shopping centers, multifamily, apartments, senior housing, office, industrial, mixed-use, and special purpose properties. Having spent over 20 years with Wells Fargo, he personally facilitated the underwriting, approval and funding of almost 250 commercial real estate loans totaling over $1 billion in proceeds.
Jacks is a Regional Vice President for EAST WEST Commercial Real Estate, a full service commercial real estate brokerage advisor based in Orange County. In addition to serving the Sacramento marketplace, he is also responsible for the company’s current expansion into the San Francisco Bay Area. For more information, contact:
Brian.Jacks@EastWestCommercial.com
Cell (916) 837-3456 | eFax (916) 313-3778
915 L Street, Suite C440, Sacramento, CA 95814
Broker Lic. #01217349
About EAST WEST Commercial Real Estate
EAST WEST Commercial Real Estate is a full service commercial real estate brokerage advisor specializing in investment sales, commercial leasing and finance for retail, office, industrial multifamily, senior housing, self-storage, mixed-use and special purpose properties throughout California, Nevada, and Arizona. The firm is headquartered in Orange County, CA. Brokerage offices include Sacramento, San Francisco, Walnut Creek, San Jose, Oakland, Los Angeles, San Diego, Orange County, Riverside, San Bernardino, Reno, Phoenix and Flagstaff. Other services include bank REOs, 1031 exchanges, nationwide commercial Business Opinions of Value (BOV’s) and Broker Price Opinions (BPO’s), mortgage brokerage, lender services, and asset management.
Los Angeles Triplex Investment Property
3 Units consisting of a 4BD/2BA House in Rear of Property and a Duplex each consisting of 1BD/1BA.
Great investment opportunity. Motivated Seller!
Close proximity to the 5 and 110 Freeways.
Seller Financing Available
Building Size: 2,604 SF
Cap Rate: 6%
100% Occupancy
7.4% Cash on Cash Return
For more information on this listing or our other listings located in Los Angeles, please contact:
Brittany Duhs: (949) 573-3105 or Brittany.Duhs@EastWestCommercial.com
Michael Duhs: (949) 939-8352 or Michael.Duhs@EastWestCommercial.com
The information contained herein has been obtained from sources we deem reliable. While we have no reason to doubt its accuracy, we do not guarantee it. Buyer to conduct its own due diligence.
About EAST WEST Commercial Real Estate
EAST WEST Commercial Real Estate is a full service commercial real estate brokerage advisor specializing in investment sales, commercial leasing and finance for retail, office, industrial multifamily, senior housing, self-storage, mixed-use and special purpose properties throughout California and Arizona. The firm is headquartered in Orange County, CA. Brokerage offices include Sacramento, San Francisco, Walnut Creek, San Jose, Oakland, Los Angeles, San Diego, Orange County, Riverside, San Bernardino, Phoenix, Flagstaff, and Reno. Other services include bank REOs, 1031 exchanges, nationwide commercial Business Opinions of Value (BOV’s) and Broker Price Opinions (BPO’s), mortgage brokerage, lender services, and asset management.
Visit Our Websites
http://www.EastWestCommercial.com
http://www.EastWestCaptialAdvisors.com
http://www.CommercialBrokerPriceOpinion.com
SELLER FINANCING AVAILABLE
100% occupied.
3 Units consisting of a 4BD/2BA House in Rear of Property and a Duplex each consisting of 1BD/1BA.
Great investment opportunity. Motivated Seller!
Close proximity to the 5 and 110 Freeways. Property is located just North of Downtown Los Angeles and Dodger’s Stadium.
For more information on this listing or our other listings located in Los Angeles, please contact:
Brittany Duhs: (949) 573-3105 or Brittany.Duhs@EastWestCommercial.com
Michael Duhs: (949) 939-8352 or Michael.Duhs@EastWestCommercial.com
The information contained herein has been obtained from sources we deem reliable. While we have no reason to doubt its accuracy, we do not guarantee it. Buyer to conduct its own due diligence.
About EAST WEST Commercial Real Estate
EAST WEST Commercial Real Estate is a full service commercial real estate brokerage advisor specializing in investment sales, commercial leasing and finance for retail, office, industrial multifamily, senior housing, self-storage, mixed-use and special purpose properties throughout California and Arizona. The firm is headquartered in Orange County, CA. Brokerage offices include Sacramento, San Francisco, Walnut Creek, San Jose, Oakland, Los Angeles, San Diego, Orange County, Riverside, San Bernardino, Phoenix, Flagstaff, and Reno. Other services include bank REOs, 1031 exchanges, nationwide commercial Business Opinions of Value (BOV’s) and Broker Price Opinions (BPO’s), mortgage brokerage, lender services, and asset management.
Visit Our Websites
http://www.EastWestCommercial.com
http://www.EastWestCaptialAdvisors.com
http://www.CommercialBrokerPriceOpinion.com