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bay area: are you looking for distressed properties? - 08/14/09 12:00 PM
Mark Cooper and his team at kw commercial handles Commercial Sales, Leasing, and Real Estate Investments in the San Francisco Bay area.

A recent client requested "distressed" NNN investments, fully leased, with actual 7+ caps, in the 1m price range, in a good locations. Here lies the problem, "Distressed" implies a high vacancy rate, a loan maturing with little or no equity, or deferred maintenance requiring capital improvements.
In this case I would swap the word "distressed" for "home run deal".
We see gas stations all the time for sale cheap, claiming to be 12+ caps. Yes, the rent is high, but the cost of required … (0 comments)

 
Markcooperhl

mark cooper (marin commercial leasing agent)

San Rafael, CA

More about me…

HL Commercial- Marin County, CA

Address: 4304 Redwood Highway, #200, San Rafael, CA, 94903

Cell Phone: (415) 608-1036

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