From the JoeBurnsBlog: September 2008

If you are a college football fan, then you already know that, on Sat. 9/27, the Fresno State Bulldogs beat UCLA, the Georgia Bulldogs lost to Alabama and the Mississippi State Bulldogs lost to LSU.   The REAL BULLDOGS won.

For a long time, when you said 'Bulldogs' people immediately thought of the University of Georgia.  But not anymore; the Fresno State Bulldogs have taken over as the nation's BULLDOG team.  And not because they beat Rutgers, Toledo, UCLA and lost narrowly to Wisconsin. They are the nation's Bulldogs because they actually promote the mascot.  Georgia doesn't have a bulldog on their helmet, their uniforms or even their fifty yard line.  Apparently, they are more impressed with their big G then the pride of being a bulldog.  Same with the Misses (State), no bulldog logo, no mention of bulldog on their unis, just a big M.  How embarrassing.

Now, if you would like to see a real Bulldog, check out the Fresno State logo below.  Fresno State is passionate and proud about their mascot, in fact there is even rumors of some alumni having the logo tattooed on their shoulders.

Fresno State - America's real BULLDOGS.

Great Bones, Oddles of Potential, Strong Current Return, Bargain Pricing... these are the makings of a deal to be made in this market. 

Here is 40 Sunrise Ave in Colfax, CA.  A 7-unit complex with Residential Commercial zoning, easy freeway access, short walk to downtown and long history of 100% Occupancy.  Earn an immediate 6+% CAP.  Well below the price per door average for Placer County.

$595,000.

A wooded and nicely treed lot is challenging for photos.  Note the rock work, outdoor patios,

Here is the hair on the deal - the grounds need some work. This picture below show an old fish pond with rock waterfall. With a little vision and hard work, the landscaping could be restored to the beautiful 40's lodge setting this property once offered.  The building is in great shape, a little cosmetics and the buyer of this wonderful property will reap the rewards.

You surely don't find too many multifamily properties at $595,000 with hardwood floors.

 For other Placer County Commercial Real Estate Opportunities, call me at 530-470-1740 or email at Joe.Burns@svn.com.

Thank You

All of you true college football fans must have cleared your social schedules for this Saturday evening.  On the under card we have Ohio State visiting USC, should be a great game and a warm up for the headline game,    Wisconsin at the Fresno State Bulldogs.

The same non-BCS Bulldogs that stole the 2008 College World Series are playing one of their biggest home games of the school's history.  With already posting a win over Rutgers and still to play UCLA, this could be the year Pat Hill finally gets into a BCS Bowl game and possibly play for a national championship. I know it's early and even if we can beat Wisconsin, we still have UCLA and Boise St on the road, but there is something special about this team. 

Be sure to tune in to ESPN, Sat 9/13, 7:30pm PT, this will be a good game.  If FSU wins, I will have a follow up post on my experience at the game.  If they lose, well... I'll hop onto the USC bandwagon. 

I often receive questions about what type of commercial investment deals around the US. I thought a weekly update on this blog could offer a snap shot of some of the available properties in areas you may not otherwise consider.  These snapshots offer limited information, but they are actual listings and can be found in further detail at www.svn.com  (from 9/8/08)

$1,000,000-  Lamuni, IA.  Retail Bldg, NNN, 7.2% CAP, 18,910sf, $52/sf, 8yrs remain on term.

$1,250,000  - Strasburg, VA -  Industrial Storage area w/ 2bd caretakers home. 3.25ac, $8.83/sf

$1,459,000 -  Phoenix, AZ -  Apartment Building, 32 units, 6.6%CAP, 90%Occ, $46,719/un

$2,250,000 -  Villa Rica, GA -  Convenient Store and Gas, 10.33%proCAP, 7020sf, .91ac.

$2,950,000 -  Central Falls, RI - Industrial Bldg, 105,000sf, 9.84%CAP, 12.85%Cash on Cash, 5yr bumps.

$3,300,000 - Dallas, TX -  Retail Center, 23,000sf, NNN, 7.18%CAP.

$4,150,000 - San Francisco, CA - Mixed Use - Prof over retail, 5.74%CAP, 14,612sf, 100%Occ

$11,500,000 - Palm Springs, FL - Self Storage, 519 units, 6.5% CAP.

There you have it, a snap shot of what is available around the US.  At Sperry Van Ness, we have a Monday morning marketing meeting each week where we present new listings on an Internet teleconference to our over 900 brokers.  I will update this blog each week with a sample of those new listings. 

I often receive questions about what type of commercial investment deals around the US. I thought a weekly update on this blog could offer a snap shot of some of the available properties in areas you may not otherwise consider.  These snapshots offer limited information, but they are actual listings and can be found in further detail at www.svn.com 

$1,760,000  -  Mesa, AZ.  15,000 sf commercial bldg, occupied by pool servicing company, 7.5% CAP, only $117/sf asking price.

$2,525,000  -  Los Angeles, CA  -  Hollywood area 18-unit apartment complex, above average-for-the-area CAP of 7%, 9.46 GRM.  Consistently high occupancy in this area, great price per door of $140.

$3,200,000 -  Colorado Springs, CO  -  Retail building with vacancy.  Currently 6.06% CAP, proforma upon rentup at 10.64% CAP.

$3,200,000 -  Topanga, CA  -  Recovery Center, 4000sf building on 7.8 acres.  Lease includes profit percentage, making the high side potential near 20%CAP.  Incredible deal, won't last.

$3,800,000 -  Norcross, GA  -  Indian Trail Plaza, 32,000 sf retail center, brand new construction.  High traffic - occupancy area, at rent up will produce 15.31% CAP.  Brand new building at $118.75/sf.  That is a deal.

There you have it, a snap shot of what is available around the US.  At Sperry Van Ness, we have a Monday morning marketing meeting each week where we preseent new listings on an internet teleconference to our over 900 brokers.  I will update this blog each week with a sample of those new listings.