| Tot Bldg Sqft: | 1825 | |
| List/Serv Type: | EA / FS |
| Features: | Automotive/Service Stations |
| Description: | Real Estate With Automotive Building Plus Adjoining Vacant Lot Provides Room For Additional Parking Or Room To Build Another Commercial Building. Business Opportunity Can Be Purchased Also. |
| Total Bldg Sqft: | 11,400 |
| Leasable Sqft: | 4,207 |
| Year Built: | 2005 |
| Description: | Puente Hills Bsiness Center-High Image Office Building With Proffessionally Managed. Great Location. Direct Access To 60 & 57 & 605 Freeways. The Tenant Expand Their Business & Move To A Bigger Building Plus Warehouse. |
| rice/Sqft: | $.69 |
| Total Bldg Sqft: | 8,161 |
| Leasable Sqft: | 8,161 |
| Year Built: | 2005 |
| Features: | 24 Hour Access,Air Conditioned,Fenced Yard,Fire Sprinkler System,Freeway Visiblity,Ground Level Door,Manufacturing,Part Of A Larger Building,Retail,Skylights,Sprinklers/Landscape,Street Frontage,Submit Desired Terms |
| Description: | Freeway Frontage Off The I-15 - Office Warehouse Showroom -- In Business Park. 5917 Sq.Ft. With 2 Offices, Kitchenette, 2 Restrooms And Warehouse. Perfect For Your Business. Granite And Flooring Okay. Many, Many Uses Okay By Zoning. Signage Visible. |
| Acres: | 2.92 |
| Features: | VI,LZ |
| City Lights View, Lot Over 40000 Sqft |
| Description: | City Lights View. Check With City For Zoing And Subdivision. Seller To Remain In Single Family Home At The End Of The Road. Sale To Include Apn 8684-020-021; 13,000 Sqft. 2 Large Dogs On Property. |
Last month, Archstone-Smith Trust postponed until October its $US13.5 billion ($16.3 billion) sale to a group led by Tishman Speyer Properties. Mission West Properties, the owner of commercial buildings in Silicon Valley, said on August 13 that the company's $US1.8 billion sale might fail after a bank withdrew funding.
In recent years Southern California has emerged as one of America's top markets for real estate investment, with institutional and individual investors betting that its economic growth will continue to support property appreciation.
A Houston real estate investment trust paid $US287 million last month for the One Wilshire office building in Los Angeles and a local investor spent $US200 million to acquire Sunset-Gower Studios in Hollywood.
But the area is now feeling the same angst affecting the rest of the country.
Keeping the market alive were deep-pocket investors such as pension funds and insurance companies that could still obtain loans to buy expensive real estate, said Robert White, the president of Real Capital Analytics, which provides real estate data.
Nevertheless, the recent increases in the cost of borrowing money could make pending real estate purchases less profitable in the long term, prompting some buyers to walk away or to try to negotiate a lower price, he said.
"There has been a spike in the last 30 days of deals falling out of contract," Mr White said. "People planning to close deals last month got hesitant."
Many buyers were waiting, he said. If the market calmed in coming weeks and borrowing became easier, they would proceed with their purchases. If lenders were still wary of funding real estate deals, most buyers would have to decide whether to bale out or proceed and take a loss.
"There aren't a lot of pressured sellers out there. It's not like the residential market," Mr White said. "If they can't get their prices now, they can afford to wait. Probably a lot of assets just won't trade."
THE global credit crunch that has rattled financial markets over the past few weeks is finally reaching the vast commercial real estate investment and development industry in the United States.
Predictions by some analysts that prices for office buildings and other commercial properties are poised to drop are sending shivers through the business, driving down real estate company share prices and delaying some deals.
"We are seeing fewer people at the table, but when it comes to the best buildings there are still plenty of people who want to buy them," John Cushman, the chairman of the real estate brokerage Cushman & Wakefield, said.
But bidders that had been borrowing heavily to leverage property acquisitions were falling away as lenders shut out marginal players, Mr Cushman said. However, so far the long-robust market had cooled but not collapsed.
Instead, doubt reigned as many buyers and sellers waited to see what happened to the US economy and whether it became even more difficult and expensive to borrow money, Mr Cushman said. "There is just a lot of uncertainly and volatility in the market. The dust hasn't settled yet."
Please stay tuned for more information, thank you!
| Tot Bldg Sqft: | 3,000.00 | |
| Total Bldg Sqft: | 5,760 |
| Leasable Sqft: | 5,760 |
| Year Built: | 2006 |
| Property Description: |
| Fairfield Ranch Business Park Condo G. Easy Access To 71/91/60. Approx. 1000 Sq Ft Office Space. Master Planned Business Park. Retail, Restaurant & Banking Amenities In Close Proximity. |
Features |
| 24 Hour Access,Air Conditioned,Fire Sprinkler System,Freeway Visiblity,General Office,Skylights |
