As the commercial market changes, Arizona Commercial and its entire team of professionals remains consistently dedicated to delivering the best commercial real estate services to our clients.
Although commercial investment strategies must and do focus on the financial aspects of a transaction, Arizona Commercial places an additional premium on the qualify of our relationships with each client.
Things like transparency, integrity and trustworthiness are not old fashioned virtues at Arizona Commercial, they are current realities and they are something we believe investors want and look for in a commercial brokerage. Continue reading “The Services of Arizona Commercial”
This industrial property was built in 2007 in the newest industrial park in the Prescott, Arizona real estate market. Watch this video. Interested parties may contact Donald Teel by email or by toll free call to 877-777-9100.
Arizona Commercial has launched a comprehensive real estate owned services (REOS) division as an investment channel for commercial investors.
Commercial capital and financial experts are predicting that the commercial market will begin to experience an accelleration of “Bank Owned” (REO) properties as more and more owners experience downturns in tenant performance and the inability to service existing mortgage debt, note calls and stringent refinance requirements.
It’s About the Money. Throughout 2009 and well into 2010, commercial owners are going to come under some pressure with respect to turning properties and even exchanging out due to the financial markets.
Sellers are already having problems finding buyers for conventional property investments. Why? It’s about the money AND it’s about the decline in values that buyers don’t want to face after they purchase.
New Market Realities. Savvy investors are thinking about the new market realities and where they need to park their money for the next 24-48 months. The key is minimizing risk.
This investment reluctance is leading investors to pursue real estate owned property (REOs) and that is why Arizona Commercial, my company, has established “REOS” or, Real Estate Owned Services” as am owner consulting and investment service.
REOS involves consulting services for existing owners, bank asset managers and of course, investors who are resisting declining property values found in traditional investments.
Want to know more about REOS? Register with us for confidential inclusion in REOS. Or, if you prefer, email me or, better yet, call me, toll free at 1-877-777-9100.
We cannot ignore the serious potential for commercial foreclosures inherent in the financial market today. To do so would be disingenuous and a violation of ethical standards related to client fiduciary.
What is the state of the commercial foreclosure market?
Will we see mortgage defaults in the commercial sector? Will the degree of defaults parallel the residential market collapse.
Sand State Foreclosures. Nevada, Arizona, California and Florida, the so-called “sand states” are experiencing the beginning of what can only be described as a plummet (my word).
According to the Las Vegas Sun, April 2, 2009, 25% of Las Vegas commercial real estate is troubled and Commercial properties valued at a whopping $7.885 billion are in trouble in Las Vegas as casinos struggle under the weight of the recession and office buildings and shopping malls lose or are unable to find tenants.
This phenomenon is being replicated in each of the “Sand States” as the federal government’s promised mortgage financing relief continues to be illusive to commercial investors. Continue reading “Commercial Foreclosure – Next Exit”
This is but one example of the tenant-investor opportunities available in the central and northern Arizona market areas.
Centepointe East features the newest industrial property opportunities in the market and this piece is the most affordable of them all.
Property Description:
New free standing industrial building with 3 overhead doors, good parking, in new business park. Ask about Owner terms for potential purchase.
Location Description:
Located off Highway 89A between the communities of Prescott, Prescott Valley and Chino Valley, easy access to 1-40, and 1-17
Lease and Purchase Information:
There are three suites available within this building; Two 1,500 s.f. and one 2,000 s.f. Best of all they are priced at an amazing $0.25 per s.f. per month, plus NNN. In addition, this property can be purchased with a potential seller financing.
Contact me about this property or email me. If you prefer, you may call me toll free at 1-877-380-1000.
Sound commercial investment is always based upon a perspective from aloft.
This aerial image of Prescott, Arizona’s downtown commercial area does not tell us much. It simply makes me wonder what is happening north, south east and west of the core area. There is a need to pan.
Market perspective plays a huge role in the analysis and decision making behind NOI, ROI and long term wealth accumulation for an investor. Putting distance between oneself and the market creates a better view.
Today, perhaps more than at any time in the last decade, market perspective counts and can easily impact a commercial transaction’s ability to perform and deliver the desired financial objective.
Lenders are looking at transactions with an eye toward long term performance based upon what I might call property actuaries. If a property segment (type) such as retail, medical, industrial, multi-family is on life support, the lenders are going to factor that illness into the capital risk formula. Continue reading “Market Aloft: The Birdseye Approach”
Listen to this analysis and discussion about Commercial Real Estate with Prof. David Geltner of MIT Center for Real Estate. He tells us more on the mortgage deliquencies. (from Morning Call)
Okay, now what about Prescott, Arizona’s commerical market on a per square foot basis? What does it mean to owners and buyers. Is it time to buy? Is it time to sell? If so, how?
My recent suggestion to my Broker didn’t go over too well. “What we should be doing is pricing property for sellers on a ‘per square yard’ basis and for buyers on a ‘per square foot’ basis,” I said. He grimaced…I walked away.
High Value Market
We are a high value marketplace. Commericial real estate values in Central and Northern Arizona generally and in Prescott, Arizona in particular are declining creating an interesting investor market. Indeed, we appear to be nearing the bottom of the trough and it is and has been for some time…a buyer’s market.
We won’t be changing the marketing analysis to a per square yard formula but the principle behind the notion spells out the reality.
Resisting the Market Realties
Some owner’s are resisting the truth inherent in the current makret realities and in so doing they are actually capitalizing the reduction of their property value. Continue reading “Prescott, Arizona…Per Square Foot”
Donald Teel is a Senior Associate and Principal Partner with Arizona Commercial, a commercial real estate Brokerage and Property Management Company that services the entire state of Arizona. Read more...
Arizona Commercial subscribes to all Federal laws related to Equal Housing and Equal Opportunity under the law. If you have questions, please visit HUD.
One square foot = 0.09290304 m2.
