• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Market
  • Leasing
  • Education
  • Video
  • Tenants
  • Retail
  • Trends
  • Investment

CommercialWebPage

Commercial Real Estate Prescott Arizona

  • About
  • Featured
  • Management
  • Tenants
  • Documents
  • Videos
  • Contact

Investment

25,000 sf Retail Investment in Prescott, Arizona

May 7, 2009 By Mary Jo Kirk Leave a Comment

25,000 SF Retail - Prescott, Arizona
25,000 SF Retail - Prescott, Arizona
Goodwill of Central Arizona has just signed a new 10 year lease offering an 8% Cash on Cash return.

This is an excellent opportunity for an investor to acquire a value added, well located commercial investment property in Prescott, Arizona.

The existing lease is a new 10-year absolute NNN lease with increases and percentage rent and two five-year options to renew.

In addition, the property includes a 4,500 sf pad for retail expansion.

Property Description:
ASSUMABLE FINANCING. 5.75%, 27 year note, 15 years with option to renew at market rates. 8% CASH ON CASH. Single Tenant new 10-year Absolute NNN Lease with Escalations and Percentage Rents. 25,000 sf. Investor opportunity to acquire a well located, value-added asset with no landlord responsibilities. Includes a 4,500 sf Pad for additional expansion. Goodwill of Central Arizona is one of the largest and oldest nonprofits operating in the state of Arizona for more than 60 years.

Location Description:
Located within the Prescott Towne Center, a 53,000 sf retail center comprised of 3 buildings directly across from Village at the Boulders with Super Wal-Mart, Big Lots, Tuesday Morning, JoAnn’ s and Dollar Tree.
[Read more…] about 25,000 sf Retail Investment in Prescott, Arizona

Filed Under: Investment, Prescott, Retail Tagged With: Add new tag, arizona, assumable, commercial real, goodwill, Investment, prescott, Retail

Facing a New Commercial Reality

May 1, 2009 By Donald Teel Leave a Comment

slice-leftWhen I am asked, “What do you think my commercial property is worth?” I cringe and feel less than completely at ease with the answers I know honesty demands.

It is not that I am reluctant to be completely transparent with a client. That is the easy part. The difficulty lies in communicating to commercial property investors that they may be facing a new commercial reality.

Our new commercial reality contains several characteristics that make buying and selling, leasing and landlording and other forms of investment more precarious than perhaps in times past.

Heads I Win Tails You Lose

Commercial real estate values are tipping and for some investors it doesn’t matter what side of the coin comes up.

In a majority of major commercial markets commercial property is softening and for those who purchased in 2005-2007, things may be less than stellar. This is also true of commercial real estate markets like Prescott, Arizona.

Owners who purchased in the 2005-07 framework invested at the top of the market…they bought high.
[Read more…] about Facing a New Commercial Reality

Filed Under: Leasing, Market, Selling CRE Tagged With: arizona, commercial property, Investment, lease, prescott, sale, values

Real Estate Owned Services

April 29, 2009 By Donald Teel Leave a Comment

reos1Arizona 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.

Filed Under: Investment, REOS Tagged With: bank owned, Investment, Market, reo, REOS

Market Aloft: The Birdseye Approach

April 10, 2009 By Donald Teel Leave a Comment

prescott-center-map-250Sound 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.
[Read more…] about Market Aloft: The Birdseye Approach

Filed Under: Investment, Market Tagged With: Investment, market, noi, roi

Primary Sidebar

Search the Blog

Subscribe to CommercialWebPage

Receive CRE News to Your Inbox

The Premiere AZ CRE Blog


Welcome to CommercialWebPage.com, Arizona's premiere commercial real estate investment and property management blog. We are now in our second generation with more commentary, tips, tools and other features designed for investors, CRE brokers and property managers.
wni-skyscrapper

commercial properties northern arizona

Willow Creek Village Prescott AZ
Prescott Retail Website Prescott AZ

Featured Posts

  • Leasing
  • Investment
  • Taxes

Lease Opportunity – Historic Prescott

Drive through restaurants are in demand. Downtown drive through restaurants are in greater demand. Now, add to this fact that we have a former Jack in the Box drive through restaurant now available for lease and it’s located just three blocks from Prescott, Arizona’s historic downtown square and Whiskey Row. Everyone in Prescott, and most […]

Leupp: REITs Signal Beginning of 3-5 Year Recovery in Commercial Property

Jay Paul Leupp, founder of Grubb & Ellis, talks with Bloomberg’s Julie Hyman and Mark Crumpton about the outlook for the U.S. commercial real estate market. Leupp also discusses his investment strategy and prospects for Associated Estates Realty Corp. and Sun Communities Inc. (Source: Bloomberg) Donald Teel is a Senior Associate and Principal with Arizona […]

Cost Segregation Studies

Syndicated from John Deirmenjian, CPA. Cost Segregation Studies can provide a range of significant benefits to businesses. These studies can be applied to buildings that have been purchased, constructed, expanded or remodeled since 1987. In order to realize the maximum available benefits under current tax law, the IRS requires Engineers, CPAs, and possibly other professionals, […]

CRE Topic Cloud

arizona arizona commercial bank owned barack obama buyer's market cap rate cnbc commercial commercial property commercial real estate document donald teel economy flagstaff foreclosure Grubb & Ellis Industrial investing Investment investor investors lease leases Leasing market Medical mortgage northern arizona Office owners ppa prescott prescott arizona prescott commercial property prescott commercial real estate prescott valley Prop. Mgmt. real estate recovery reo Retail sedona Tenant Tenants Video

Website by e-PartnerĀ® Development · Copyright © 2021 · Donald Teel - Commercial Real Estate Brokerage & Property Management Services· Email· Terms · Login