 Quality Investment Belvidere - Price just reduced on this 12,000 SF 11-unit strip center, fully leased. 15.6% cash on cash return. $699,000.
Click photo for specs |
 Can't Beat This Price!Huntley - 30,000 SF pre-engineered steel building near I-90. 1,200 amps, 15 1/2 - 16' ceilings, 875 SF office w/mezzanine, 2 docks. 5 DID's. Only $998,500 ($33.28 psf!).
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 Pizza Joint
McHenry County - Fully equipt & operating 10 year old carry-out business. Price recently reduced to $55,000.
Click photo for specs |
 Industrial with Heavy Office
Cary - 12,000 SF industrial space to lease with 3,000 SF office. 16-18' ceilings, interior dock, 2 DID's. $5.95 psf gross.
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 Transaction of The Month
Vacant Land
Lake in the Hills- 5.78 acres on Harvest Gate Road sold for senior housing project. $1,900,000. |
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WILL CAP RATES RISE OR FALL IN 2011 AND 2012?
THE ANSWER MAY SURPRISE YOU
Jun 14, 2011 1:23 AM
By Victor Calanog, NREI Contributing Columnist
After rising 300 to 500 basis points in 2009, average transaction-based cap rates fell in 2010 through early 2011. Why have cap rates fallen so quickly when fundamentals have yet to show meaningful gains? Won't cap rates increase if inflation and interest rates begin to rise?
Cap rates represent the initial return to the investor based on the purchase price and the annual net operating income the property generates. This definition often leads to confusion. Consider this seemingly straightforward statement: "A rise in cap rates implies a decline in property value." This is not necessarily true.
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THE SUMMER FORECAST FOR COMMERCIAL REAL ESTATE
*reprinted from The Oakstone/LAX Morning Minute June 2, 2011
Commercial real estate markets, like the broader economy, are approaching midyear on their firmest footing since before the onset of the recession, with property fundamentals improving across an increasing range of markets and property types. Similarly, the rebound in investment activity and credit availability that has been largely isolated to major markets is showing indications of spillover across a national geography of well-positioned, performing assets.
Barring any serious shocks to the economy, improving fundamentals, investment and credit will propel commercial real estate through the rest of the year. Yet, despite the generally positive trends that now characterize the recovery in property markets, the near-term outlook is still clouded by an unusual degree of uncertainty.
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SERIOUSLY...FORGET THE STOCK MARKET...REAL ESTATE IS ON SALE
*reprinted from the The Oakstone/LAX Morning Minute - June 16 2011
There's an old saying in real estate: "You make money when you buy, not when you sell." Well, if that's true, one can make more than a couple of strong arguments to buy real estate-now. Here are a four of my favorites:
1. The exotic gains made in commercial real estate from, say, 2000-2007 have now all but been wiped out-except for maybe the best of the best assets. Many studies show price reductions of 20-40 percent across the board for commercial real estate. And, in some markets those reductions could easily be greater. Real estate is on sale-relatively speaking
2. The threat of inflation is the elephant in the room. Historically, real estate performs well in a high inflationary environment. As long as supply equals demand, real estate should be an excellent hedge against the potential tsunami of high inflation that seems to be headed our way.
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CONFIDENCE BLOOMS IN U.S. INDUSTRIAL PROPERTY SECTOR
*Started by Erik Van Wunnik, Editor-in-Chief at LogiReal.com Tuesday, 21 June 2011 09:22
Jones Lang LaSalle's Spring Industrial Outlook delivers positive news
The industrial property sector is being propped up by demand for big box distribution centers in major U.S. markets, but activity is slowly filtering to the second tier markets, says Jones Lang LaSalle's Spring Industrial Outlook. Overall vacancy rates have now dipped to ten percent across the nation. Locations such as California's Inland Empire and the Philadelphia/Harrisburg metro market are still leading the charge with vacancy rates falling by 80 and 40 basis points respectively.
"It's not just the Inland Empire and Central Pennsylvania showing a decline in vacancy rates, we are seeing further evidence of leasing activity in cities such as Atlanta and Dallas and other logistics hubs like Miami, Phoenix, Seattle and Denver," said Jones Lang LaSalle International Director, Craig Meyer. "Demand for space has been driven by retail, consumer goods, food and beverage firms and the third party logistics (3PL) companies that support them."
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WORLD HEALTH ORGANIZATION PANEL WARNS THAT CELL PHONE USE MAY CAUSE CANCER
by Jonathan Benson, staff writer
(NaturalNews) Scientists from the International Agency for Research on Cancer (IARC), a group affiliated with the World Health Organization (WHO), say that mobile phones are a "possible" carcinogen that may be a cause of cancer. The findings, which support previous research on the subject, add to the growing body of evidence which suggests that the electromagnetic radiation emitted from mobile phones causes serious health problems.
"A positive association has been observed between exposure to the agent and cancer for which a causal interpretation is considered ... to be credible," states the IARC. However, in the same train of thought, the agency claims that evidence is "limited" to suggest that mobile phone usage is linked to glioma or acoustic neuroma, two types of brain cancer.
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COMMERCIAL BROKERS GIVE BACK-YOU CAN TOO!
By Bruce Kaplan
Local food pantries continue to need benefactors to help keep the shelves stocked as demand soars for hungry families. Four years ago, my partner, Joe Billitteri, and I developed a simple plan to raise money for food pantries in our home towns. We asked businesses that provided services related to our commercial real estate business to donate $200 per year to those food pantries. In return we listed them on our website as a "Select Vendor". This simple idea has generated $14,600 for two food pantries in the last 4 years.
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Premier Power Team
9225 S. IL Route 31
Lake in the Hills, IL 60156
847-854-2300 |
Seems like a lot of activity out there that wasn't there a year or two ago. Tyvek Towers in Algonquin is being renovated as we speak after sitting hauntingly vacant for two years. Prices are still adjusting downward in search of the market and some of them are getting "hits." Some buyers and tenants are emerging out of hibernation and making legitimate offers on properties. We sold an office condo in Crystal Lake in a development where nothing had occurred for two years! Lenders are starting to solicit us for business. One client raised his price as his vacancy rate dropped to a point where a price increase was justified. We haven't seen price increases for a long time. We have reason to be optimistic.
Enjoy the articles we have assembled for you! If you haven't had the chance to check out our new Power Team website, please log onto www.profit-success.net to check it out. |
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