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8858 S. Hwy 95 – Mohave Valley Commercial Building FOR SALE

April 13, 2013 By Leave a Comment

Mohave Valley AZ Commercial Real Estate – 8858 S. Hwy 95 – 14,000 SF, $21 PSF!

7 buildings, over 14,000 SF on 1.67 acres for just over 20 dollars PSF?

The former Probuild/Best Buy/Lumberman’s/AZ Building Supply buildings are now available for sale, and this is an amazing piece of Mohave Valley, AZ commercial real estate for the price.

The 1.67 acre corner lot has 287 feet frontage on South Highway 95 in Mohave Valley, about 3 miles north of the Needles Bridge over the beautiful Colorado River between Needles, CA and Mohave Valley, AZ.

The lot has dual zoning: Hard to find CMO (commercial-manufacturing-outside storage) for the side lot down Vista Drive between DeSoto and Highway 95, one of the 3 corners of the lot.

The rest of the property is zoned C2H (highway commercial) per County PZ.

It’s fully fenced with barbed wire across the top for added security.

The largest of the building is a 10,100 (+/-) main building comprised of a huge showroom area with storage, loading, several professional offices and additional open area cubicles. Lots of cabinet and storage spaces remain from the previous occupants–a building supply center.

A gated breezeway makes for easy access to the north side double doors for easy loading and unloading.

There are 6 more covered, partially covered and open, covered storage spaces, and a 2 level outside covered parking for trucks or large vehicles with upstairs storage area. It’s phone and data wired and has phase 3 electric.

This building is being offered at the very, very low price of $300,000.00 with cash and conventional financing the preferred methods of payment.


View 8858 S Hwy 95, Mohave Valley – FOR SALE in a larger map

For more information or a showing appointment, contact us.

Listed and marketed by Next Wave Real Estate Investments per special agreement w/CBRE Bannockburn.

Brokers cooperated with, cheerfully.

What could YOU do with this Mohave Valley commercial building?

Well? What would you LIKE to do?

Filed Under: Around Town, Commercial Real Estate, Featured Listings, For Buyers, For Sellers, General, General Information, Income Producing Properties, Investors, Uncategorized Tagged With: , , , , , , , , , , , , ,

Bullhead City AZ Commercial Real Estate – Representing Yourself In A Commercial Transaction Is GREAT NEWS – for the OTHER PARTY!

October 2, 2012 By Leave a Comment

Bullhead City AZ Commercial Real Estate – Representing Yourself In A Commercial Transaction Is GREAT NEWS – for the OTHER PARTY!

Mike Moloney, president of Phoenix’s Commercial Real Estate Institute shared a great article from www.inc.com with his network of
Certified Commercial Real Estate Specialists:

Why You Need A Commercial REALTOR

In the article, the author Hans Steege tells the story of what he encountered representing his company as leasing agent, as they set out to find new commercial space.

What Hans found out was that without representation, his company was disadvantaged.

They went in supremely prepared, to be sure–with knowledge of their business and its needs. Computer aided design. Armed with information about the market offerings.

Yet, they were not taken seriously by the landlords and their commercial real estate brokers.

As a Bullhead City AZ commercial real estate broker who represents owners of improved and unimproved commercial real estate properties for sale and lease, I have a duty to protect my client and be honest in dealings with customers.

That duty, however, doesn’t extend beyond honesty where unrepresented parties are concerned.

We always set out to create a win-win situation. It’s just common sense.

But we won’t–we CAN’T–let our clients leave money on the table.

I hear so often, especially from investors, that they don’t NEED an agent, they don’t WANT an agent involved, an agent will cost them more money, they don’t want to be tied down because more than one agent is better. So they seek out the listing broker and act as their own representative.

As soon as most consumers start negotiating on their own behalf, the difference between them and a seasoned commercial broker becomes apparent.

Hans’s story ended happily:

“So we bit the bullet and hired a commercial realtor. Thank goodness. We had done a great job of figuring out which space and location would work best for us, but the real value the realtor provided was negotiating the terms of the lease and the build-out provisions.  We didn’t get everything we wanted, but we got a lot more than we would have otherwise. We got a significant rebate to cover build-out costs, reasonable repair terms, and the ability to have dogs in the office. And, of course, the wisdom not to try this on our own next time.”

And their rep even negotiated for them to have their dogs in the office! Good rep!

(My dog Luna has never met an office she didn’t like. That’s my girl!)

We help our clients analyze, buy, sell or lease commercial and investment real estate in Bullhead City, Fort Mohave, Mohave Valley AZ, utilizing the marketing, negotiation and cash flow analysis tools used by the top commercial real estate professionals in the world.

How can we help YOU?

Google Me!

 

Deals That Make Sense.

Bullhead City 86442, Fort Mohave 86426, Mohave Valley 86440

SEARCH FOR ARIZONA REAL ESTATE On The Beautiful Colorado River ~~~

www.RealEstateBHC.com

www.CommercialBHC.com

http://facebook.com/NextWaveREI

866-228-2643

Candice A. Donofrio, Owner/Designated Broker

Certified Commercial Sales Specialist

 

ALL WORDS AND IMAGES ARE INTELLECTUAL PROPERTY OF CANDICE A DONOFRIO AND NEXT WAVE REAL ESTATE INVESTMENTS AND MAY NOT BE USED WITHOUT PERMISSION. C.2010-2011

Don’t even think about it.

 

 

 

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Bullhead City AZ Commercial Real Estate – Easy Zoning Uses Reference

June 18, 2012 By Leave a Comment

Bullhead City AZ Commercial Real Estate – Easy Zoning Uses Reference

“Honey, just tell me what I can put on this land!”

The caller demanded information that I could not really provide–even as a Bullhead City, Arizona Commercial Real Estate Broker.

There are too many answers to this question–often leading to, and requiring more questions and answers.

What Bullhead City will permit and approve depends on so many diverse factors: parking, placement of building, setbacks and of course, appropriate zoning.

However, the City of Bullhead City does have a wonderful informational brochure that gives the appropriate zoning uses for many common types of businesses.

CLICK HERE FOR THE PDF BROCHURE- Commercial and Industrial Uses and Appropriate Zoning

CLICK HERE FOR LINKS TO ALL THE ZONING ORDINANCES AND INFORMATION

Knowing if the property makes sense for your intended use from the start . . .

 . . . makes sense . . .

Honey.

Google Me!

 

Deals That Make Sense.

Bullhead City 86442, Fort Mohave 86426, Mohave Valley 86440

SEARCH FOR ARIZONA REAL ESTATE On The Beautiful Colorado River ~~~

www.RealEstateBHC.com

www.CommercialBHC.com

http://facebook.com/NextWaveREI

866-228-2643

Candice A. Donofrio, Owner/Designated Broker

Certified Commercial Sales Specialist

 

ALL WORDS AND IMAGES ARE INTELLECTUAL PROPERTY OF CANDICE A DONOFRIO AND NEXT WAVE REAL ESTATE INVESTMENTS AND MAY NOT BE USED WITHOUT PERMISSION. C.2010-2011

Don’t even think about it.

 

 

 

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How To Write A Solid Business Plan And Get A Great Deal On Your Bullhead City Commercial Lease

January 28, 2012 By Leave a Comment

Bullhead City AZ Commercial Real Estate – Impress The Landlord With Your Business Plan To Get A GREAT Deal On Your Lease!

In this competitive leasing market, one of the first questions prospective commercial real estate tenants ask is, “Is the landlord in a position to negotiate price and terms?”

Lately, that’s translated into: “How much free rent can I get?”

One of the questions, conversely, that the landlord may wish to ask a startup, new-to-area or unknown (as opposed to a national franchise, or a well-established local business, for example) is

“May we see a copy of your business plan?”

Reaction to this request can range from “What’s a business plan?” to “How is that any of your business?”

Not having a business plan for submission with a letter of interest is a red flag to many landlords and their brokers.

To seasoned landlords, a prospective tenant’s business plan is a key piece of collateral, and can be very instrumental for the business owner to obtain the best possible space for the lowest price, with the maximum landlord cooperation.

To the landlord, their building is THEIR business. It’s their income.

A solid business plan answers the question, “Will your tenancy be positive or negative cash flow?” for a landlord. 

To execute a lease without a clear idea of the business’s plan would be like hiring an employee without a job application or resume–and what bank would loan you money without a loan app?

I often find that resistant prospects simply don’t know how to write a business plan.

For a startup, writing a business plan is vitally important, both to impress the landlord and to keep you on track for success.

To write a business plan that impresses the landlord:

  • Start with your company’s vision or mission statement.

That’s a line or two describing exactly what you want your company to be known for in its industry, and how it plans to do that.

Example: Wonderful Widgets, Inc, the top supplier of widgets to widget users in the Tri-State Area, using a proprietary fabrication process that streamlines production, facilitates the fastest turn times and assures customer satisfaction through superior customer care.

  • Identify your demographic. This will also help the landlord determine if you will be a good fit for the property you’re interested in. He may even have another in mind that would work better, once he knows who your customer base will be.
  • Identify similar businesses in the area you would consider competitors. It’s possible that a tenant already in place may have an exclusivity clause that would preclude tenancy in that center. On the other hand, a symbiotic relationship may be possible.
  • List the working capital you will need, and where you plan to get the money (or verify that you have it).
  • List the type of buildout you will need. A site plan or floorplan would be ideal here. This will help the landlord ‘pencil’ tenant improvements and probably, shorten negotiations.
  • List the staff you will be hiring, when and for what purpose.
  • List the equipment and fixtures you will need for your business, and its costs.
  • List the amount of reserves you will need on hand for anything unforeseen, and the source of those reserves. In my seasonal resort area, this is critical.
  • Determine your estimated costs for the period you will lease the property (5-10 years is a good projection period) including advertising, payroll, utilities, taxes, insurance and tools of your trade, etc.
  • Project your estimated net operating income for the business during each of the years of tenancy.
  • Note plans for expansion and at what point of the plan’s timeline it is anticipated.
  • Include, if you feel it necessary, a confidentiality statement for the landlord and his broker to sign.
  • Finally, make a statement or attach a resume about your personal qualifications that will make the business a success.
  • Include a cover sheet.

Recognize that a business plan is a work in progress. Recently, I had an owner of a startup tell me he had written his business plan over a dozen times in as many years, adapting to changing times and augmenting as new information and data comes in. This is a formula for success.

When you have an organized, clear business plan, you can make the right impression on a landlord. In turn, that landlord will be far more likely to assist you with buildout, incentives and yes . . . perhaps, even that free or reduced effective rent, to get you started comfortably in your new Bullhead City commercial space.

I represent landlords of prime commercial space for lease in Bullhead City, AZ and work with tenants seeking Bullhead City, Fort Mohave and Mohave Valley AZ office, retail, industrial and flex space, to name a few commercial property types.

How can we help you?

 

Google Me!

Deals That Make Sense.

Bullhead City 86442, Fort Mohave 86426, Mohave Valley 86440

SEARCH FOR ARIZONA REAL ESTATE On The Beautiful Colorado River ~~~

www.RealEstateBHC.com

www.CommercialBHC.com

http://facebook.com/NextWaveREI

866-228-2643

Candice A. Donofrio, Owner/Designated Broker

Certified Commercial Sales Specialist

ALL WORDS AND IMAGES ARE INTELLECTUAL PROPERTY OF CANDICE A DONOFRIO AND NEXT WAVE REAL ESTATE INVESTMENTS AND MAY NOT BE USED WITHOUT PERMISSION. C.2010-2011

Don’t even think about it.

 

 

 

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Arizona Commercial Investment Real Estate – How To Find HUD Multifamily Properties For Sale

September 18, 2011 By Leave a Comment

Arizona Commercial And Investment Real Estate – Finding HUD Multifamily Housing

HUD is more than single family homes . . . if it was FHA financed and foreclosed, it will be made available for sale via HUD’s streamlined, automated and information-rich systems.

And that means multifamily housing — even large apartment buildings.

If you visit the HUD website each Wednesday, you’ll be updated with a list of HUD Multifamily properties available for bidding.

Each property has a link to an Info and Bid Kit (Here’s an example of an offering) with property info, instructions and the location of the auction.

Registration with HUD’s Active Partners Performance System is required.

Registration to use HUD’s APPS and Secure Systems is a multi-step process. You will need to follow the Instructions for registering for both “Secure Systems” and APPS on the Active Partners Performance System (APPS) web site in order to login to APPS through Secure Systems.

You can see a list of recent sales here, nationally searchable.

Here are sales in Arizona.

Check out a couple of recent sales in AZ, and the deals these principals got on units:

  • VISTA VIEW APARTMENTS — 75 units
  • 2002 EAST FORT LOWELL RD. , TUCSON, AZ 85719
  • Purchaser: FT. LOWELL VIEW, LLC, 002 N. CAMPBELL AVE, STE. 200
  • Sale Date: 05/02/2011
  • Sale Price $25,000.00
  • CAMPAIGE PLACE — 300 units
  • 209 W. JACKSON, PHOENIX, AZ 85003
  • (purchaser not disclosed)
  • Sale Date: 08/01/2011
  • Sale Price $2,455,000
If you want to be placed on HUD's mailing list for available properties of this kind,
you can sign up here.

GREAT opportunities for those wanting to invest in
Arizona commercial and investment real estate.

MORE GREAT opportunities for those wanting to invest in
Bullhead City, Fort Mohave and Mohave Valley commercial and investment real estate.

Here's what's available . . .
Filed Under: Commercial Real Estate, For Buyers, General, General Information, Income Producing Properties, Investors, Uncategorized Tagged With: , , , , , , , , , , , , , , , , ,

Bullhead City, Fort Mohave, Mohave Valley AZ Commercial Land – Are Commercial Real Estate Investors ‘Diggin’ Land Again?

August 10, 2011 By Leave a Comment

Bullhead City, Fort Mohave, Mohave Valley AZ Commercial Land – Are Commercial Real Estate Investors ‘Diggin’ Land Again?

Marcus and Millichap’s 2011 Executive Summary indicated second-tier recovery in the Phoenix commercial real estate market by year’s end. That’s also good news for commercial real estate in Bullhead City, Fort Mohave and Mohave Valley, as Mohave County has historically trailed the Phoenix market by six months or so.

 

The CCIM Institute’s Commercial Investment Real Estate Magazine’s July/August 2011 edition had a great article about how savvy commercial real estate investors are getting into land purchases now, while prices are at rock-bottom and there are deals to be made.

 

In the article, a chart shows a 3 year negative trend in land purchases 2.5m + is appearing to reverse.

Might we have seen the bottom?

It’s worth perusing for Arizona real estate investors sifting through opportunities.

If you have cash (financing is tough), take a look at our commercial land on the Colorado River.

The prices are amazing . . . and most of our offerings are available with seller terms to further leverage your investment.

Here’s what’s currently available.

 

Give us a shout or drop a line if you’d like more info or assistance.

DISCLAIMER: NWREI and I do not presume to give investment advice, nor make any representations as to the suitability of an investment for your situation. There is always risk.

 

Filed Under: Around Town, Commercial Real Estate, Featured Listings, For Buyers, For Sellers, General, General Information, Investors, Riverfront and Waterfront, Uncategorized Tagged With: , , , , , , , ,

Bullhead City AZ Commercial Real Estate For Sale – Municipal Codes, Anywhere

February 12, 2011 By Leave a Comment

Bullhead City AZ Commercial Real Estate For Sale – Municipal Codes, Anywhere

We are often asked these questions:

  • “What are the building setbacks?”
  • “Are you SURE this is the correct zoning?”
  • “What’s the density?”

Unless you’re into development or commercial real estate (like we are here in Bullhead City, Fort Mohave, Mohave Valley AZ), you probably don’t work with municipal codes and city ordinances much.

After all, once the area is subdivided and planned, it’s a ‘known quantity’ with fairly static characteristics. Right?

WRONG. We don’t want to ever make representations we can’t back up with statute.

Real estate is unique; every parcel is different from the rest in some way, even the tiniest bit. So you will NOT want to rely on what you know when tens of thousands, hundreds of thousands, millions or more are on the line.

Municipalities have their sets of ‘tribal customs’ – city ordinances and municipal codes – that determine what you can build, what kind of business you can open or relocate, what is required to do so and where. These ordinances are always changing and new ones being adopted. It’s challenging to stay current..

It’s called Municode.com and it is a real time saver!

You can search for city ordinances and municipal codes anywhere in the USA by state and city.

Even my little town of Bullhead City, Arizona has all the ordinances laid out by title–as if you were sitting in the Planner’s office with the ‘big book’ in front of you.

You can also see recently adopted changes and when they took effect.

You can view online for free, or order up hard copies.

So bookmark this puppy. You will never know when you’ll have the chance to help a client and save a bunch of time!

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Buying A HUD Home In Mohave County In 3 Parts ~ Bidding, Contract, Escrow

January 4, 2010 By

Buying a HUD Home In Mohave County AZ, Bullhead City, Fort Mohave, Mohave Valley

I have scoured for a layperson’s informational process for those interested in bidding, purchasing and enjoying a HUD home, and have found the resources lacking.

What I usually do as an Arizona Certified HUD Broker is provide my buyer client with a copy of the Broker Handbook, but for most of them it is TMI.

So hopefully, this will demystify and clarify the HUD homebuying process.

Pre-Bidding Phase:

  • First step: view the property listing online at www.HUDHomestore.com which will include a Property Condition Report. You will get an inspection period opportunity but being prepared is best. HUD has had the property appraised and inspected, and it is priced according to professional assessment of the property. Still, get and look over area comps.
  • Physically view the property. If you’re not a contractor, rehabber or investor with contractor resources, do NOT bid on a HUD home you have not seen. Even then, it’s best to walk the property!
  • Look into due diligence items such as flood plain determination, unpaid assessments or easements, insurability etc. HUD will clear up unpaid assessments, but there is often a delay involved. It’s best to have the paperwork ready for them when escrow is opened.
  • If you are getting financing, you will need to talk to your lender about whether the house can be financed in its present condition–you cannot do repairs in escrow, even if lender requires them. There are certain types of loans that wiill provide for repairs to a HUD home:
      1. FHA 203b Repair Escrow -“IE” When a property has less than $5000 in repairs to bring it up to Minimum Property Standards, FHA will insure the loan provided the repairs are completed by the Buyer or the Buyer’s agent within 90 days from the date of Closing. Buyer can finance and add the amount to the mortgage. The Lender monitors and keeps the funds in an escrow account for disbursement on completion of repairs to the Lender’s satisfaction.
      1. FHA 203K Rehab Loan – “IK” When the property has more than $5000 in Minimum Property Standards repairs to be done. The Lender must obtain an Inspection report from an approved 203(k) consultant and a new appraisal.
        • Review the Bid Statistics. Get an idea of the list to sale price ratios. HUD homes are already priced to move, and your bid will not be countered if it is too low. You can make another bid, unless someone else outbids you during that round. It’s best to make a realistic bid. This is not an emotional seller. This is Bureaucracy and its responses are quite arbitrary–both a minus AND a plus.

          Bidding Phase:

          Only a HUD Broker can place a bid for you. The online bidding process is short and fast.

        Once you have decided to bid on a HUD home, you will need your

        • Social Security number
        • If purchasing in a company name, the Articles Of Incorporation showing you as an authorized signer and TIN number.
          You will need to give your HUD Broker the
        • Names of all buyers
        • Manner of taking title (consult with your attorney, CPA or estate planner for the appropriate manner of holding title prior to bid),
        • Mailing address
        • Phone number
        • Amount of bid
        • Closing costs
        • Copy of your loan approval letter.
        • Investor or Owner Occupant? IF YOU ARE NOT OCCUPYING THE HOME AS YOUR PRIMARY RESIDENCE, YOU ARE NOT AN OWNER OCCUPANT. Second homes are not an exception.

        You will also fill out the HUD Contract, though that will not be submitted until after the bid is accepted. It must be filled out in BLUE ink and live signatures only are accepted. There is a movement to get HUD to accept e-signatures, but that hasn’t happened as of this writing.

          Once the bid is submitted electronically, it will take about 24 hours for the bid to be either accepted or not. If it is not accepted, the property will remain on market.

          If the bid is accepted, you will be notified via your broker, who will receive notification via e-mail from HUD. The property listing will also say “Offer Accepted.”.

          At that time, you will need to get a Cashier’s Check for the earnest money, made payable to yourself OR to HUD.

          If your purchase is less than 50,000, the earnest money amount is $500; otherwise, it is $1000.

          Make a copy of the check and give that to your Broker. Hold on to the check until you are instructed where to mail it. Your bid has been accepted, but the Contract not yet signed. So it is still not yet a deal.

          In Buying A HUD Home In Arizona Part 2 of 3, I’ll walk you through the HUD Contract and Escrow Process.

          In Buying A HUD Home In Arizona Part 3 of 3, the Escrow, Inspections, Funding and Closing Process will be reviewed.

        DISCLAIMER: HUD is the final authority on procedure. Check with them before submitting any documentation.

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