Off Market Properties in CA - Multi-Family Props in NC, SC, GA, CO, Fl & TX - South Beach Hotel/Nightclub

[Patrick Simmons]

Off Market Properties in CA - Hotels, Multi Family and SFR's!!!

 

Below are the notes and hard assets for these unique properties located in California.

 

HOTELS

 

Costa Mesa California-  125 Room Hotel 44,000 SF on 2.5 Acres

Servicing OC Beaches and John Wayne Airport

Appraised Value $7.35 MM Asking Price $4.4 MM

:::

Berkeley California- 143 Room Boutique Hotel 57,000 SF on .5 Acres

Multi Million Dollar Renovation in 2008

Located 1 Block form UC Berkeley in Historical District

Unpaid Loan Balance $31 MM Asking Price $24 MM

:::

San Francisco California-  218 Room Full Service Boutique Hotel 220,000 SF on 1.7 Acres

$9 Million Dollar Renovation done in 2006 with 13,000 SF of Meeting Space

Located in the heart of Japantown

Also 2 Smaller Hotels available in nearby Union Square totaling 52 Rooms

(No Price Determined on 2 Smaller Hotels yet)

Appraised at over $39 MM Asking Price $25 MM

****************************************************************************************

 

RESIDENTIAL SINGLE AND MULTI FAMILY

 

Orange Hills California - Contemporary 4BD/3BA bath home with great curb appeal and circular driveway located in an affluent equestrian area of Orange County.

Subject was built in 1978 and features pool, spa, custom landscaping in front

and backyard and has 3774 SF of living space on a 1 ACRE lot with great views.

BPO Early 2010 $1.6M Asking Price $1,150,000.00

:::

Murrieta California- 4 Luxury homes each on 5 Acre Lots (REO)

Each home averages 4800 SF and all located on the same street with only

one 100% completed and remaining 3 homes need $80 K each to complete.  

Asking Price $2.2 M

:::

Los Angeles California- Mixed Use 12 Unit Apartment Building on

Wilshire Blvd & Union Street with 2 Retail Spaces on ground level

Built in 2009 and located next to Downtown LA, it is directly Across from a Major

Tenant Shopping Center and walking distance to Good Samaritan

Hospital and California Tech College.

Unpaid Loan Balance $2.7 M Asking Price $2.4 M 

:::

Pasadena California- 30 Unit Apartment Style Condos with 27 Units For Sale (3 Sold)

 The bank foreclosed 27 units. Property was built in 1987, and recently remodeled.

Currently the majority of the units are being rented but all have separate APN's for future sales.  

Was in Escrow for $8 M and New Asking Price $7 M

:::

National City California-  61 Unit Brand New Condos

Loan matured on 1/2010 with a balance of $20.3 ($149 K Per Unit)

Appraised at $14 M Asking Price $9.1 M

 

For quickest response, please contact [e-mail] with the properties you are interested in.

------------------------------------------------------------------------------------------------------------------------------------------------

8 Multi-Family Props - NC, SC, GA, and CO!!! Need Direct Buyers!!!

 

1.  Fox Hollow Apartments  - CASH Offers Due ~ October 5, 2010 on Fox Hollow Apartments

177 West Hartley Drive
High Point, NC 27265
Price
$7,500,000
YOC
1986
Total Units
184
Total SF
161,384
Average Unit Size
877 SF

INSTITUTIONALLY OWNED ASSET

 

2.  1,112-unit multi-family portfolio in metro Denver, Colorado. - $66,138,000

Potential buyers will have the opportunity to bid on the portfolio in its entirety or properties with the exception of Arvada Green and Arvada Village which are being offered together.
The sale is subject to the assumption of the existing debt on each
property.

 

ARVADA VILLAGE, a 264-unit apartment community built in 1975, is located in Arvada, Colorado, a first-ring suburb of Denver, the Mile High City. Located just off Wadsworth Boulevard and West 58th Avenue, the
property enjoys immediate access to Creekside Park and Ralston Creek Trail to
the north. Arvada Village is also located within walking distance to Olde Town
Arvada, a future Transit Oriented Development (TOD) and “heart” of the Gold Line
Light Rail.

 

ARVADA GREEN, a 108-unit apartment community built in 1971, is also located in Arvada, Colorado, less than 2 miles from Arvada

Village. Located just off Wadsworth Boulevard on West 72nd Avenue, the property is located just blocks from the Arvada Center for the Arts and Humanities, the largest multi-disciplinary art
and cultural center in the country. This property maintains its small-town feel
while providing residents with easy access to the larger metropolitan region,
numerous shopping and business centers as well as Denver International
Airport.

 

BRIARWOOD NORTH, a 322-unit apartment community built in 1970, is located in Unincorporated Adams County, Colorado. Situated within the Highway 36 corridor known for its high-tech job base, the property sits
roughly equidistant between Downtown Denver and Boulder providing easy access to
several large employment centers. Briarwood North is also located in close
proximity to the future Church Ranch Blvd. light rail stop on the Gold
Line.

 

ONE DARTMOUTH PLACE, a 418-unit apartment community built in 1977, is located in Denver, Colorado. Residents enjoy a variety of community amenities including two heated swimming pools, business and fitness center as
well as a volleyball and basketball court. The property also has direct access
to John F. Kennedy Park and Golf Course, Piney Creek bike trail and numerous
other parks, trails and open spaces.

 

PRICING                                               per/foot                 Price/unit              Pro/forma - 5 years IRRProperty Price Price Per Foot Price Per
Unit ProForma 5-Year IRR

Arvada Village     $20,192,000         $92                         $76,500                                 20.93%

Arvada Green       $7,800,000           $90                         $72,200                                 20.28%

Briarwood North $18,829,000         $69                         $58,500                                 23.40%

One Dartmouth    $19,318,000         $55                         $46,200                                 18.57%

Total/AVG             $66,138,000         $71                         $59,477                                
20.79%

 

3.  York Ridge

– Charlotte
13001 York Ridge Drive
Charlotte, NC
Price $11.58MM (est value $15.5MM)
240 Units - average unit $63K
YOC 1990 / 1995
916 NSF Avg Unit Size
219,792 Total NSF

Cap rate – 9%
INSTITUTIONALLY OWNED ASSET

 

4.  Plantation Oaks – Charleston
2225 Ashley River Road
Charleston, SC 29414
Price $14.1MM (est value - $15MM)
264 Units – average per unit $57K
YOC 1985
856 NSF Avg Unit Size
225,984 Total NSF
Cap rate – 7%

INSTITUTIONALLY OWNED ASSET

 

5.  Georgetown Crossing – Savannah
1015-A King George Blvd
Savannah GA, 31419
Price $9.52MM
168 Units
YOC 1994
1,007 NSF Avg Unit Size
169,176 Total NSF

Cap rate – 8%

INSTITUTIONALLY OWNED ASSET

These (Elizabeth Square, Woodfield Glen, Woodfield James) properties can be purchased individually, or as a package, or in any combination.

6.  Elizabeth Square
730 Hawthorne Lane
Charlotte, NC 28204

Price TBD (est. value $42MM)
267 Units, average per unit $155K
YOC 2009
896 NSF Avg Unit Size
239,183 Total NSF

Private Owners – Partnership splitting

7.  Woodfield Glen
3801 Glen Verde Trail
Raleigh, NC 27613

Price TBD (est. value $29-30MM)
233 Units, average unit mid $120s
YOC 2008
990 NSF Avg Unit Size
230,786 Total NSF

Private Owners – Partnership splitting

8.  Woodfield St. James
900 Channing Way
Goose Creek, SC 29445

Price TBD (est. value $29-30MM)
244 Units, average price per unit $122K
YOC 2009
976 Avg Unit Size
238,228 Total NSF

Private Owners – Partnership splitting

For quickest response, contact: [e-mail] Please specify which properties you are interested in. Please be principle buyer or direct to.

------------------------------------------------------------------------------------------------------------------------------------------------

Multi-Family in TX, South Beach Hotel/Nightclub, and 345 Units In Jax!

1. 935 Units At Two Properties In Houston Texas with 12 CAP!!! They two properties can be divided up.

One Multifamily Property With 499 Units
PLUS
A Second Multifamily Property With 436 Units
In the heart of Houston and within 1 block of each other!
The 436 Unit Property Is 53% Occupied
The 499 Unit Property Is 84% Occupied
The Upside Potential Here Is Massive And We Have Direct Control Over Both As A Package Deal!

We Are Looking For A Qualified Cash Buyer To Take Down Both Properties For Just
$12.9M!!! 
LESS THAN 14K A DOOR!!!

The Stabilized Value Here Is Almost $22,000,000!!  WOW!!

These two properties require a total of $1.5M in rehab between them.
After rehab and stabilization - The joint NOI is over $3M per year!!!

STABILIZED CAP 21%!!!!!!!!!!!

We have direct control over these properties and have made onsite inspections. We see
nothing here but an exceptional opportunity for anyone looking to own a large
number of units in Texas.
All indications are that Texas is going to come back hard when the market picks up.
A new owner is sitting on a potential home run with this deal.

IMPORTANT: Please make contact with us only if you are in a position to actually make this purchase.

We will require a valid and verifiable proof of funds. You will need $200K in escrow right away.
You MUST be able to work with 10 days DD and an immediate close.

We can save you a lot of money and actually perform due diligence on your behalf at no cost to you!!
If you prefer to perform your own due diligence, we will be happy to assist you with this, again at no
cost to you.

This package deal is ready to go!! We have the contracts and 100% direct control.

All Financials Are Available
DD Assistance Available Immediately

You can structure this however you want to, you can partner it, own it, keep it, rehab it, flip it or whatever you want but you MUST be able to actually perform, take title and close on the deal with real money and within
the next couple of weeks.
 

If anybody else offers you a potential 10 million dollars clear profit in 36 months, please let us know!!

If you'd like a two word term for this opportunity, try one of these:

Home Run.... Slam Dunk.... No Brainer.... Complete Winner....

$12.9M INCLUDES Buyers Points!!!!!!

Contact: [e-mail] for more info.

2. South Beach Hotel/Nightclub and 345 Units In Jax... DIRECT BUYERS ONLY!!!

 

For quickest response, contact: [e-mail] for more info on these properties.

 

FABULOUS SOUTH BEACH Boutique hotel and the current appraised value with the hotel and restaurant is 15 million. The newly approved nightclub license will generate an additional 10-20 million a year.  The seller is willing to sell
it for 13.5-14 million.   Please get back to my office with any interest. BUYER
MUST SIGN NCND & FEE AGREEMENT before package is released. Recent Appraisal
is available as well.

 

3. AS ORIGINALLY OFFERED

 

Jacksonville Florida
$8,500,000
354 units 87% occupied, 10.5% cap

NOW ASKING $7.75M which increased the CAP rate to better than 11%. PLUS you still have only an 87% OCC Rate to improve upon. Thereby raising the CAP Rate even more as the property is stabilized. Additional Expenses can be cut as
well based upon what we have seen from the financials on this property. ACT NOW
! Seller Motivated and MUST sell property for health reasons. DOCTORS
ORDERS!

For quickest response, contact: [e-mail] for more info on these properties.

Patrick B. Simmons
President

ComResInvestments
a division of simmons road enterprises, inc.
2500 Al Simmons Road - Dover, Fl 33527
Please Visit Our Site: www.ComResInvestments.com
Marketing and Consulting For
Real Estate, Business and Finance
Phone: [phone]
Fax [phone]
[e-mail]
Want amazing, professional looking videos for your business at a fraction of the
cost??? Visit ANIMOTO today! http://animoto.com/?ref=uscxrdae
Join me on Real Estate Investor: http://www.realestateinvestor.com/cmd.php?af=798764

NOW ASKING $7.75M which increased the CAP rate to better than 11%. PLUS you still have only an 87% OCC Rate to improve upon. Thereby raising the CAP Rate even more as the property is stabilized. Additional Expenses can be
cut as well based upon what we have seen from the financials on this property.
ACT NOW ! Seller Motivated and MUST sell property for health reasons. DOCTORS
ORDERS!

For quickest response, contact: [e-mail] for more info on these properties.

[Daniel Choi]

Any SFR REOs in Denver, CO ? My inevstor is looking for bulk REOs SFR for rehab. Please contact me [e-mail]

[Victoria Lewis]

Dear Patrick,

  Please do check out my Profile on CREPIG because I do Commercial & Hotel Lending all across the USA & all around the world!!! Please pass my INFO around to all of Your Commercial Clients. I really would appreciate it.

 

Thanks again & Take Care.

 

Victoria Lewis-Owner

W:TheCannaeGroup.com

703-398-5532(B)

VikkiHotels.blogspot.com

SKYPE:VikkiHotels

[Todd Bayer]

Patrick,

 

Please contact me regarding the Orange Hills property.  Thanks!

 

EDIT:  Oops, I just realized you posted this almost a year ago.  Contact me if you have anything new.

[Mark Anglin]

yeah...I did not realize that until you just posted it...I will bet a dollar no one else did either...I looked last night and their were no post's following the opener...hmm.. wonder what is still out there..