Class A Shopping Center - Near Magic Mountain in So CA

***Re-Post: Lost previous posting****

 

This is a Class A shopping center in Southern California near Magic Mountain.

First off, this is listed with a broker, HOWEVER, we are direct to the seller to negotiate. 

Buyer fee 3%.
Very motivated seller.

Price: $17M
Completed in 2008-2010
Bank calling loan due: May 1, 2011 (seller is able to extend)
Development cost: $30M+
In Operation with 2 tenants

Occupancy: 16%

Annualized Gross Income: 270K

No Cap calculation

Total rentable space: 98,000 sq ft

Total Area:  8.3 Acres

Total Building 7

Adjacent to 100+ business center, and recently approved 20,000 SFR development.

 

The seller wants LOI/POF, however, if you are qualified, please send your bio and qualification.  We want you to talk to the seller directly.

 

 

Pearl@AstaEnt.com

408-455-4320

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Replies to This Discussion

Permalink Reply by Steve Stern on April 10, 2011 at 8:40pm
sq ft?
Permalink Reply by Pearl Zavertnik on April 11, 2011 at 10:07am
Total rentable space: 98,000 sq ft
Permalink Reply by Steve Stern on April 11, 2011 at 11:10am
I would be interested if your direct to seller.
Permalink Reply by Pearl Zavertnik on April 11, 2011 at 12:20pm
What would be your p
Permalink Reply by Steve Stern on April 11, 2011 at 12:42pm
principal consultant.
Permalink Reply by Pearl Zavertnik on April 11, 2011 at 12:51pm

Hi Steve,

 

I think some of the previous reply was cut off..  Sorry about that:

 - Need BIO/experiences/financial capability/current holding if any of the buyer

Provide what you can since we have to screen before connecting you to the seller.

Please send the information to Pearl@AstaEnt.com

408-455-4320

Permalink Reply by Steve Stern on April 11, 2011 at 7:30pm
I dont need to speak to the seller. I need to see the numbers. If it works for us we move to the nxt step. If you want all this info upfront before we see the deal then we will pass.
Permalink Reply by Pearl Zavertnik on April 12, 2011 at 8:29am

There is not much numbers to speak about.  It is under occupied because the owners want to sell it - not much marketing, etc.  Someone capable should come in and run this place.

Seller is tired of looky-loos and tire-kickers.

Permalink Reply by sargent wayne on April 13, 2011 at 6:12pm
We offer commercial project funding and financing with bank instrument, client can give us 10% of the face value of the bank instrument as BG, SBLC or wire the fund to our investment banker who will issue and monetised the bank instrument for funding.
However, we do long and short terms loan for personal, business and other funding needs. And we give upto $40M loan to clients who meet all our loan conditions.
For more details contact us with the below info.
sargentwayne33@yahoo.com
sargent.wayne

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