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Opportunities
| FOR SALE |
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| 88.86 Acres In New Hampshire |
| Most of the site is zoned general (commercial and industrial) and
approximately 15 acres are zoned business (retail). The proposed site plans call for an
11-lot subdivision, which can accommodate a total of 538,000 sq.ft. Included in the retail
zone are three proposed lots, available for a 6,000-sq.ft. restaurant, 5,000-sq.ft. bank,
and 25,000-sq.ft. retail building, all with frontage on Lowell Road. The town would also
be receptive to a single user for this site. Offered at $4.6 million. |
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| For further information, contact David Faulkner, Butler Realty, One
Stiles Road, Salem, NH 03079; 603-893-7500, Fax: 603-898-0100; e-mail: ButlerProp@aol.com. |
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| Sports Complex |
| Indoor/outdoor sports complex located in upstate NY. 12,000
visitors weekly with 4,500 active participants. 48,000-sq.ft. complete four-season
facility plus parking on 50 acres. Restaurant, pro-shop, arcade, education center and
more. |
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| For further information, contact Gains, Inc., 130 West 42nd Street,
12th floor, New York, NY 10036; 212-391-5690, Fax 212-391-5689; Web site:
www.gainsinc.com. |
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| Phoenix, AZ |
| The Indian Drum Building at 7122-7132 East Fifth Avenue in downtown
Scottsdale is available. The area is serviced by numerous hotels and motels plus draws
equal mix of college students, high-income shoppers (three-mile demographics show income
of $56,000) and seasonal tourists. Listing price of $1,988,900 ($546,055 down, CAP of
9.18%). |
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| For further information, contact Marcus & Millichap,
609-952-9669, Fax 602-952-1150. |
| FOR LEASE |
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| Retailer Wanted |
| Looking for national retailer to occupy 12,000 sq.ft. in renovated
freestanding building in downtown Carlisle, Pennsylvania historic district. Area
demographics include population of 234,844 within a 10-mile radius earning average income
of $58,401. |
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For more information, contact William Shearer, Wolfe & Shearer
Realtors, 33 South Pitt Street, Carlisle, PA 17013; 717-243-1551, Fax 717-243-0472.
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| Manhattan |
| Retail leasing opportunities Upper West Side of Manhattan (70s and
80s and Broadway, Columbus Ave, Museum of Natural History, Columbia University area and
Chelsea). |
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| For more information, contact Antonio Quinlan, Walker, Malloy &
Co., Inc., 101 West 70th Street, Suite 2N, New York, NY 10023; 212-874-1686, ext. 104, Fax
212-724-6386. |
| WANTED |
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| Investors Near NASCAR |
| Wanted: developers and brokers with clients interested in locating
commercial property near the new NASCAR track that is being built in Wilson County,
Tennessee just outside of Nashville. |
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For more information, contact Carl Hill, Bob Parks Realty, 1535 W.
Northfield Boulevard, Murfreesboro, TN 37129; 615-895-4040; e-mail hillshomes@aol.com.
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| Manhattan Retail |
| Multiple units wanted in Manhattan, 2,000-sq.ft. retail units in
high traffic areas. Venting preferred but not absolutely necessary. High traffic areas,
especially lunch and dinner activity. |
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For more information, contact Paul G.W. Fletscher, Great American
Brokerage, Inc., 630 Third Avenue, 15th Floor, New York, NY 10017; 212-557-7272, Fax
212-557-1685.
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| Suggestions Wanted |
| As principals, we are selling a property in June and are in search
of an up-leg to complete a tax-deferred exchange. We are willing to consider properties
with the following characteristics: Total purchase price between $3 million and $5
million; single tenant net leases preferred, however, no flat leases; multi-tenant
distribution centers a possibility if intrinsically interesting; product type in order of
preference - unsubordinated ground lease (fee interest), distribution centers, office,
retail; primary and secondary cities anywhere USA; free and clear or with favorable
assumable financing; will commit to pre-sale for future delivery; closing flexible from
June through first quarter 2001. |
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For more information, contact Eric Wilcox or David Gustafson, 500
Washington Street, Suite 700, San Francisco, CA 94111; 415-781-2900, Fax 415-392-2701;
e-mail: ewilcox@a-c.com.
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| Property Wanted |
| A large organization is actively buying portfolios of income
properties. Price range runs from $100 million to $5 billion dollars per transaction. They
will buy on the prevailing cap rate in the geographic areas in which the properties are
located. They can pay cash if necessary, but will assume existing financing where the
terms are reasonable. They are flexible as to the types of properties, except raw land or
projects to be built, so long as they’re generating an income flow. |
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For more information, contact Robert Stuart, 2717 Cleburne Road,
Orlando, FL 32817; phone or Fax 407-277-1628; e-mail: rubobstu@aol.com.
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| Developer(s) Wanted |
| Experienced developer(s) wanted for minor league baseball stadium
(independent league) with adjacent pro soccer grandstand and 30-store retail factory
outlet mall. UEZ, redevelopment zone |
| and possible brownfields. Host city’s support. |
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| For more information, contact Redevelopment thru Baseball
Initiatives, Inc., 732-571-9464. |
| FINANCING |
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| Capital Resource Group |
| Small commercial loan program finances acquisition or refinance of
existing income-producing properties available. Typical transactions range from $300,000
to $2 million. Eligible properties include mixed-use, industrial/warehouse, retail, office
and many others. LTV based on lower of purchase price or appraised values. Borrower pays
for third-party reports, closing costs and legal expense. Lender and correspondent fees
may be included in loan amount. Construction loans from $1 million ($5 million in some
states) and bridge loans from $500,000 are also available for commercial properties. The
Capital Resource Group is a direct, private investor and correspondent for commercial real
estate capital resources. |
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For more information, contact W. A. Sanderhoff, Capital Resource
Group, Sanderhoff & Associates, Inc., Chicago, IL; 630-629-0408, Fax 630-629-0409.
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| Vista Capital |
| Offer programs that provide financing for both business and real
estate transactions. Business loans available for franchise financing, business
acquisition, commercial properties and construction/leasehold improvement loans. Real
estate loans include apartment financing, offices, retail, industrial and hospitality
properties. |
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For more information, contact Steve Mellish, Vista Capital
Consulting Group, 30 Broad Street, New York, NY 10004; 212-422-2100, Fax 212-422-1964;
e-mail: Vistacap-@juno.com.
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| Martin Capital Group |
| A variety of unique private financing alternatives are available to
allow developers and commercial real estate investors to add value to their projects and
seize profitable opportunities. Funding amounts vary and may be used for workouts,
partnership restructures, land developments, renovations, among others. Virtually any
property type is included. |
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| For more information, contact Craig Williams, Martin Capital Group,
454 Holland Road, Benton, KY 42025-5958; 270-354-6394, Fax 270-354-9065; Web site:
www.martin-capital.com. |
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