Property Description:
First Time Available in 28 Years! This is a very attractive two-story showroom. This property is very well known throughout Orange County and promises to grab your customers' attention. With over 250 feet of freeway frontage, there isn't a property in Orange County that can compete with this amount of exposure and at this price.
Location Description:
This property fronts the 55 freeway. The average daily traffic count on the 55 freeway is approximately 251,000.
As we are out in the field talking to businesses and property owners, we are continuously looking for the right opportunities for our clients. Also, as prices for industrial properties continue to drop, striving businesses are getting excited about the opportunities to acquire property at discounted prices.
In the mean-time, while businesses are positioning themselves to obtain financing for these discounted buildings, many questions start to arise and much consideration must be factored in when choosing a bank to finance a building.
Therefore, we sat down with one of our preferred bankers, Jesus H. Leon, a Relationship Manager with Community Bank, to get a better understanding of what our clients need to consider when choosing a bank and what our client's should expect.
Mr. Leon stated that lending fundamentals at Community Bank have not changed, and that although some banks have pulled back due to various factors related to the current economic climate, Community Bank continues to lend money to qualified borrowers.
Some of the main things a business owner needs to consider when looking for a bank to provide financing are not only interest rates and fees, but also the bank's other services, capitalization, and liquidity. It is important that the bank provide a full array of banking services to take care of all your business banking needs, in addition to financing. Community Bank is specifically focused on meeting the needs of small to mid-sized businesses and is well capitalized to weather the current economic climate.
A business owner should know that today's interest rates are likely to be in the 7% range, a minimum down payment of 25% will be required for purchase financing without utilizing lower down payment SBA options, and that banks are less likely to fix their interest rate for more than 5 years.
The FDIC has compiled a list of private companies to provide independent ratings of financial institutions. To check your banks ratings, two of the agencies are listed below with their web links.
BauerFinancial: http://www.bauerfinancial.com/ratings.html
Bankrate.com: http://www.bankrate.com/brm/safesound/ss_home.asp
For more information please contact Gary Martinez at (714) 680-5102 ext. #12 gmartinez@transtar.com
Jesus H. Leon is Vice President and Relationship Manager with Community Bank. Jesus focuses on building longstanding commercial banking relationships with small to mid-size businesses in Orange County. He provides complete banking solutions, including lending, deposit, and cash management services. Jesus can be reached at (714) 704-2369 or at jleon@cbank.com.
Community Bank (www.cbank.com) is a Regional Business Bank, founded in 1945, proudly serving a broad range of Southern California clients with 13 offices located throughout Southern California. As one of the oldest and most respected banks in California, our business philosophy of "Partnership Banking" has helped us provide quality financial services to our clients throughout the years.
La Habra Business Center is a multi-tenant industrial park that contains over 173,000 rentable square feet.
Now that our economy is experiencing difficult times with employment, the credit market, etc., maintaining occupancy of a multi-tenant park can be very challenging, and can also add pressure to property owners to lower rents. However, our team has been able to maintain an occupancy level above 95% while gradually increasing rents. Even during these times, we are consistently drawing in prospective tenants.
Our property management staff has done a great job maintaining strong relationships with the existing tenants while preserving the property. The tenants continue to renew their leases and grow within the industrial park.
Together with our ability to attract qualified tenants and our supportive property management staff, we've been able to get rents above an average of $0.94 per square foot.
Our success at La Habra Business Center proves our marketing efforts, relationships, and knowledge of today's businesses, is a winning strategy that our team uses to maximize returns for our clients.
Gary Martinez and Sara Mathis
This property is a 4,000 sq. ft. building with approximately 3,000 sq. ft. of fenced yard. The property owner is motivated to get this leased.
The property is located in La Habra and the asking rent is $3,680 per month.
Please call Gary Martinez (714) 680-5102, ext. #12, for additional information and touring instructions.
The real estate market is experiencing a lot of changes right now and the industrial market is no different.
Because of these uncertain times, credit less available, and fewer willing and able buyers, prices of industrial properties are starting to drop.
Right now is a good time for investors and owner-users to start talking to their commercial real estate broker for inside information on the market as attractive buying and leasing opportunities are consistently popping up.
For additional information and/or opportunities, please call Gary Martinez at (714) 680-5102 ext. #12.
