Thursday, April 24, 2008

Commercial Fire Sale

Don't say I never gave you anything. Here are some hot REO commercial property listings from my area. Notice the impressive 0% occupancy rate on the first one.

I really feel for the previous owners because we could have been in the same situation. But we didn't wait to sell off our albatrosses.

Don't you all put your offers in at the same time now.

$649,900

Foreclosure - Bank Owned
25014 Las Brisas Road, UNIT A & UNIT B

Murrieta, CA 92562
County: Riverside


Property Description:
The property is a part of a four building, 16-unit condominium project known as the Los Alamos Business Park; located on a 1.62-acre site that contains 70,567 SF. The improvements were constructed in 2006 and collectively have an area of 2,585 square feet within a 5,110 square feet building..

Location Description:
The property is located on the booming I-215 Corridor with freeway frontage at the Los Alamos overpass in the city of Murrieta.

At the base of the Santa Ana Mountains, Murrieta is located in the midst of one of California' s fastest growing regions. Known for its natural be
auty, Murrieta offers an attractive quality of life for individuals and families, as well as businesses, seeking to relocate. A safe, family-oriented environment and a well-educated work force combine to make Murrieta an ideal place to live, work and play.


$595,000

Distressed Apartment Complex
28736 Calle Del Lago
Murrieta, CA 92563
County: RiversideProperty Description:
*PRICE DROP OF $205,000! Property now listed at $595,000. This is pricing from 2004 and before. This is a distressed property. This is not a short sale, real estate owned property (REO), or foreclosure.

Location Description:
Murrieta's Apartment Row, conveniently located right off of Murrieta Hot Springs on Calle Del Lago.


$550,000

INCOME PROPERTY::Great for First Time Investor
28919 Calle Del Lago
Murrieta, CA 92563
County: Riverside


Property Description:
*PRICE DROP OF $200,000! Property now listed at $550,000. This is pricing from 2004 and before. This is a distressed property. This is not a short sale, real estate owned property (REO), or foreclosure.

Location Description:
Murrieta's Apartment Row, conveniently located right off of Murrieta Hot Springs on Calle Del Lago.