Real Estate Investing

September 23, 2022 by Peter Maclennan Leave a Comment

For Lease! Antioch Industrial Building

This property has undergone some recent upgrades including new paint in the office area, LED lighting throughout the building, and new flooring in the office.

Call me at (925) 385-8798 to discuss or to schedule a tour.

Sincerely,
Peter Maclennan

Property Overview

±8,070 sf of Light Industrial space for lease
±7,000 sf of Warehouse with a private restroom
±1,000 sf of Office with Mezzanine Space
5 Drive In Doors provide multiple entry points
Almost 1 full acre of fenced & paved yard
Zoned Light Industrial – City of Antioch
Skylights provide abundant natural light

The building sits on a 41,774 sq. ft. lot. The lot is fenced and paved for the next tenant with access on all sides of the building.

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May 14, 2021 by Peter Maclennan 1 Comment

NAR Commercial Market Insights

The National Association of Realtors has released its March 2021 edition of its Commercial Market Insights. Here is a brief summary of some relevant highlights.

Commercial Transaction Volume

Commercial Sales Transaction Volume in March of 2021 was down 28% from the prior year on transactions in excess of $2.5 million. The only sector that saw an increase in transaction volume year-over-year was hotels. This is likely due to opportunistic investors moving into the space.

National Commercial Real Estate

Commercial Cap Rates

As the commercial market stabilizes, commercial cap rates will continue to decline. Lower cap rates contribute to higher prices. National cap rates for properties above $2.5 million, apartments averaged lowest cap rate at 4.9% with industrial properties averaging 5.9%.

For properties below $2.5 million Class A apartments had the lowest cap rate of 5.7%, Class B Apartments at 6.4%, and industrial averaged 6.8%

Leasing Activity

Office leasing continues its negative trend of absorption. Since Q2 of 2020 the cumulative total negative net absorption of 138.4 million square feet. This trend is not surprising as many companies are adjusting to Work From Home (WFH) and adapting their office use accordingly.

Industrial absorption rose 82.7 millions square feet in 2021 Q1 and was net positive 309.7 million square feet for the past 4 quarters. This trend is not surprising either as we have seen an increase in online shopping, which is dependent on warehouse and “last mile” storage.

Bay Area Commercial Real Estate

The commercial real estate market in the Bay Area contributes to national trends, but varies from national trends at many times. The old adage in real estate is “Location, location, location.” Trends in the San Francisco Bay Area very from area to area as well.

It is imperative that you work with a real estate professional that knows what is happening in your region and with your property type. For advice on how to navigate your specific commercial real estate question, please call Peter Maclennan at 925.385.8798.

April 28, 2020 by Peter Maclennan Leave a Comment

Price Reduction on 1780 Monument Blvd

New Price – $1,500,000!

Price Reduction on 1780 Monument Blvd.

The owners of 1780 Monument Blvd have asked us to do a significant price reduction. We are lowering the asking price by $150,000 to $1,500,000.

Exterior of Automotive Building in Concord

This exceptional property boasted a traffic count of close to 30,000 cars per day (prior to Covid-19). It is a unique opportunity to own an automotive property in primarily a retail area.

Left Turn Lane

It also allows for access from both directions on Monument Blvd with a left turn lane in front of it.

Interior Shop Photos — Lifts and other equipment can be included

Call Peter today to discuss at 925-385-8798.

April 16, 2020 by Peter Maclennan Leave a Comment

Video Tour of 729 Fulton Shipyard Rd.

Video Tour of 729 Fulton Shipyard Rd, Antioch, CA

Here is a video tour of our listing at 729 Fulton Shipyard Rd in Antioch, CA.

Tour of 729 Fulton Shipyard Rd.

The light industrial space boasts ±2,500 sf of warehouse & office space. We are asking $2,200/mo.

April 10, 2020 by Peter Maclennan Leave a Comment

Reasons for Optimism on April 10

Happy Easter!

Wishing that you and your loved ones have a blessed and healthy weekend. Hopefully you will find a way to be physically distant but socially engaged over the holiday weekend.

I have included a few items below to brighten your day or week. My current real estate listings and some art from my daughter.

Resurrection Art by my daughter - The Empty Tomb — My wildly creative daughter drew this in anticipation of Resurrection Sunday.

Reasons for Optimism

These days there seems to be a shortage of good news in the world today. But here is why I am cautiously optimistic these days.

Social Distancing Physical Distancing Working? – Coronavirus Model Revised Down

CNN and other news sources are reporting that one of the influential models tracking the coronavirus pandemic has revised the total deaths number down.

The numbers for California have improved with peak utilization of hospital resources occurring on April 13 and without an overload of hospital resources.

This doesn’t mean that we can stop being vigilant with our handwashing and stop following CDC guidelines.

Auto Insurers Offering Rebates

I received notice that I will be getting a discount on my auto insurance due to the reduced driving. The EastBayTimes.com is reporting this is occurring with a number of carriers and lists some of the programs offered.

Some Good News by John Krasinski

John Krasinski (of The Office and Jack Ryan) has uploaded two episodes of Some Good News. In the videos he highlights good news from around the web. In the first episode he interviews The Office costar Steve Carell. In the latest installment he surprises a young girl with a Zoom call.

Zoom Surprise: Some Good News with John Krasinski Ep. 2

Maria Told Her Mother Gladly – Humor

Maria came home from Sunday School on Palm Sunday and told her mother that she had learned a new song about a cross-eyed bear named Gladly.

It took her mother a while before she realized that the hymn Maria had been singing was really: “Gladly The Cross I’d Bear.”

Holiday Reading

On Good Friday

Why We Call the Worst Friday ‘Good’

“It was the single most horrible day in the history of the world.
No incident has ever been more tragic, and no future event will ever match it.”

On Sunday

And as they were frightened and bowed their faces to the ground, the men said to them, “Why do you seek the living among the dead? He is not here, but has risen.”
Luke 24:5-6

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Commercial Real Estate Listings

For Sale – Concord, CA

This high visibility location along Monument Boulevard in Concord, CA is zoned Commercial Mixed-Use (CMX) by the City of Concord allowing a variety of retail and service uses. Learn More…

For Lease – Antioch Warehouse

This open and bright space is ideal for the cabinet maker, the contractor, the plumber, the carpet installer, or other trade. The space contains a small office, a private restroom, and mezzanine space. Keep Reading

For Lease – Martinez R&D Space

2880 Howe Rd Arial Photo — 2880 Howe Rd, Martinez, CA

±16,885 Sq. Ft. of beautiful, bright R&D space. Warehouse and office space. Two roll up doors. Find Out More

925.385.8798

For Lease! Antioch Industrial Building