Jim's Real Estate - Finance Blog: July 2013

Monday, July 29, 2013

Nelson & Young Lease Another Site- Warehouse by Burnet/183

BEACON ROOFING SITE LEASES NEW SITE BY BURNET ROAD

Austin, Texas, (7/29/13) — KW Commercial announced the lease of a 1 acre site at 2906 Industrial Terrace, nearby to the 183 & Burnet Road intersection.

Nick Nelson, and Jim Young, of KW Commercial, represented the Landlord, a private owner.

The location has a one acre fenced yard, with 1,100 square foot office, and 1,800 sf warehouse.

The tenant, Beacon Roofing, was represented by Fred Placke and Carson Barr of Cresa-Austin.

“Beacon Roofing and it’s agents moved decisively to take advantage of this site.” said Young & Nelson.

	Jim Young KW Commercial 512-565-7509 jimyoung@kwcommercial.com My Experience-Team Profile
1801 Mopac, Suite 100, Austin, TX 78746

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Thursday, July 18, 2013

Austin's Top 10 Most Viewed Loopnet Listings--Guess What Asset Class?

It should not surprise anyone, which asset class dominates Austin’s Most Viewed LoopNet listings:

	Jim Young KW Commercial 512-565-7509 jimyoung@kwcommercial.com My Experience-Team Profile
1801 Mopac, Suite 100, Austin, TX 78746

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Brokers & Sellers: Our Buyer Needs: CLICK HERE

Tuesday, July 16, 2013

Updated Acquisition Criteria For Review

Untitled Document

Listings

Nick's Blog

Jim's Blog

About Us

Acquisition Criteria

Austin

Asset Type: Retail or Industrial

Asset Class: A, B, or C

Purchase Price: Up to $1,500,000

Minimum Cap Rate: 6%

Details: Single or Multi-Tenant assets

Austin or San Antonio

Asset Type: Retail Shopping Center

Asset Class: A

Purchase Price: $1,000,000—$7,000,000

Minimum Cap Rate: 7.5%

Details: Stabilized income producing assets, max 20% vacancy, regional or national anchored tenants preferred.

Texas (Austin, DFW, Houston, San Antonio)

Asset Type: Retail Class A

Min Size: 100,000 SF

Detail: Value Add/Former Big Box either through vacancy or owner distress, 100% vacant is OK.

US Major Metros

Asset Type: Single Tenant Net Lease

Min Purchase Price: $2,000,000

Min Cap Rate: 7.5%

Tenant: Corporate or Franchise

Min Term : 10+ yrs

Details: Willing to look at smaller franchisees. Companies with good operators and at least 2 locations could be considered. No Child Care Facilities.

Nick Nelson

KW Commercial

Mobile: 512.906.6757

Email: nick@kwcommercial.com

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Jim Young

KW Commercial

Work: 512-531-2946

Mobile: 512-565-7509

Email: jimyoung@kwcommercial.com

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Wednesday, July 10, 2013

Licensed Texas Real Estate Agents--Some "Donts" on a Contract

Agents, the following clauses have been inserted into “Special Provisions” and should not have originated with licensees. These clauses are vague, incomplete, border on the unauthorized practice of law, or are addressed by other promulgated addenda.

“This contract is subject to a satisfactory appraisal report.” (or inspection report)
“This contract is subject to the buyer selling buyer’s existing home.”
“Buyer agrees not to require seller to complete any repairs.”
“Buyer may begin to move-in 3 days before closing.” (or seller to stay after closing)
“If for some reason buyer cannot obtain financing, the parties will renegotiate owner financing at that time.”