Owner User Commercial Real Estate Making a Comeback

Posted February 14, 2014

In California, Columbus, Commercial, development, net lease, nnn, Ohio, real estate, Retail, Santa Monica

Well into the early stages of a recovery, companies seeking to raise funds will sell their property to investors and lease back the space. However, lately, with increased financing options and a constrained supply available companies are warming to the idea or owning their commercial real estate once again.

I’m seeing this with Columbus commercial real estate for sale and Los Angeles and Santa Monica commercial real for sale as many more local and regional banks are willing to provide financing.

Banks have reentered the commercial real estate lending market in a major way now that they’ve dramatically reduced the distressed loans on their portfolio as values increase and the economy improves.

“Banks have been pro owner-occupied lending for the past several years,” said Patrick Mahoney, principal and president for NAI in Orlando. “The challenge until recently has been the financials of the underlying business. As the economy has improved businesses balance sheets are stronger and banks are more likely to look favorably on lending to them.

Data from CoStar shows that more corporate owner users bought last year than there were sellers with 5,577 buyers versus 5,125 sellers of commercial properties values at more than $500,000. I’m seeing this in the Columbus commercial real estate for sale and also West Los Angeles and Santa Monica commercial properties for sale. In fact I’m seeing a tighter market in Columbus, especially Columbus triple net retail properties, than I am in Los Angeles. Much of that is due to huge parcels of commercial real estate in Columbus owned by a very few developers. Ownership in Los Angeles commercial real estate isn’t as concentrated in so few hands.

Your Santa Monica commercial real estate agent / broker can still find opportunities, but it’s getting much more difficult. Even the West Los Angeles triple net retail and office lease segments have become very tight and expensive. Contact me with any questions, Scott Harris at 310-473-4789.

Columbus commercial property for sale is still available, but not necessarily in the areas where you’d think one would want to be so a little creatively goes a long way. I’m thinking Westerville, Franklinton, Clintonville, Old Beechwold, Grandview, Worthington and Hilliard. Polaris is all ground leased so there are some net leased retail opportunities, but really not much to buy. Same with Easton.

See your Columbus commercial real estate agent / broker for assistance. I’ll happily volunteer, Scott Harris at 614-905-6614

Net Lease, NNN Property, Triple Net Retail

Commercial realtor

Commercial real estate with a focus on out-of-state investment property for my Southern California investors. My clients are Southern California local buyers looking for a return far better than what is available around here and that generally means out-of-state. We have expert property management, legal, and contracting services available.