What Do Single-Tenant Net Lease Deals Offer High-Net-Worth Investors?

HNW investors are especially attracted to single-tenant net lease deals in the retail sector.

For more and more high-net-worth (HNW) real estate investors, dollar stores and drugstores make for a winning combination, although these assets can turn into losers if the sole tenant leaves.

Office and hotels still draw a lot of attention—and dollars—from HNW investors. But a rising number of them are betting on single-tenant net lease properties such as dollar stores, drugstores and fast-food restaurants to help round out their portfolios.

By and large, net lease properties are magnets for HNW investors because they’re viewed as safe, recession-proof assets that preserve cash flow and yield.

Read more from National Real Estate Investor

Rich San Francisco homeowners get sold-off street back

Residents of an exclusive San Francisco neighborhood who failed to pay taxes on their private, gated street for two decades got the street back Tuesday after supervisors voted to rescind the sale of the tax-defaulted property.

The Board of Supervisors split 7-4 on the move, with those in favor saying residents of Presidio Terrace had not received enough notice before their sidewalks, street and common areas were sold at auction in 2015.

Read more from SFGate

Bitcoin is finally buying into US real estate

Bitcoin is already in retail and restaurants — so it was only a matter of time before the cryptocurrency took on real estate. That time is now. Bitcoin is slowly making its way into closings on everything from Lake Tahoe land in California to Manhattan condos to single-family homes in the heart of Texas.

Read more on CNBC

Amazon’s Big Moves Cause Big Changes

It seems as though Amazon is in the headline of every news story, from their acquisition of Whole Foods to the hunt for their next headquarters location, this company is making big moves that will result in big changes for the commercial real estate industry.

Experts have predicted that Amazon will utilize Whole Foods stores as hubs for grocery pick-up and delivery, resolving the “last mile” issue. The $13.7 million acquisition has the potential to completely change the grocery industry. This deal presents an opportunity for retail real estate investors because it underscores the vital role of brick-and-mortar stores in the future of the retail sector.

Read more from NAI Global

Playboy Mansion expected to go up in value

Following the news of Hugh Hefner’s death, the iconic property could surpass recent $100M sale price.

Playboy founder Hugh Hefner died at 91-years-old on Wednesday, his company confirmed. As the tributes and debates over Hefner’s legacy continue, the new owner of the iconic Playboy Mansion in the tony Holmby Hills neighborhood of Southern California could enjoy a windfall in the property’s value.

Read more from Inman

Technology is Keeping Bodies in Brick and Mortar: Here’s How

Cutting-edge technology is essential for big-brands who want their retail empires to continue to succeed and outpace competitors in today’s (and probably tomorrow’s) retail landscape. E-commerce has created a shift in consumer wants and behaviors towards retail, however, the right technology can feed into those wants and positive behaviors.

Here are three important ways technology is changing brick-and-mortar for the future.

Read more from NAI Global

The new acquisition is bringing Amazon prices to Whole Foods

CHANCE FOR REDEMPTION

If you’ve never stepped foot into a Whole Foods before because you felt the high price points weren’t worth emptying your wallet over artisanal cheeses and organic produce, you might want to give them a second chance.

After sealing the $13.7 million dollar deal on Monday, Amazon is the proud new owner of Whole Foods. They’ve already begun lowering prices in their brick-and-mortar locations.

Read more from The American Genius

Mike Priolo Sells San Mateo Multi-family Property for $2.2M

MARCH 2016 – San Mateo, CA – NAI Northern California announced today that it has closed the sale of 456 Studio Circle, a six-unit multifamily complex located in San Mateo, California.

Built in 1959 and consisting of (4) one bed/bath units and (2) two bed/bath units, the multifamily complex is located in the San Mateo/Burlingame border within walking distance to downtown Burlingame. Featuring rents 40% below market, the sale’s price per unit, about $367,000 is within the top 30% of all Class C apartments sold in San Mateo in the last 14 months.

Mike Priolo, Investment Advisor for NAI Northern California, represented both buyer and seller in the $2.2M sale. “This sale is the latest of several recent major transactions we’ve represented in San Mateo, demonstrating a clear demand for multifamily inventory in this market,” commented Priolo.

A veteran real estate professional with over nine years of experience in the Bay Area, Mr. Priolo specializes in the sale and acquisition of multifamily and NNN assets, consistently exceeding his client’s expectations through his dedicated focus and market expertise.

About NAI Northern California

NAI Northern California is full service commercial real estate firm in the San Francisco Bay Area and part of NAI Global, the largest managed network of Commercial Real Estate Brokerage Service firms in the World. Recognized as one of the Top 25 Commercial Real Estate Firms by the East Bay and San Francisco Business Times, NAI Northern California provides comprehensive brokerage, leasing, debt, advisory, and property management services for corporate end users, property owners, developers, investors and financial institutions.

5 Health and Wealth Hacks You Can Start Today

Almost everyone wants to be healthier and more financially secure. Much of the advice you see is either unsupported or difficult to implement. Here are 5 areas confirmed by virtually all research to be positive, beneficial additions to your life that you can easily embrace right now. It’s worth noting that health always improves your base from which you can work towards financial success and the reverse isn’t often true.

  1. Start your day at 5:30 am. The statistics are undeniable. This is the right decision. Furthermore, no research supports the common “I’m a night person” statement. Unfortunately, saying “get up early” is as effective as saying, “get a job”. So here’s how to actually do it.
  • Step 1: Figure out your personal motivating factors
  • Step 2: Visualize value you’ll receive like success & health
  • Step 3: Visualize the negatives of late rising like grogginess, running late, wasteful mornings and missed opportunities
  • Step 4: Tell friends and family, share this article, and tell them you are committed to this change. This will help your guilt factor. You could also commit to Soul Cycle or another cultish early morning group class.
  • Step 5: Practice now (or next time you’re home) by getting in bed with your alarm set for 3 minutes later. Gently but immediately get out of bed. Do this 5-10 times. Seriously. Don’t skip this last step.

Read the rest of James Kilpatrick’s health and wealth hacks here!

Continued Success for New NAI Agents

 

Alex Orloff (L) and Shivu Srinivasan (R) with President James Kilpatrick

Congratulations to two more NAI Northern California agents who just closed their first deals!

Alex Orloff recently closed the Desert Sand Motel, a 42-room independent motel in a prime downtown Sacramento location for $2,000,000. The 11,276 square foot motel includes a cafe and two-bedroomowner’s apartment. According to Alex, “This hospitality investment gave an experienced operator access to the growing downtown Sacramento market in a rare value-add opportunity.”

Alex’s professional career spans both real estate investing and digital advertising. His background brings a uniquely well informed and strategically thoughtful advisory to clients from ownership, operations, and portfolio management perspectives.

Shivu Srinivasan‘s first deal was a multi-family property located on Regent Street in Alameda for $1,400,000. He “represented both the buyer and seller in this off-market transaction. The transaction is only one of three ever recorded in the city of Alameda to sell at or over $280,000 per unit. This was an excellent opportunity to acquire a stable asset  with high rental upside and a market CAP of 5.42%.”

After beginning his career as a commercial analyst with the U.S. the Department of Commerce, Shivu began working for the sales team at LoopNet, CoStar’s marketing platform, immediately establishing himself as the top producer. As a resident of the Bay Area for 7 years, he has an intimate knowledge of the regional market.

Congrats on your first deals at NAI! Interested in a career at NAI Northern California? Click here for more information.