Is commercial property (a bank as tenant) a decent investment in rancho cucamonga?

Chase bank in an Industrial Park, 10 yrs lease with options to follow. 2005 Building
Between Millikin and Foothill.
In Buying Property - Asked by rosa w. - Mar 24, 2009
Report Abuse
Answer this Question

Answer(s)

Jan W.
Broker/Agent
Tacoma, WA

Hi Rosa,
A bank such as Chase with a long-term lease (10 years + option) is always a good tenant to have so long as they don't have an exit clause in the lease. Bank leases usually have small rent bumps, i.e. small upside, so you just have to weigh your goals, such as: how long are you planning to hold the property, is there development potential that you might miss out on by being locked into the lease, etc.
There are some very good deals in commercial real estate in Washington State right now and prices are generally more competitive and CAP rates are higher than in California. Also, there is no state income tax in Washington, so if you are in the market for income property and would be willing to consider the Seattle area give me a call.
Jan H. Williams, CCIM
253-861-5525
jwilliams@cascadiacommercial.com

Mar 25, 2009
Report Abuse
Paul S.
Broker/Agent
Glendora, CA

Rosa
Single tenant properties always carry the risk of the loss of the tenant. As we have seen recently no matter how big the company is it can fail. The key to single tenant purchases is to do your due dilligence.
I am in Southern California (Glendora) and specialize in triple-net single tenant investments. To give you a full answer to your question would take hours of typing (which I am not very good at). I would be happy to speak with you to answer your questions and maybe raise some you should consider when purchasing a single tenant property.
Keep in mind Chase just took over Washington Mutual which may mean they will be closing some sites. You don't want to purchase something only to have it go dark soon.
I would like to speak with you. My number is 626 485-5163.
Sincerely,
Paul Sylvester, CCIM

Mar 26, 2009
Report Abuse
Tom N.
Broker/Agent
Irvine, CA

Depends on many factors including Cap rate, Credit of Tenant, Amount of TIs invested (so hard to walk away), Price/SF, Land Size, and growth of the area. Also you have to compare with other opportunities that may be a better fit for your investment criteria. If you need to discuss email: tnguyen@naicapital.com
Tom Nguyen, Esq.

Apr 1, 2009
Report Abuse
Tai L.
Broker/Agent
San Diego, CA

I just moved from Rancho Cucamonga, what a coincidence. I believe that is on the border of Rancho and Ontario. Ontario Mill is down the street. BofA is on Archibald and Foothill. Wal-mart, target, best buy, pretty much all the major anchor retails are in the nearby area. How's the access and visible?

May 22, 2009
Report Abuse

Welcome to Answers

LoopNet Answers is where the commercial real estate community shares what they know to help each other out. And it's all for free.

Ask a question to get advice from brokers, investors, professionals and local experts.

Answer questions to raise your visibility as a trusted advisor and build new relationships.

Ask a Question

Post Question