{"id":9694,"date":"2023-05-31T04:46:46","date_gmt":"2023-05-31T12:46:46","guid":{"rendered":"https:\/\/bmcre.freewebsite.org.in\/wp1\/?page_id=9694"},"modified":"2023-06-05T04:55:22","modified_gmt":"2023-06-05T12:55:22","slug":"17189-yuma-street-victorville-ca-92395","status":"publish","type":"page","link":"https:\/\/bmcre.freewebsite.org.in\/wp1\/case-studies\/bank-owned-properties\/17189-yuma-street-victorville-ca-92395\/","title":{"rendered":"17189 Yuma Street Victorville CA 92395"},"content":{"rendered":"\t\t
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Simultaneously Sold Foreclosure Industrial\/Flex-space to Investor with National Tenant <\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Challenges:<\/strong><\/p>

  • Represented Bank and Sold REO Commercial property for top dollar within specified timeframe to Investor.<\/span>\u00a0<\/span><\/li>
  • Represented Investor in the purchase of a secured leased building.<\/span>\u00a0<\/span><\/li>
  • Represented both the Investor (now landlord) and National Occupier in a long-term lease.<\/span>\u00a0<\/span><\/li><\/ul><\/div>
    • Meet the bank\u2019s requirements regarding disposing of the property within the particular timeframe and for the market\u2019s best and highest value.<\/span>\u00a0<\/span><\/li><\/ul><\/div>

      The +22k sq. ft. industrial\/flex-space building was custom-built and used primarily for the builder\u2019s\u00a0 construction business and personal use. In the down market, there were no buyers attracted to utilize the space as an owner-user. The following were the conditional challenges:<\/span>\u00a0<\/span><\/p>

      • Work congenially with the then-current occupant (the occupant was an owner-user builder) to have company\u2019s staff cooperation while marketing\/showing the property. Subsequently, have all personnel and equipment or personal items vacate premises in a timely manner without incurring damage to the property.<\/span>\u00a0<\/span><\/li>
      • Secure a patient buyer.<\/span>\u00a0<\/span><\/li><\/ul><\/div>

        Solutions:\u00a0<\/strong><\/p>

        Utilizing our personal network and market knowledge, we learned of a local national occupier needing larger office and industrial space with particular ingress\/egress for annual distributing activities. During this annual event, they would distribute product to all their suppliers within the San Bernardino County. San Bernardino County is the largest county in the United States.<\/span>\u00a0<\/span><\/p>

        We secured the national tenant\u2019s lease with the investor purchasing the foreclosed property all within each respective party\u2019s timeframe.<\/span>\u00a0<\/span><\/p>

        Results:\u00a0<\/strong><\/p>

        • Represented Bank and Sold REO Commercial property for top dollar within specified timeframe to Investor.<\/span>\u00a0<\/span><\/li>
        • Represented Investor in the purchase of a secured leased building.<\/span>\u00a0<\/span><\/li>
        • Represented both the Investor (now landlord) and National Occupier in a long-term lease.<\/span>\u00a0<\/span><\/li><\/ul>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

          Simultaneously Sold Foreclosure Industrial\/Flex-space to Investor with National Tenant Challenges: Represented Bank and Sold REO Commercial property for top dollar within specified timeframe to Investor.\u00a0 Represented Investor in the purchase of a secured leased building.\u00a0 Represented both the Investor (now landlord) and National Occupier in a long-term lease.\u00a0 Meet the bank\u2019s requirements regarding disposing of the property within the particular timeframe and for the market\u2019s best and highest value.\u00a0 The +22k sq. ft. industrial\/flex-space building was custom-built and used primarily for the builder\u2019s\u00a0 construction business and personal use. In the down market, there were no buyers attracted to utilize the space as an owner-user. The following were the conditional challenges:\u00a0 Work congenially with the then-current occupant (the occupant was an owner-user builder) to have company\u2019s staff cooperation while marketing\/showing the property. Subsequently, have all personnel and equipment or personal items vacate premises in a timely manner without incurring damage to the property.\u00a0 Secure a patient buyer.\u00a0 Solutions:\u00a0 Utilizing our personal network and market knowledge, we learned of a local national occupier needing larger office and industrial space with particular ingress\/egress for annual distributing activities. During this annual event, they would distribute product to all their suppliers within the San Bernardino County. San Bernardino County is the largest county in the United States.\u00a0 We secured the national tenant\u2019s lease with the investor purchasing the foreclosed property all within each respective party\u2019s timeframe.\u00a0 Results:\u00a0 Represented Bank and Sold REO Commercial property for top dollar within specified timeframe to Investor.\u00a0 Represented Investor in the purchase of a secured leased building.\u00a0 Represented both the Investor (now landlord) and National Occupier in a long-term lease.\u00a0<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":9393,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-9694","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/bmcre.freewebsite.org.in\/wp1\/wp-json\/wp\/v2\/pages\/9694","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bmcre.freewebsite.org.in\/wp1\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/bmcre.freewebsite.org.in\/wp1\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/bmcre.freewebsite.org.in\/wp1\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bmcre.freewebsite.org.in\/wp1\/wp-json\/wp\/v2\/comments?post=9694"}],"version-history":[{"count":14,"href":"https:\/\/bmcre.freewebsite.org.in\/wp1\/wp-json\/wp\/v2\/pages\/9694\/revisions"}],"predecessor-version":[{"id":9710,"href":"https:\/\/bmcre.freewebsite.org.in\/wp1\/wp-json\/wp\/v2\/pages\/9694\/revisions\/9710"}],"up":[{"embeddable":true,"href":"https:\/\/bmcre.freewebsite.org.in\/wp1\/wp-json\/wp\/v2\/pages\/9393"}],"wp:attachment":[{"href":"https:\/\/bmcre.freewebsite.org.in\/wp1\/wp-json\/wp\/v2\/media?parent=9694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}