Types of Commercial Real Estate

Serving Santa Barbara, Ventura & San Luis Obispo Counties

April 20, 2018

Benefits of Being a Retail Leasing Specialist 

 

There are five types of commercial property: retail properties, office properties, industrial properties, multifamily properties and investment properties.  In the business world, brokers usually specialize in one or another of these.  Often smaller communities have their share of local brokers who specialize in everything but limit their territorial scope.

Conventional wisdom says that selecting a brokerage specialist is the best way for an owner to maximize value.  And there are many benefits to doing so.  Retail specialists approach the task holistically, meaning we bring our entire arsenal of creativity, tenant relationships and knowledge, tenant broker knowledge and local jurisdictional experience to bear.  We know which tenants are expanding, and which aren’t.  And we understand the business points in the lease that a retailer will attempt to negotiate.

Commercial brokerage is hard, complicated work.  But we at GPS relish the challenges and enjoy the personal satisfaction of assisting clients to service the public.  Everyone knows we’re at an inflection point: retail is changing.  There are those who are frightened by these changes.  But we at GPS don’t see change as fearful, but as exciting.


The Types of Commercial Real Estate

 

1.  Retail

  • Can range in size from small neighborhood shopping centers to large regional malls plus free-standing buildings
  • Mix of national and regional and local users in all markets
  • Influenced greatly by the national economy but also local factors like the property location, traffic flow, and population demographics

 

2. Office

  • Can range from large multi-tenant deals to smaller single-tenant deals
  • Most tend to be Long-term leases due to high cost of improvements so big changes in rental rates and large costs can occur when leases expire
  • Leases have special features that are specialized for the businesses

 

3. Industrial

  • Involves deals with manufacturing facilities, warehouses, research, development spaces
  • Not as much influenced by local trends but more by large economic trends like global trade growth
  • Normally occupied by one tenant – lack of diversity could become an investment risk
  • Long-term lease that can fall behind the market and lead to large changes in lease rates

 

4. MultiFamily

  • Deals with properties such as apartment complexes
  • Population demographics, local employment growth, and household formation rates can drive and affect the success of this market
  • Short leases that easily adjust to the market
  • More defensive investment type

 

5. Investments

  • Can be NNN leased investments
  • Can range from large multi-tenant investments to smaller single-tenant investments
  • Investments can be Retail, Office, Industrial, and Multi-Family transactions

 


For more information about this topic or any other of our blog posts, please contact:

Pamela Scott | 805.560.0040 | pscott@gpscre.com

2021 N. Oxnard Blvd, Oxnard, CA 93036

 

Serving Santa Barbara, Ventura & San Luis Obispo Counties

April 13, 2018 

End Cap Space Available

Adjacent to Smart & Final

Across the street from Lowe’s

Pylon Signage

2021 N. Oxnard Blvd. | Oxnard, CA 93036

Available for sublease is a prominent end cap space, immediately adjacent to Smart & Final Extra!’s newly expanded store in Lemon Grove Plaza in Oxnard. The space is highly visible with both fascia and pylon signage. Ingress and egress to the center are signalized. Excellent parking is available in front of the premises. Lowes is directly across the street. Lemon Grove Plaza is an excellent neighborhood center located within a heavily populated trade area, with a strong daytime population. It has close proximity to other retailers as well as Oxnard’s Financial Plaza Complex.

$15.00/sf NNN = approx. $0.50/sf

Zoning: C2PD

Total SF: 10,500

APN: 139-0-070-870

Parking: Shared

Signage: Pylon, Monument, Fascia

“We put the client first”

If you would like more information about this topic, please contact Pamela Scott at

(805) 560-0040 or email at pscott@gpscre.com.

For all our recent blog posts, please visit www.gpscre.com/blog.

 

3042 Industrial Parkway, Santa Maria, CA 93455

 

Serving Santa Barbara, Ventura & San Luis Obispo Counties

April 4, 2018

   Industrial Building for lease

* Dock-high and ground level loading

* 800 AMPS, 120/240/480 volts, 3 phase power

* Light Manufacturing Zoning/$0.65 PSF Gross

3042 Industrial Parkway | Santa Maria, CA 93455

GPS Commercial Real Estate Services, Inc. is proud to present this state of the art 20,162 sf building with excellent loading and 24′ clearance hight in Santa Maria, CA!

Rental Rate:  $0.65/sf Gross

Available Now!

Building Size:  20,162 sq. ft.

Lot Size (Acres):  5.8

Clearance Height:  24 feet

Power:  800 Amps of 120/240/480 Volts

Zoning:  Light manufacturing

Features: dock-high and ground level loading

2 restrooms

Small managers office

Parking available all around the building

“We put the client first”

If you would like more information about this topic, please contact Al Segal at

(805) 478-7378​ or email asegal@gpscre.com

For all our recent blog posts, please visit www.gpscre.com/blog.

 

7-11 Happenings in Tri-County

 

Serving Santa Barbara, Ventura & San Luis Obispo Counties

March 8, 2018

7-Eleven Opening Stores and Gas Stations

 

7-Eleven Corporate – The world’s largest operator of retail convenience stores since 1927, with close to 50,000 stores worldwide, is rapidly expanding and opening stores and gas stations in Santa Barbara, Ventura, or San Luis Obispo counties.

5342 Hollister Ave. Goleta (c-store)

505 N. Ventura Rd. Ventura (c-store) – pictured above

2543 Royal Ave., Simi Valley (gas with c-store)

7-ELEVEN IS SEEKING MORE LOCATIONS

SITE CRITERIA

*  Santa Barbara, Ventura, San Luis Obispo counties

* Open to Purchase (land, building or business with a liquor license), Ground Lease, Lease, or Build to Suit or Remodels

* Pad Size: 20,000 to 50,000 SF

* Store Size: 2,400 to 3,200 SF

* End Caps, Freestanding, Fuel Stations, Urban Storefront Locations and Existing Liquor Stores

CONTACT

Pamela Scott

President 

GPS Commercial Real Estate Services

805.729.1706

pscott@gpscre.com

Lic# 00705034

www.gpscre.com

Check out the NEWEST 7-Eleven location on Ventura Ave. in Ventura

“Ground Broken” on Furukawa Development

 

Serving Santa Barbara, Ventura & San Luis Obispo Counties

March 16, 2018

   “Ground Broken” on Furukawa Development

* 25,562 sq. ft./30 ft. Clearance Height

* 5 Dock High Doors and Ground Level Loading

* M-2 Zoning/$0.65 PSF N.N.N./ 3rd Quarter Occupancy

1267 Furukawa Way | Santa Maria, CA 93458

GPS Commercial Real Estate Services, Inc. is proud to present this incredible opportunity to lease 25,000 sf in Santa Maria, CA.

Rental Rate:  $0.65/sf Net=+/-$.10/sf

Occupancy:  Approx. 2nd qtr. 2018

Building Size:  25,562 sq. ft.

Lot Size (Acres):  4.86

Clearance Height:  30 feet

Power:  800 Amps of 480 Volts

Zoning:  PD M-2

Features:  5 dock high doors / 1 ground level forklift ramp

“We put the client first”

If you would like more information about this topic, please contact Al Segal at

(805) 478-7378​ or email asegal@gpscre.com

For all our recent blog posts, please visit www.gpscre.com/blog.

 

PRICE REDUCED | 2380 Lillie Ave, Summerland, CA

 

Serving Santa Barbara, Ventura & San Luis Obispo Counties

Febraury 27, 2017

8 Unit Multi-Family Property Near Beach

 

PRICE REDUCED: $3,200,000

 

2380 Lillie Ave, Summerland, CA 93067

 

 

GPS Commercial Real Estate Services, Inc. is proud to present this incredible opportunity to purchase 8-units in Summerland, CA.

 

GPS Commercial Real Estate Services is pleased to exclusively present this opportunity to acquire 100% fee interest in a small apartment complex in the southern California beach community of Summerland, just south of Santa Barbara and Montecito. This irreplaceable property consists of 5 buildings and holds 8 units, one is currently operated on a commercial basis. Five of the eight units have ocean views.  The units are in good condition and the location near the beach and services will accommodate a substantial upgrade to achieve maximum rents.

The unique property is well located along Lillie Ave. immediately off Highway 101 which runs parallel to the commercial corridor of Summerland. Immediately south of Montecito and just a few miles from Santa Barbara, as well as a few hundred feet from Lookout Park and Summerland Beach, makes this location unforgettable and intriguing.

The surrounding area has an affluent demographic profile with the population of Summerland having an average household income of $109,000/yr.

Investment Highlights:
LOCATION!
LOCATION!
LOCATION!
Beach Community
Potential Upside
Accessibility to Services
Tourist Area
Ocean views from 5 units

 

 

“We put the client first”

If you would like more information about this topic, please contact Pamela Scott at (805) 560-0040 or email at pscott@gpscre.com.

For all our recent blog posts please visit www.gpscre.com/blog.