We Buy Commercial.com Any Type of Commercial Properties
In this stressed economic climate, owners are choosing to liquidate some of their real estate and we are actively seeking to purchase these opportunities.
We Buy Commercial announces the launch of our Property Acquisitions Fund. The focus of this fund is simple: to work with principals, institutions, banks, mortgage lenders and real estate brokerage companies to acquire opportunities in real estate.
With years of real estate performance from successful transactions to closings, we offer a team of professionals that have the expertise and resources to move quickly on favorable real estate. www.WeBuyCommercial.com
Acquisition Criteria
We Buy Commercial is seeking acquisitions in retail, industrial, residential/apartments, multi family, hospitality and office properties with a strong ‘value-added’ component. We will also purchase vacant properties. Our yield objectives are investments with strong upside potential.
The favored structure for acquisition is all cash, assumable financing or owner financing with a minimum transaction size of $100,000 and maximum value of $50 million.Properties preferred are well located in major metropolitan areas, secondary markets and areas with a minimum population of 50,000.
We require complete, reliable information in order to respond. Brokers will be protected, but we cannot recognize improper submissions. We take pride in our quick response on all proposals. Submissions should include:
Physical location, map, description of trade and current demographics
Site plan along with pictures of property
Income and expense statements as it relates to the property
Tenant information and financials, if available
Targeted Markets
Our targeted market area is the East Coast of the United States with a focus on Florida. We will entertain acquisitions outside of our stated targeted markets if the real estate is attractive enough to warrant pursuit.
Strength Experience PerformanceWe are prepared to close quickly on acquisitions of qualified properties, typically by all-cash transactions with no mortgage contingencies.
We Buy Commercial, has extensive real estate experience, relationships and performance gained over the past years of successful commercial real estate achievements. During its history, We Buy Commercial has acquired thousands square feet of medical office, professional office, industrial, elderly housing and multifamily developments in the eastern United States.
Confidentiality
Confidentiality is a hallmark of the real estate transaction process with We Buy Commercial. If you know of or have a potential real estate acquisition candidate or property, we would like to talk to you and discuss further details.
If this opportunity is of interest to you, please contact:
Robert A Meneses, P.A. Luciano H . RAPPA, P.A.
Principal Principal
Phone: (305) 500-5554
All calls will be handled with the utmost confidentiality and we will sign a NDCA.
Monday, July 27, 2009
Thursday, July 16, 2009
One Flagler Faces Foreclosure
One Flagler Faces Foreclosure: "One Flagler Building
MIAMI-The South Florida Business Journal reports Mellon United National Bank, a subsidiary of Bank of New York Mellon, filed foreclosure against the 142,343-square-foot One Flagler office building. The action comes less than four years after Nexus Development Group bought the building to renovate it and sell as office condos.
The article noted that Mellon United filed a notice of foreclosure last month against Nexus Development. The developer owes just under $33 million on the asset at 14 NE First Ave. and hasn't made payments since January 10, according to the complaint. A working phone number and e-mail address for Nexus Development could not be found, and Mellon United's attorney Mark Dikeman could not be reached for comment.
Locally based Nexus Development bought the 14-story One Flagler, formerly known as the Israeli Discount Building, in December 2005, Nexus Development paid $20 million for the asset, which was then around 50% occupied, and had plans to convert the more than 50-year-old building into office condominiums.
Sources talking to GlobeSt.com at the time felt the office market would continue to tighten and market fundamentals would improve, thus making office condos a viable real estate product. In September 2007, Nexus Development secured the $30 million loan from Mellon United for acquisition and conversion costs, anticipating the renovation would be completed by fall 2008."
MIAMI-The South Florida Business Journal reports Mellon United National Bank, a subsidiary of Bank of New York Mellon, filed foreclosure against the 142,343-square-foot One Flagler office building. The action comes less than four years after Nexus Development Group bought the building to renovate it and sell as office condos.
The article noted that Mellon United filed a notice of foreclosure last month against Nexus Development. The developer owes just under $33 million on the asset at 14 NE First Ave. and hasn't made payments since January 10, according to the complaint. A working phone number and e-mail address for Nexus Development could not be found, and Mellon United's attorney Mark Dikeman could not be reached for comment.
Locally based Nexus Development bought the 14-story One Flagler, formerly known as the Israeli Discount Building, in December 2005, Nexus Development paid $20 million for the asset, which was then around 50% occupied, and had plans to convert the more than 50-year-old building into office condominiums.
Sources talking to GlobeSt.com at the time felt the office market would continue to tighten and market fundamentals would improve, thus making office condos a viable real estate product. In September 2007, Nexus Development secured the $30 million loan from Mellon United for acquisition and conversion costs, anticipating the renovation would be completed by fall 2008."
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