5.18 Acre Land Lot + Rental House
$740/mo. Rental Income
C1/CP Zoning (mixed uses)
near Morongo Resort & Casino
*Will consider long term lease of subject property or seller carryback of 50% to a qualified buyer on acceptable offer.
Price REDUCED TO $749K. PLEASE GET YOUR OFFERS IN BY 9-26-14 AT NOON. TERMS AVAILABLE @ 55% DN
Viking Weekly Newsletter
Property Values Hold Steady in July
By Carrie Rossenfeld | Orange County Last Updated: August 8, 2014 10:21am ET
NEWPORT BEACH, CA--Commercial property prices remain strong as interest rates remain low, according to Green Street Advisors Inc. The independent research, trading and consulting firm reports that its commercial property price index was unchanged in July, staying on the same robust track it has been on for several months.
Values are now at or above 2007 highs in nearly every major property sector, the firm found, having a compression effect on cap rates. “Property pricing continues to be strong, as buyers continue to push cap rates lower,” says Peter Rothemund, an analyst at Green Street. “And who can blame them? Low interest rates across the capital markets make real estate returns look rather compelling to today’s property investor.”
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