La Mesa Development Site -- C-2 Commercial zoning, 22,500 square foot project, - Great Corner Location; possible Corporate Headquarters site; high visibility next to Trolley; downtown La Mesa with easy access to I-8 and I-94; owner may consider Joint Venture on the 'right project'; current use as retail/whse. helps off-set holding costs. Call for details.
Escondido Office/Retail center ; approximately 23,000 square feet; Great central location; current cap on GSI @ 9.6% (rent hasn't been raised since late 1980's). With normalized rents, upside of approximately 15%; asking $1,800,000.
Fishing & Vacation Lodge - Premier fishing lodge & destination resort, located in the scenic beauty of the Queen Charlotte Islands, one and one-half hour north (by plane) of Vancouver Island in British Columbia. The 5 year old lodge has been fully booked for the year prior to its early spring opening. This resort delivers a combination of luxurious amenities in a pristine old growth forest setting; and unparalleled fishing enjoyment in North America's richest salmon and halibut waters. While this lodge is undoubtedly the finest fishing resort on the west coast, it also has excellent potential for expansion as an eco-destination center. Asking Price $6,000,000 - (18%+ CAP Rate, based on 1995 NOI) Proforma information and full package available on request.
310 Acre Golf Course Development Site - near Mt. Vernon, Washington. On I-5 (just over one hour from Vancouver, B.C. and one hour to Seattle) and across the freeway from the new Harrah's Casino open since December 1995. Superb topography for a championship 18 hole course. The golf course has a development permit approved, along with 75 residential units and the last golf course water rights approved by Washington State, and grandfathered sewer hook-ups in place. Spectacular development potential (Site has a mile of freeway frontage) with water and Cascade mountain views. Price $2,750,000. Brochure available to qualified parties.
Data used in this publication is from sources deemed reliable, but is not guaranteed by James D. Walters, CCIM. This information is intended only to assist in identifying prospective investment properties in the marketplace, but does not in any respect guarantee performance to the stated (projected) criteria, and is subject to price change, corrections, errors, omissions, sale and withdrawal.
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2006 by James D. Walters, CCIM return to home page
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