Gens Johnson asked me to join with her on her podcast to talk about the truth of real estate investing.
Watch the video below and make sure you comment to let us know your wisdom about real estate investing.
SLO Apartments
My first sale:
- 1050 Foothill Blvd
- They were called Foothill Apts in 1977
- San Luis Obispo, CA
- 21 units
- $1.5M
Perch Bar
- (still listed as one of the top 5 go-to restaurant destinations in Los Angeles)
- “Keeping Up With The Kardashians” reality show is filmed here regularly
- Sale: Build to Suit – 15th and 16th floor were added to this Historical Building on 4th Street in Los Angeles
- Construction cost – $8.5M
- Build time 15 months
- Lease: Restaurant and Bar called Perch
- NNN Lease
- 10,000 sf for each floor (total 20,000 sf)
- 12 year lease
- Most expensive lease price in LA at the time – price undisclosed
Perch Bar
- (still listed as one of the top 5 go-to restaurant destinations in Los Angeles)
- “Keeping Up With The Kardashians” reality show is filmed here regularly
- Sale: Build to Suit – 15th and 16th floor were added to this Historical Building on 4th Street in Los Angeles
- Construction cost – $8.5M
- Build time 15 months
- Lease: Restaurant and Bar called Perch
- NNN Lease
- 10,000 sf for each floor (total 20,000 sf)
- 12 year lease
- Most expensive lease price in LA at the time – price undisclosed
Petco Lease
- Sale: Petco building, standalone (not in strip center-exterior and interior shell only, no finish out)
- Rear loading dock with dock-high access
- 60,000 sf
- $2.3M
- Lease: Petco building lease
- NNN
- 20 year, $15.50/sf
- 60,000 sf
- Finish out allowance, $45/sf
Newport Beach Condos converted to Apartments
- (red roofs you see in picture)
- Sale: 1031 Tax Free Exchange
- Existing structure, condos treated as apartments for exchange
- 157 units
- $27.5M
- Harbor view escalated market value
Taco Bell International Headquarters
- Lease space and tenant finish out – 5 product test kitchens
- NNN
- Existing structure
- 7 year lease, $29.75/ft
- Finish out allowance, $62/sf
Retail Strip Center
- Build to Suit
- 8 month build time
- Total floorplan footprint 55,000 sf
- Developer provided asphalt parking lot area, curbs and sidewalks
Vacation Home, Laguna Beach
- 1031 Tax Free Exchange
- 8,500 sf
- Full amenity package
- $23.675M
Vacation Home with Helicopter Pad
- 1031 Tax Free Exchange
- 14,375 sf
- Full amenity package including Helicopter and Helicopter Pad
- Price Undisclosed
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