Showing posts with label Net Lease Investments. Show all posts
Showing posts with label Net Lease Investments. Show all posts

Tuesday, December 1, 2015

Out of State Brokers only "think" they know Las Vegas!

Having lived and worked here since 1995, I have learned a thing or two about how 'business' gets done in this particular neighborhood of the country called Las Vegas!

One thing: Las Vegas commercial real estate (CRE) requires that you build a client base. So, in the 19 plus years of working and living in Las Vegas, I have developed relationships with 'key' people who will help me help you.

Thus, this gives me the advantage that you need IF you are truly interested in acquiring a Las Vegas Resort Casino. Knowing who the 'key' person to approach requires an important decision on your part: Go it alone; employee an out of state broker and see what happens; OR sign me up to help you get to those 'key' people.

Now, most Resorts in general do NOT want to even deal with Real Estate Brokers at all. They think 'brokers' are an unnecessary element that just gets in their way.  I understand their plight.  I have seen, first hand, Real Estate Brokers  -- some from half way around the world -- way over-charge their Buyer clients simply because the Broker thinks the information they have (usually a rumor about what is for sale) is worth more than it actually is.

And, because those Brokers think they are special, that is the key to my success.

Yes. I know which Resort Casino properties are truly being considered for sale!

And, "Yes!" I know the 'key' people to contact at those properties.

And, unfortunately, just as the other Brokers, the key element involved requires you -- as the Buyer -- to compensate me.  BUT, that is where the difference lies between me and them.  I actually know what is going on and the advantages of that, is what makes me worthy of being hired by you rather than the real estate broker from Los Angeles, San Francisco, or even New York.  And, yes, I ask for a 1% commission fee.  But, just as everything else in life, I am flexible.

Recently, a CA Broker told me that he has a Buyer from the South Pacific rim who wants to acquire a Las Vegas Resort Casino AND he is willing to pay him a ridiculously high fee demand of 3%!

I'm sorry. But, I do NOT know of any Buyer who is that ready, willing and able to pay a 3% fee on a $1 Billion dollar property. How much is that? $30 Million?!

Given that Resort Casino prices are mostly in the hundreds of millions, my charging 1% fee can be too much, too. So, I am willing to be compensated on a flat fee.

Now, please be aware of Broker Chains. This is where two or more Brokers want a piece of the commission pie simply because they learned that a buyer - such as yourself - has made it known that you want to Buy a Las Vegas Resort.  These Brokers feel that they are due a larger piece simply for only referring you to me -- which is usually too high. So, ask yourself: Is it truly worth their demand for more money just because they passed along a Buyer client's name or telephone number to me.

IF you did a little more research, you would have stumbled upon me.  Thus giving you access to the seller directly.

I truly do NOT want to be a a part of these broker chains.

However, IF you are truly interested in acquiring a Las Vegas Resort Casino property, please forgo the Broker chain, and sign with me directly as your Broker. And, "Yes!" that requires an officer of your corporation duly authorized to sign a Non Circumvent Commission Agreement that you will compensate me directly from Escrow upon the Close of Escrow or the Sale of the subject Resort Casino Property!

But, remember, I do know which Resort property(s) are actually for sale. Signing up with me to represent you doesn't mean a deal will get down. That could take time and effort on your part. And, of course, there are attorneys involved. But you will actually get closer to submitting an LOI or Offer to the correct person; which gets you closer to Resort Casino Ownership; which with my help -- and you compensating me a fee to represent you -- is a small price to pay for a Resort Casino property Ownership.

Lastly, ALL interested parties will have to disclose their financial capabilities to me. That way, I know upfront that you are able to complete a purchase prior to making an offer. And getting that LOI or Offer with the appropriate financial qualifying paperwork to the 'key' person, protects my reputation as a Real Estate Broker and will allow them to know that YOU are qualified to Buy.

I appreciate your patience and tolerance in the matter.

For Information about Las Vegas Commercial Real Estate Investment Property, contact David Howes at: davidAtdavidhowesDOTnet OR 70 25 01 93 88

Saturday, December 8, 2012

Las Vegas "Strip" Property Available For Sale!

There have been a lot of 'hits' on my web site about Las Vegas Casino Properties.  Several even have been searching for "Strip" land.

Fortunately, i do know of a property located on the "Las Vegas Strip" that is For Sale.  (And, I am direct to the owner, too!)

For you first time Las Vegas Casino Property Buyers, the price will seem too high at first.  However, since the property falls under the Clark County Gaming Overlay; and, it is located within the "Resort Corridor," the Owner is being smart in their pricing.

And, the best part of this is: The Owner agreed to compensate me for procuring a Buyer. (This is a very, very rare occurrence when it comes to Las Vegas Strip properties.)

The property is large and will allow for +/-10,000 rooms, a Retail Mall, and has enough frontage along the "Strip" for restaurants or retail shops.  Also, this property is properly located amongst other properties that are all earning +$100 Million in EBITDA annually.

The Non-Circumvent Agreement -- located in the right hand column under Las Vegas Casino Information -- needs to be printed, filled out completely and emailed back to me.  This is necessary so that everyone stays honest with each other.

I have a 1% Fee in there because if this property doesn't fit your acquisition criteria, I would be able to find you another without hesitation.

For more Information about any Las Vegas Resort, Hospitality, Gaming, Commercial Investment Real Estate Property, contact David Howes at: david AT davidhowes DOT net OR 70 25 01 93 88!

Friday, July 20, 2012

Las Vegas Free Standing Restaurant offered at +/-8.4% Cap Rate!

This is NOT going to Last!

This may or may not be your cup of tea, but it is an investment worth a second look.

Popular China Star Restaurant located on Craig Road and very, very near a Walmart Superstore.

Investment Summary:

Offering Price:                $1,990,000
NOI:                                $166,320
Cap Rate:                       8.36%
Lease Term Remaining: 10 Years (This is excellent for a free standing investment.)

Location:                         1075 W. Craig Road, North Las Vegas, NV 89032
        Home Depot Anchored Shopping Center Pad

Sale Highlights

•             Safe and Secure Investment:  Tenant has been at this location since the property                 was built in 2007
•             NNN Lease (No Landlord Responsibilities)
•             Over 10 years remaining on their initial lease term
•             Home Depot Outparcel: Located in a very busy retail district
•             Adjacent to Revere Marketplace, which is anchored by Home Depot, PetSmart,                     and Office Depot.
   This has excellent exposure on high traffic Craig Road -- which is one of the busiest               east/west thoroughfares in the Las Vegas MSA.
   Shopping Center has its own signalized intersection!



Google Earth the site’s address to see the surrounding amenities/properties.


For more Information about Las Vegas Commercial Investment Real Estate Property, contact David Howes at: davidATdavidhowesDOTnet OR 70 25 01 93 88