All Forum Posts by: Benjamin Nichols

Welcome @Paula R.! I live about 45 min south of Cambria in Arroyo Grande! 

I've stayed at the Cambria Shores Inn many times!

Looking for 50+ units or possibly a couple of 30+ unit buildings for an exchange client out of California!

Let me know :)

All info will be kept confidential! Thank you!

My firm has a client looking to exchange from California to Denver. Can buy anywhere between $9M - $15M building. Not a rehab buyer, but will look at properties that need to be re-positioned, rent increased, etc; or properties that need no work will be looked at too. 

Serious inquiries only, please. Thank you. 

 - Ben

Hello all,

So let's see if this works and we can do a deal through BiggerPockets!

We have a client exchanging out of California and wants to go to Denver (has family there and may move there, but definitely wants to buy there). $9 million - $15 million, around a 5-6% CAP on about 45% expenses, including vacancy. Will look at value adds, but not rehabs -- would prefer a nice property that doesn't need a lot of work.

Might also be interested in multiple smaller properties with the same stipulations. 

@Caleb Krumheuer, glad to see another SLO County member on here! 

My name is Ben Nichols and I'm a commercial sales agent based in Arroyo Grande. My firm works all throughout SLO County and we specialize in brokering apartment building sales. Shoot me an email at [email protected] or a Colleague Chat on here and we can talk about the SLO market!

Have a good one!

 - Ben

Hey Matthew, glad you made it to BP. I work for Torelli Investment Realty in Arroyo Grande and we specialize in helping people buy and sell multi family properties from 3 units all the way up to high as one would like to go. We've done 100+ unit buildings.

Contact me anytime if you'd like to start looking for some investment properties or a single family home for yourself or if you would like some information about us, the market or anything real estate related you can think of. 

Have a good one!

 - Ben

@Darrin Carey vacancy rate - 36%

@Darrin Carey 

19 units are shells and need work to become rent ready. The PM there says he can do it for less than $1,000 each and has made a few rent ready with that figure. But, we have other professionals there say it's more like $3K-$5K each legally with permits, etc. 

1 unit is ready to go, waiting for a tenant.

35 are occupied. 

So, 35 out of 55 currently - 64%

@Darrin Carey 

Thanks for the input! Yes, it was under contract but the agent she employed to handle it now has a fraud suit against him from another party. 

The buyer who was at the table wanted a loan and with the vacancies, a loan can't be obtained so this is an all cash deal. So after that fell apart and the agent received a suit against him, she dropped him and employed us. 

As always, buyer due diligence is a must. 

Thanks again, Darrin. 

@Account Closed 

Yes, the infamous Colonial Village! Guys, DM me for info and a marketing package on the property. You're probably wondering why our firm in California is listing an Ohio property. We sold a property for this seller in California and she wanted us to take over the duties on this one as well. We are cooperating with a local Ohio broker per Ohio Real Estate Laws. 

Looking for an all cash quick close so price is negotiable.