Candice A Donofrio 928-201-4BHC (4242) call/text

Marcus and Millichap's 2011 Executive Summary indicated second-tier recovery in the Phoenix commercial real estate market by year's end. That's also good news for commercial real estate in Bullhead City, Fort Mohave and Mohave Valley, as Mohave County has historically trailed the Phoenix market by six months or so.

The CCIM Institute's Commercial Investment Real Estate Magazine's July/August 2011 edition had a great article about how savvy commercial real estate investors are getting into land purchases now, while prices are at rock-bottom and there are deals to be made.

In the article, a chart shows a 3 year negative trend in land purchases 2.5m + is appearing to reverse.

Might we have seen the bottom?

It's worth perusing for Arizona real estate investors sifting through opportunities.

If you have cash (financing is tough), take a look at our commercial land on the Colorado River.

The prices are amazing . . . and most of our offerings are available with seller terms to further leverage your investment.

Here's what's currently available.

Give us a shout or drop a line if you'd like more info or assistance.

DISCLAIMER: NWREI and I do not presume to give investment advice, nor make any representations as to the suitability of an investment for your situation. There is always risk.

Blood Orange Project - Battle Of The Bands - Aquarius Resort, Laughlin - River Run 2011

Be SURE to attend the 2011 River Run's Battle Of The Bands - one of the finalists will be

Blood Orange Project's Artist Bio from their Reverbnation page:

The Blood Orange Project are 'spiritual warriors'. Musicians and composers on the forefront working with the cosmic music of Light! A five piece band that sounds like a 150 piece orchestra. Powerful, Progressive, Melodic and BIG! Mind Bending Original music mixed with classic deep cuts from Pink Floyd, Deep Purple, The Doors, The Moody Blues and more! A sound that crosses all age groups and demographics. Recommended ages 11-91. The Band has recently started promoting their live show after 3 years in the studio and countless hours of rehearsal, this is a show worth seeing!

The members of The Blood Orange Project are:

The Famous Shredder, aka my husband Clayton, lead guitar is second from right. Keyboardist/producer Paul Fix,, at far right, is my client of 9 years. I introduced them 5 years ago. They met lyricist/vocalist/keyboardist Dave (center), owner of KTOX 1340 in Needles CA during a radio interview, and the three of them started the Blood Orange Project.

Drummer Gary (2nd from L), who is also a local AZ real estate broker and a great one.

Bass player Dave (L) comes from local radio too. (Don't tell anyone but 'little Davey' is the most eligible bachelor in the Tri State. And my fave because he is also full blooded Italian. :)

LISTEN to this very cool song from the band, featuring Oingo Boingo's John Avila. Dave has all kinds of cool friends from his days as a successful record producer in 80s LA.

You never know what they will do next because frankly, I think aliens abducted the lot of them and have been rockin' in their bodies for at least the last 5 years!

Be sure and catch their show at the River Run in 2 weeks!

These are excerpts from an actual Q/A session with a first time seller in another state who is uncertain about the process and a lot of other things. His agent either hasn't been accessible or hasn't inspired a lot of trust. This gentleman has been a friend of mine for decades, and wrote to ask me to fill in some blanks:

QUESTION: I have been wondering, isn't it the Seller's Agent responsibility to show the property to the buying agent and the prospective buyer? Today was the second time we had prospective buyers come by and our agent was not present. He tells me that he can't show the property to the buyer. NONE OF THIS INFORMATION MAKES SENSE to me.

Am I to believe that I show the property for sale, and HE MAKES THE COMMISSION ON THE SALE OF OUR PROPERTY?

MY RESPONSE: It is GREAT you are getting showings! Stay at a comfy distance and if the buyer's agent or buyers ask questions like "Why are you moving?" or "What will you take?", DONT volunteer info. Tell them that all questions go thru your agent. Also, the seller's agent CAN show buyers the prop as long as your employment agreement does not prohibit it. BUT if the buyers have an agent, the sellers agent should not have contact with them as it would be interfering with their agency relationship. The buyers agent, likewise, should not have any more meaningful contact with the seller than "Hello, thank you, goodbye."

QUESTION: Then you're saying if the buyers come with their agents, I'm to show the property and the agent gets the commission for the sale?

MY RESPONSE: Look to your employment agreement for the provisions pertaining to who will show the property and how. But even if 'your agent' didn't bring the buyer, the end result of a successful sale would have been caused by the marketing of the property by your agent.

And there is much more work to be done during an escrow to earn that fee.

Also, depending on the brokerages involved and their Association's cooperative agreements, the fee may end up split in up to 6 parts. :)

My opinion is that you should not be 'showing the property' yourself, but rather, allowing access. The buyers' agent shows the property unless your agent procures a buyer in which case they would access and show the property, depending again on the terms in your employment agreement with the brokerage.

QUESTION: Splitting the fee in six parts? Exactly how are the commissions split?

With my marketing/communications background, I can equally market the property with the exception of things that require a license, i.e. MLS, etc. The etiquette of showing the property was never discussed prior to the signing of the agreement. And, I don't want to be responsible for showing the property. I don't like the idea of a stranger walking freely through my home, so I escort them from room to room and into the back yard.

MY RESPONSE: Here's how one fee can become 6:

In most states, ALL listings, transactions, fees are the BROKERAGE's, and agents must work under a broker. So actually, your employment agreement is with the Broker:

• Broker employs Agent (your seller agent)

• Other Broker employs Buyer Agent (unless your agent also brings buyer)

MLS MUST show a set cooperating (co-broke) fee. And MUST honor it.

• Agent 1 lists property,

• Agent 2 sells property.

• BROKER 1 gets (let's say) 6% total fee
  

• They split it (usually 50-50) with buyer's BROKER per the blanket compensation agreement of the Association.

• BROKERS 1 and 2 split with their respective agents

So far we have a 4 way split.

NOW . . . it is ENTIRELY possible that one or both of those 2 agents was 'referred' their client by another agency! THAT MEANS a referral fee would be paid to the referring agent.

Voila! We can have up to a 6 way split of the fee.

There are times an agent earns a very small paycheck, given their time, cost and grief factor. :)

As for marketing the property as well as a REALTOR, you might be able to come close . . . but it would be cost-prohibitive.
I just did my taxes and the cost of all my websites, portals, memberships, dues, marketing materials, tools like electronic lockboxes that record entry into your property, and software for JUST ME last year was almost 15k! That is for the things that go into marketing a property. I of course can offset that with the fees that come from selling 18-35 properties a year.

But would you come out ahead by doing it yourself, paying for all that stuff for just one property?
Probably not.

You NEED MLS membership to expose your property to the greatest number of buyers. That's pricey--mine is about 1200--1500. You NEED listing portals used by agents and consumers, like REALTOR.com etc, again for maximum exposure. Those are not cheap!

You could easily get into 10% or more of your sale price with all the costs of signage, flyers, etc.

Then, there is the LIABILITY. That is the #1 reason to have an agent. They are the shield for when things get ugly. Brokerages pay big bucks for Errors and Omissions insurance in the event of a dispute over disclosures, contractual breach or any one of a number of complaints. And no one sues anyone, right? :)
People are litigious.

As for escorting buyers thru your house, I think that is a very bad idea. Buyers find it uncomfortable, and the buyer's agent and your agent assume enough liability that you should not feel really worried about someone coming thru your house.

I cannot tell you how many times I have had buyers NOT buy a house because they felt 'hovered over' by a seller. Be careful! You have an objective; let them help you achieve it. If you feel that the agent is not supervising their buyers properly, have your agent call their broker--OR CALL THE BROKER YOURSELF.

If you have valuables, lock them down and/or remove from the house.

Your buyer will need to be able to imagine this as 'their house' or THEY WILL NEVER BUY IT.

Finally, if I were selling a property of my own, I would hire a broker! :) It is a hard job and I would want to be represented and shielded from liability.

Do YOU have questions about your Bullhead City, Fort Mohave, Mohave Valley real estate sale or purchase? If you have an agent, ASK THEM of their broker. If you are new to it all, feel free to ask us.

We think all questions are smart.

Bullhead City AZ Commercial Real Estate - FOR LEASE - River Breeze Business Park

The beautiful, new (built in 2007) River Breeze Business Park has 2 available Bullhead City office spaces for lease.

This is an ideal location for a destination or convenience business.

The corner, near half-acre C-3 site has frontage on both Highway 95 and Newberry Drive, and is just a quarter mile from the Walmart Supercenter, considered to be one of the most prime Bullhead City commercial locations with vehicle traffic at 30,000 daily (per AZ Department of Transportation) and that car count can easily double during snowbird season or holidays.

Ample parking and easy access make this a great spot for medical office space, salon, convenience or retail, professional office--or use your imagination.

You'll be in great company with the anchor tenant Goldberg And Osborne (yeah--"The Eagle"), and well established Freedom Tax Service. There is also a professional counseling office in the 5 unit building. And across the street, the new Goodwill Industries and Auto Consulting Services buildings.

The 1200+ SF units can be whiteboxed and have ADA compliant bathrooms and power boxes inside, and attractive professional signage outside. Ready for your vision!

And if you're cost-conscious (and who isn't these days), you'll love the .80 PSF rents with no CAM charges. The building is professionally maintained and beautifully landscaped. You'll be proud to have this address on your business cards!

Exclusively listed by Next Wave Real Estate Investments, LLC.

For more information on this property, a showing appointment, or getting a letter of interest to the owners, contact us.

We'd love to help make this your new business address!

Which Bullhead City commercial real estate space for lease you start your local business in--or move it to--is an important decision for a business owner ANYWHERE, and Bullhead City AZ 86442 commercial property buyers or tenants are no exception.

Even if you have the best product or service in the world, if customers can't find, easily get to and easily move on from your space to their next stop, you will have an uphill battle to profitability.

You might save a few bucks now by choosing a less than ideal location, but if your business doesn't thrive, you stand to lose far more in the long run.

It's important to look at many things besides simply "Location x3":

• Is there enough parking to make it convenient and attractive for consumers to patronize the business?
• Can the business be easily spotted by someone who doesn't know the area and, say, found it in the phonebook or online?
• Are there other businesses nearby that your customers might also want to visit but that don't compete with yours?
• Is it easy to drive up?
• Is it easy to drive away?
• Is there enough traffic to ensure a brisk succession of customers?
  

When a location has ALL of these attributes AND MORE, it is a PRIME location.

2840 Highway 95, Suite 204, Bullhead City AZ 86442 is a PRIME location. And this Bullhead City commercial space for lease has it ALL:

1. VISIBILITY. This is a center of town spot that can be easily seen even at the 45 MPH speed limit drive by heading either north or south on 95--and everyone can find a Wal Mart Supercenter! This property is on the Highway in front of Wal Mart.



2. ACCESSIBILITY. Easy in, easy out from either Mohave Drive or the south entrance to the Wal Mart Supercenter. Mohave Drive was recently expanded to connect to the Bullhead Parkway, increasing alternate routes from Laughlin, NV, Needles, CA and the entire South Mohave Valley. The future Highway 95 Realignment AND the proposed and imminent third bridge over the Colorado River (probably at the Parkway or nearby Rainbow Drive) will open this area even more to seasonal and vacationing visitors to Bullhead City.



3. ANCHOR. Wal Mart is an extremely busy spot with 24/7/365 overflow vehicle and foot traffic to the space.
4. HIGH TRAFFIC. This is easily the busiest section of town.



5. AREA BUSINESSES. The building already has secured long term leases with GameStop and Der Wienerschnitzel--and nearby China Panda, ATT, Firehouse Coffee, US Bank, Colorado Place Business Park and Mohave High School less than a mile north mean snowbirds, locals, youngsters and businesspeople popping in to the conveniently located spot for a quick lunch or service.



6. PARKING. Literally hundreds of in common spaces so there will be plenty of room for your customers to conveniently visit and park anything from a motorcycle to an RV towing a boat!

This 1558 SF space was just vacated by Quizno's and includes commercial walk-in refrigerator and freezers, prep tables, 2 HVAC systems, furniture and more. However, this space is versatile and could easily be converted to retail, office or medical space.

The property is available for immediate occupancy at 2995/mo NNN which includes a CAM of 1100.

Interested parties may contact us using the contact info below, and I am easily text messaged for questions, further details, due diligence materials or to set up a viewing appointment.

HOW CAN WE HELP YOU?