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SCV Businesses Expand Amid Vaccine Optimism

25158 Ave Stanford Santa Clarita

Valencia, CA, December 21 –Businesses in the Santa Clarita Valley are showing signs of optimism for 2021 as Covid-19 vaccinations roll out. Valencia-based Spectrum Commercial Real Estate, Inc., successfully helped Santa Clarita-based manufacturing company, 3D International, LLC, grow its automotive detailing operation by securing additional warehouse space at 25158 Avenue Stanford.

This latest partnership adds an extra 21,660 square feet of industrial warehouse space for 3D International. “This is a testament of our local business owners adapting, pivoting, and thriving during these unprecedented times,” says Yair Haimoff, founder and executive managing director of Spectrum CRE ™. This latest expansion adds to a previous September lease expansion deal of approximately 10,164 square feet signed by 3D International at 25161 Rye Canyon Loop in Valencia, after the company began making hand sanitizers in their facilities.

Haimoff adds, “With the surge of activity we’ve been fortunate to earn the trust of many organizations and entrepreneurs. In the past three months alone, we’ve managed to represent other manufacturing and warehouse/distribution clients secure additional storage facilities as well as help owner-user and investors purchase facilities within the Santa Clarita Valley.”

The latest boost in commercial real estate comes amid burgeoning hopes of the first Covid-19 vaccines being distributed in California and all-time low interest rates. “We are getting a lot of interest from buyers who want to take advantage of the low interest rates but unfortunately there is not enough quality inventory right now so it forces us to search deeper for additional opportunities,” Haimoff says, “You just need the right team on your side to uncover the hidden gems.

About Yair Haimoff

Yair Haimoff holds the prestigious SIOR (Society of Industrial and Office Realtors) designation as Founder and Executive Managing Director of Spectrum CRE ™, a commercial brokerage, property management, and investment advisory service firm specializing in industrial, retail, and office real estate.

About Spectrum Commercial Real Estate, Inc.

Spectrum Commercial Real Estate Inc., founded in 2018 and headquartered in Valencia, California, is a full service commercial real estate firm that offers clients personalized service, local knowledge and a pioneering approach to brokerage services. The firm’s full spectrum of services include tenant and landlord representation, leasing, sales (owner-user and investments), 1031 exchange buyer representation, national single-tenant investment sales and acquisitions, net lease investments, build-to-suit developments, debt/equity, and providing clients with exceptional brokerage services. For more information, visit www.Spectrumcre.com

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Spectrum Commercial Real Estate, Inc. Represented the Seller and Buyer in the Sale of this +/- 19.38 Acre in a Prime Santa Clarita Valley Location

M1 Zoned development site at 23925 The Old Road in Newhall, California

Spectrum Commercial Real Estate, Inc. Represented the Seller and Buyer in the Sale of this +/- 19.38 Acre in a Prime Santa Clarita Valley Location

Valencia, CA – October 1, 2020Randy Cude, Matt Sreden, and Connor Quan commercial real estate brokers with Spectrum CRE ™, are pleased to have represented the Seller and Buyer in the sale of an M1 Zoned development site at 23925 The Old Road in Newhall, California.

This vacant +/- 19.38 Acre Lot has 1,385 feet of street frontage along The Old Road. The property sits along the I-5 Freeway, and is within close proximity to State Route 14, FivePoint – Newhall Ranch Development, Six Flags Magic Mountain, Disney and ABC Studios, and Needham Ranch Business Park.

The Buyer was attracted to the Property for its development potential and intends to construct its new headquarters on the Property.

Randy, Matt & Connor were able to negotiate the transaction within a short period of time and successfully navigate it to a successful close during an unprecedent time for small business lenders.

The final purchase price was approximately $2.5 Million.

Call brokers for more information.

About Spectrum Commercial Real Estate, Inc.

Spectrum Commercial Real Estate Inc., founded in 2018 and headquartered in Valencia, California, is a full service commercial real estate firm that offers clients personalized service, local knowledge, and a pioneering approach to brokerage services. The firm’s full spectrum of services includes tenant and landlord rep, leasing, sales (owner-user and investments), 1031 exchange buyer representation, national single-tenant investment sales and acquisitions, net lease investments, build-to-suit developments, debt/equity, and providing clients with exceptional brokerage services. For more information, visit www.Spectrumcre.com

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Spectrum Commercial Real Estate, Inc. Represented the Buyer and Seller in the Sale of a 7,499 SF Industrial Land Parcel in Van Nuys

7029 Valjean Avenue, M1 zoned land parcel in Van Nuys, California

Spectrum Commercial Real Estate, Inc. Represented the Buyer and Seller in the Sale of a 7,499 SF Industrial Land Parcel in Van Nuys

Van Nuys, CA – September 21, 2020Yair Haimoff, SIOR, and Barry J. Jakov, commercial real estate brokers with Spectrum CRE ™ are pleased to have represented the Seller and Buyer in the sale of a M1 zoned land parcel in Van Nuys, California.

Located at 7029 Valjean Avenue, the property is an approximate 7,499 square foot parcel of land that is situated within the highly desirable Van Nuys Airport vicinity. It is located less than one mile from the 405 freeway onramp and is within close proximity to Van Nuys Flyaway, Van Nuys Golf Course, Balboa Park and many amenities.

The Buyer was attracted to the Property for its development potential and intends to construct its new headquarters on the Property.

Barry and Yair were able to negotiate the transaction within a short period of time and successfully navigate it to a successful close during an unprecedent time for small business lenders. Final sale price was $885,000.

For more information, please contact Yair Haimoff and/or Barry Jakov.

About Spectrum Commercial Real Estate, Inc.

Spectrum Commercial Real Estate Inc., founded in 2018 and headquartered in Valencia, California, is a full service commercial real estate firm that offers clients personalized service, local knowledge, and a pioneering approach to brokerage services. The firm’s full spectrum of services includes tenant and landlord rep, leasing, sales (owner-user and investments), 1031 exchange buyer representation, national single-tenant investment sales and acquisitions, net lease investments, build-to-suit developments, debt/equity, and providing clients with exceptional brokerage services. For more information, visit www.Spectrumcre.com

 

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Prop 15 May Imperil Lots Of Tenants

Yair Haimoff, Spectrum Commercial Real Estate

By Michael Aushenker Staff Reporter at The San Fernando Valley Business Journal

Voters to decide on split-roll tax system in November

Proposition 15, an initiative to tax commercial and industrial properties at a higher rate for education and local government funding, will have a negative domino effect on the market, commercial real estate experts told the Business Journal.

That’s because landlords will pass along hiked property taxes to tenants, who will charge customers more.

If approved by voters on Nov. 3, Prop 15 will create a split-roll tax, or separate tax rules for commercial and retail property versus residential property. The ballot measure intends to upend what voters approved in 1978 with Proposition 13, in which all assessed property values are based on the most recent purchase. Prop 13 caps property tax rates at 1 percent of the assessed value with annual increases not to exceed 2 percent.

John Loper, associate professor at USC Lusk Center for Real Estate, said passage of Prop 15 will add more financial burden to restaurant and retail tenants already responsible for triple-net (property taxes, insurance and operating costs) leases.

“If property taxes go up, the tenants pay, not the landlords,” Loper said.

With non-chain restaurants, small shops, cabinet makers, carpenters and plumbers —

“all of the small businesses are going to be paying those property taxes,” Loper continued.

Entrepreneurial business owners have already

“been hurt the most by COVID. They don’t have deep pockets.”

There are some exemptions, according to Loper, such as small companies that own their property.

“But most of the time, they’re renting at a shopping center or multi-tenant industrial park and (tax hikes are) not going to help,” he said.

Union groups have backed Prop 15, which promises $11 billion in revenue in a 60-40 split between municipal governments and local schools from K-12 to community colleges.

While that might sound ideal on paper, broker Yair Haimoff, founder of Spectrum Real Estate Services in Encino and Valencia, questions whether the funds will truly go where intended.

“Who is going to be in charge of appropriating the funds?” Haimoff asked.

“County assessors, they’re already behind. … Where are they going to get the manpower to do this?”

If landlords raise rents and tenants can’t pay or go out of business, landlords will stumble in paying their mortgage lenders, Haimoff said. Loper thinks Prop 15 could exert a large influence on the economy at large.

“This could be the thing that tips (business owners to say) ‘I can’t do this anymore,’” he said.

Eventually, customers will pay for the tax hike, the broker and academic agreed.

“The tenants are going to have to raise prices and the consumers are going to have to pay for it,” Haimoff said.

Added Loper:

“This is going to severely hurt a lot of small businesses. On top of COVID, this is scary.”