Kotobuki Trading Co. located at 320-334 Victory Ave, South San Francisco
Reference: Kotobuki Trading Co., Masura Kagami, (650) 588-8593
The owners of the Kotobuki Trading Co. were looking to expand their operations. Their buildings consisted of one (1) concrete tilt-up measuring approximately 7,000 square feet, and a metal building measuring approximately 17,000 square feet. The total parcel of the location was 50,000 square feet. The building is also located in the high-density flood zone. They enlisted the services of Coldwell Banker Commercial to assist them in the search to purchase a larger facility for their operation. Once a facility was located, Coldwell Banker Commercial was responsible for selling their building in a timely manner, so as to not effect their operation.
Coldwell Banker Commercial worked diligently to find suitable relocation sites for Kotobuki Trading. Through Coldwell Bankers extensive network and experience, three properties were identified. The first relocation site was 222 Harris Court , South San Francisco . The facility is approximately 30,000 sq ft. The total site is approximately 43,000 sq ft.
Coldwell Banker Commercial successfully located and negotiated the purchase of a lease/purchase at 222 Harris Court , in South San Francisco . While negotiating the purchase, Coldwell Banker Commercial located a buyer for their current facility located at 320-334 Victory Avenue in South San Francisco . The facility located at 320-334 Victory Avenue is currently in escrow. The location of a new, larger facility and the sale of the existing facility will be completed by Coldwell Banker Commercial within 150 days from the start of the assignment.
312 East Grand Avenue , South San Francisco
Reference: Ms. Teresa Hsing, (650) 455-5758
Ms. Teresa Hsing employed the services of Andrew Peceimer Director of Corporate Services at Coldwell Banker Commercial Westbay Real Estate Group to analyze her industrial property located at 312 East Grand Ave.in South San Francisco California . The building was approximately 23,000 square feet. The current annual projected net income was $179,400.00 After evaluating Ms. Hsing’s current income based upon the current equity it was determined that had an approximate 5% return on investment. Ms. Hsing decided that she wanted to look for other opportunities that would increase her cash flow and give her better appreciation.
After selling her building, Andrew immediately began searching for an exchange property to re-invest her money.