Cerna Group of Marcus & Millichap

08/28/2018

On November 6, California residents will vote on Proposition 10. The measure would allow cities to impose a wide range of rent-control policies. Proponents say they are trying to fix the affordable housing crisis. But rent control actually does the opposite: It reduces the supply of rental housing, drives up overall housing costs and chokes off new construction, according to extensive research on cities that have enacted rent control. Rent control also discourages owners from improving their properties, diminishing quality of life for renters and deteriorating neighborhoods.

How will Proposition 10 affect your investments?

To learn more, please join Marcus & Millichap on September 6 at 10:00AM Pacific for an educational webinar on Proposition 10.

http://bit.ly/NoOnProp10

08/17/2018

10/31/2017

Just Sold: Jackson Medical Building

244 N Jackson. Ave. San Jose, CA 95116
https://youtu.be/fXL8YAzIpZU

Jackson Commercial Medical Building located in the progressive Alum Rock business district of San Jose, California. The property, located on an 11,500 square foot corner lot at the corner of North Jackson Street and Montpelier Drive, is directly across the street from the Regional Medical Center of San Jose. The 9,454 square foot subject property offers 9 units of open office space and consists of one, two-story building with stairs, elevator access and two entrances. The first floor of the building is approximately 4,954 square feet of office space consisting of five suites and two restroom facilities. The second floor offers a mezzanine

comprised of approximately 4,700 square feet with high ceilings and two large side windows, providing good street exposure. The second floor also features exposed brick walls and timbers, window-lined private offices with operable windows. The basement is approximately 5,640 square feet with windows on two sides and is accessible via the elevator.

- 9 Private Offices
- Perfectly located in the progressive Alum Rock Business District
- Gentrified Community with Lots of Development Projects Under Construction
- Excellent opportunity to own a dynamic medical and dental zoned asset

10/31/2017

Just Sold: Nishioka Building + 2 Adjoining parcels - Japantown
https://www.youtube.com/watch?v=bXeYnKwtVYI&t=1s

The Nishioka Historial Building, built in 1929, offers a unique opportunity for an investor to redevelop on three contiguous parcels in the historic Japantown area. Originally built to house the laundry works of Ichimatsu Tsurukawa known as the "Ideal Laundry", the building was purchased in 1937 by K Inuka Co, who sold his merchandise to the local farmers. Eventually, in 1949, the Nishioka Brothers bought the building and it became known to the local residents as the Nishioka Brothers' Fish Market and Grocery Store.

- 3 Parcel Re-Development Opportunity ( 657, 661 & 665 N 6th St San Jose CA 95112)
- Historical Brick Building
- Directly Across the street from a Major Redevelopment Project in the heart of Japantown
- Gentrified Community with Lots of Development Projects Under Construction
- 2.3 Miles from Google New Potential Office Development
- Flexible Zoning Uses with the City of San Jose

10/06/2017

Just closed: $36M Miraido Village Apartments
https://youtu.be/WcB3qTZHTS4

Miraido Village is a vibrant apartment community in the heart of the Japantown area of San Jose, CA. Featuring the best influences in Japanese architecture and landscaping, these apartments provide residents with a unique aesthetic and lifestyle.

This beautiful complex is within walking distance to the best shopping, dining and schools that San Jose has to offer. Only minutes from SAP Arena if you want to catch a concert or a San Jose Sharks game. If you're academically inclined, these luxury apartments in San Jose are less than ten minutes away from both the San Jose State and Santa Clara University campuses, making trips to and from class easier than ever. With easy access to I-880, I-280, I-680 and the 101, the entire Bay Area is at your fingertips. If you're commuting via train, we're just a short walk from the Japantown/Ayer VTA station.

- Highly desired mixed use investment with 109 apartments
and 5 commercial tenants
- Perfectly located in the heart of the Japantown community
- 1999 construction situated on 3.23 acres
- Highly attractive unit mix consisting of studios, 1 and 2 -
- bedroom units
- Loft style units for some of the 1 and 2 bedroom units
- 12,000 sq ft of retail tenants

09/11/2017

New Listing: La Paz Building

- Excellent Leased Office Asset with Upside Potential
- Long Term, Well Established Tenants
- 5.72% Cap Rate on Current Income
- Monterey County and Verizon Wireless are among the tenants in Subject Property
- Possible Office Expansion up to 12,000 additional square feet

To View pricing and drone video click here:
http://cernagroup.com/la-paz-building/