#FeaturedListingFriday - 51 S Jackson St

Office Space for Lease or Sale - 51 S Jackson St, Janesville, WI

Well-maintained historic building in Janesville's downtown. Approximately 5,200 SF of finished space that includes eight (8) private offices, a large receptionist area, conference room, and three (3) bathrooms. Lease rate is $2,750 per month, modified gross. Sale price is $240,000.

Click here for more information.

THE AMERICAN MALL – A DYING BREED?

Everywhere I look I see headlines proclaiming that malls are “out.” CBS News reports, a dying breed: The American shopping mall, Business Insider reads, America’s Shopping Malls Are Dying a Slow, Ugly Death, Bloomberg says, Malled: The Hollowing Out of an American Institution and the New Yorker delivers, Goodbye, Malls of America, Are Malls Over? These headlines are alarming especially considering the recent news of the Janesville Mall JC Penney store closing and the Diamond Center relocation. What headline will appear next in our local newspaper? Luckily it’s all been good so far.

Self-Storage: The New Investment Darling

“Maybe we should rent a mini warehouse.” My wife makes this statement every fall as we put away our lawn furniture. My response years ago should have been “No, let’s buy some!”

A recent Globe Street column by Brian J. Rogal of M J Partners, a Chicago-based firm, reports that the largest self-storage REIT now has an implied cap rate of 4.0%. Competitor REIT cap rates are ranging from 4.5% to 5.7%.

Courtesy of A+ Self Storage 

1031 Exchange Basics (Part 1 of 2)

The 1031 exchange is a popular tool used to defer capital gain taxes (or losses) for business and investment real estate transactions. It is derived from the Internal Revenue Service’s code Section 1031 and gives investors the opportunity to earn a rate of return on funds that would otherwise be paid to the IRS.

It is also great for portfolio adjustments: diversify, expand, risk averse, down size, location selection, etc. These details can be very important and help with major investor and business owner decisions. To start off, we will go over the types of 1031 exchanges:

#FeaturedListingFriday - 2085 Morse St

Retail Space for Lease - 2085 Morse St, Janesville, WI

1,500 sf inline space available in new 5,100 sf strip center just off a controlled intersection with Milton Ave, Janesville's main commercial corridor, and extremely close to an I-90/39 interchange.
Lease rate is $24.00 psf, NNN (est. $6.90 psf) for gray shell finish. 

Cool drone footage of available land for sale just off I-90/39.

Thinking Outside the Box: 7 New Ways to Invest

Traditionally, real estate investment has been in each of the five main property types: retail, industrial, multifamily, office, and hospitality. Yet in the last decade or so, investors have been branching out into more specialized endeavors.

Farms

The world’s population is expected to increase to about 9 billion people by 2050, while the UN predicts a steady decline in the amount of arable land per capita from 0.218 to 0.181 hectares in that same time. In the Midwest, there has been a 128% rise in average farmland values over the last decade, shooting up from $1,270 an acre in 2003 to $2,900 in 2013 (by USDA estimates).

The Next Big Thing in Real Estate?

Up until now, investing in real estate has been seen as an option only for the wealthy. But things may change soon with the creation of startups for crowdfunded real estate purchases.

Crowdfunding involves a large group of people on the internet donating a certain amount of money to a project. For example, the website Kickstarter allows filmmakers, designers, and musicians to post a project idea, the funding required, and a deadline for the goal. If people like what they see, they can donate money and will generally in return receive something from the project creator, like a copy of the finished film, album, etc.

Merry Christmas From the Family

Courtesy of www.stockvault.net

The boxes are back underneath the basement stairway. Decorations tucked away for another year and the credit card bill is due. As I reflect over the years of my youth distant holiday seasons seemed so simple. As family scatters, expands, and unfortunately contracts, it gets a bit more complicated – or so it seems to me.