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Off Market Properties







Off Market in Thousand Oaks, CA
(Ventura County)
Medical Building



NOTE SALE
Thousand Oaks, CA (Ventura County)

39,302 SF Medical Office Building
162,697 SF (3.735 Acre) Lot
Built 1970
Located across the street from Regional Medical Center
Blocks to 101 Freeway
Shopping and Restaurants Nearby
Current Interest Rate - 4.350%
Monthly Payment - $82,030
Loan Matures April 2036
CURRENT UNPAID BALANCE
$11,342,174

If interested, please contact to sign NCND and receive Full Package:
Roy Belson
Re/Max Olson Commercial
(818) 620-2020
CalBRE# 01345852



 









Off Market in Salinas, CA
(Monterey County)
Medical Building



NOTE SALE
Salinas, CA (Monterey County)

4,513 SF Medical Office Building
12,600 SF Lot
Built 1977
Located across the street from Memorial Hospital
Blocks to 101 Freeway
Lots of Parking
Minutes to Downtown and Airport
25 Minutes to Monterey
Transportation, Shopping, and Restaurants Nearby
Current Interest Rate - 4.350%
Monthly Payment - $11,063
Loan Matures November 2027
CURRENT UNPAID BALANCE
$1,986,315

If interested, please contact to sign NCND and receive Full Package:
Roy Belson
Re/Max Olson Commercial
(818) 620-2020
CalBRE# 01345852



 









Off Market in Templeton, CA 
(San Luis Obispo County)
Medical Building



NOTE SALE
Templeton, CA (San Luis Obispo County)

4,119 SF Medical Office Building
16,240 SF Lot
Built 1987
Located across the street from Community Hospital
Blocks to 101 Freeway
Lots of Parking
Transportation, Shopping, and Restaurants Nearby
Current Interest Rate - 4.599%
Monthly Payment - $10,992
Loan Matures August 2023
CURRENT UNPAID BALANCE
$1,142,580

If interested, please contact to sign NCND and receive Full Package:
Roy Belson
Re/Max Olson Commercial
(818) 620-2020
CalBRE# 01345852



 





Off Market in Los Angeles, CA
32 Unit Portfolio



Off Market
It's make offer based upon these setup sheets provided.
Buyer has little to NO flex on these prices.
DD would follow an accepted LOI.

Of these, the seller wants to really sell the 16 units in Van Nuys. Wants Offer.

Los Angeles, CA 90048
$3.4mm. 8 units.
Los Angeles, CA 90048 Set Up Sheet

Van Nuys, CA 91401
$3.750m. 16 units.
Van Nuys, CA 91401 Set Up Sheet

North Hollywood, CA 91606
$2.2mm. 4 units.
North Hollywood, CA 91606 Set Up Sheet1

North Hollywood, CA 91606
$1.875m. 4 units.
North Hollywood, CA 91606 Set Up Sheet2

If interested, please contact to sign NCND and receive Full Package:
Roy Belson
Re/Max Olson Commercial
(818) 620-2020
CalBRE# 01345852


 




Off Market in Lancaster, CA


Two shopping centers. Both of these centers are parts of a larger shopping center.
The smaller retail center will gross App. $17,900 per month and I am trying to
get the center's expenses for 2018.
The owner wants $2,600,000 for the smaller center.
Larger on is $7,800,000.
CAP Rates are 6+ on both per seller.

If interested, please contact to sign NCND and receive Full Package:
Roy Belson
Re/Max Olson Commercial
(818) 620-2020
CalBRE# 01345852


 





Off Market in Memphis, TN - Memphis Airport - Hotel


Magnuson Grand Hotel Memphis Airport located 1471 East Brooks Rd, Memphis, TN 38116
Owners of this asset are investors, not hotel operators. At this new offering a lot of upside for right operator.
Current owners spent significant dollars on Capex.

Asking Price is: $7,000,000
The pro forma from the owners shows an NOI of $1,845,454 for 2019.

This is a great investment opportunity for someone who wants to invest in an already successful and
busy hotel with many opportunities for further growth and increased sales.
The current owners bought this hotel a few years ago and focus its efforts in the renovation.
Now they are ready to sell!

The hotel's income would benefit from a new strong flag and property management, as well as a minimal amount of
capital expenditure to finish room upgrades. Strong professional management would enable costs savings
across the board, therefore, increasing the property's bottom line from multiple angles.

Offering Food and Beverage services to guests would not only generate extra income but boost the hotel's
rating and attractiveness as well, contributing to increasing its ADR.

It would also respond to the catering need of events in the currently unused and un-marketed conference/event space.

The bar/restaurant/music club "Dad's Place" also benefits from an excellent reputation in the community and its
reopening would fill a much-underserved need in the area for quality food and entertainment (per city officials' feedback).

Pre-Approved for Clarion, SureStay by Best Western, Travelodge

Key Features
- 240 keys -
- 150 seats -
- 35 seats -
- 175 seats -
- ~ 5,000 Sq Ft -
- Large Parking for Buses and Trucks -
- Shuttle for Airport and Local including Pick ups/Drop offs -
- Fitness Center -
- Business Center -
- 3 Elevators -
- Additional Non-Developed Corner lot ~ 33,000 Sq Ft -

If interested, please contact to sign NCND and receive Full Package:
Roy Belson
Re/Max Olson Commercial
(818) 620-2020
CalBRE# 01345852


 







Off Market in Saint Petersburg, FL

NOTE SALE
GREAT INVESTMENT RETURN at 9.9%
Secured by 74 Room Hotel at Saint Petersburg, FL 33701

SUMMARY
Performing Loan
74 Room Hotel in Well Known Area of St Petersburg
29,162 SF
.37 Acre Lot
3 Stories
Built 1929
Property in Turn Key Condition
Features a Restaurant and only Blocks to The Tampa Bay
100% Occupancy and Units are Rented Weekly for $250
Great Monthly Income
Business CAP Rate 13+%
Loan Matures 9/2019
Property Appraises at $4,540,000 (65% LTV)
Opportunity for Safe Investment and Return of 9.9%
NOTE BALANCE
$2,951,000

If interested, please contact to sign NCND and receive Full Package:
Roy Belson
Re/Max Olson Commercial
(818) 620-2020
CalBRE# 01345852


 







Off Market in The Inland Empire, CA
 

Still Available and the lender will take closer to $1.2mm - $1.3mm now. REO.
Property sold AS IS. Appraisal from 2017 is attached.

REO SALE - BANK JUST FORECLOSED - DEVELOPERS DREAM - SOLD AS IS

6 Single Family Homes and Recreations Center on 15+ Acres
with Large Residential Development Opportunity.
LOCATED IN THE INLAND EMPIRE - Just West of Morongo Casino and Cabazon Outlets.

SUMMARY
6 Single Family Homes and Recreations Center on 15+ Acres
Each Home is 1400 SF with 3 Bedrooms and 2 Bathrooms and
each features Yard and Carport and on a Cul-de-sac
Near Downtown Beaumont
Plus 4000 SF Recreation Center
Beaumont, CA
Locate on 666,032 SF (15.35 Acres)
20 Minutes from Morongo Casino
Property has all Utilities
Great Opportunity to Build Single Family Homes or Multi Family Units on Large Vacant Land
Surrounded by Single Family Homes
Appraised Value in June 2017 - $1,860,000
Monthly Rental Income as of May 2017 was $7285
Buyer will have to Confirm and Can Increase and Collect New Rents
ASKING PRICE WAS $1,600,000

NEW ASKING PRICE
$1,500,000

LOOKING FOR ALL OFFERS

If interested, please contact to sign NCND and receive Full Package:
Roy Belson
Re/Max Olson Commercial
(818) 620-2020
CalBRE# 01345852


 







Off Market in Riverside, CA


If note purchase - Buyer 3%. Foreclosure can happen NOW as NOD was filed in June.
If fee simple purchase, seller broker will coop fee. Note price is $2.2mm and fee simple is $2.5mm.

Fully outfitted dinner house in excellent condition. New roof.
Equipment comes with property.

-NOTE SALE-
Defaulted and Vacant 8500 SF Restaurant on Large Lot with Multiple Uses
Across from Kaiser Campus in the City of Riverside
GREAT DEVELOPMENT OPPORTUNITY
Riverside, CA

SUMMARY
Class B 8500 SF Vacant Restaurant in Riverside
1.29 Acre Lot
Built 1982
Monument Signage Visible from 91 Freeway
Plenty of Parking Available
The property has many uses such as Restaurant, Medical, or Office Building
City Had Approved Redevelopment of 3 Story Office Building
Directly Across the Street from Kaiser Permanente Inland Empire Campus
Great for Owner User or Investment Income Opportunity
Original Interest Rate - 4.5%
NOD File - 6/2018
Current Default Rate - 9.50%
Monthly Default Payment - $21,595
Appraised in 2017 at $3,000,000
Loan Matures 7/2024
CURRENT UNPAID BALANCE
$2,241,570

If interested, please contact to sign NCND and receive Full Package:
Roy Belson
Re/Max Olson Commercial
(818) 620-2020
CalBRE# 01345852


 







Off Market in Saratoga Springs, NY


17 Old Gick Road, Saratoga Springs, NY 12866 and
Golden Coral Buffet and Grill, 15 Old Gick Road, Saratoga Springs, NY 12866

We have available a sub-performing loan on a hotel and restaurant in New York.

The asset is a $9.4 million sub-performing senior mortgage loan (the "Loan") that is in maturity default
and collateralized by an 83-room limited-service hotel and an adjacent 9,700 square foot franchised
restaurant located in the "Capital District" of New York State (the "Property" or "Collateral").

Following a maturity default, the borrower continues to make monthly payments in an amount
that is reflective of the pre-maturity/pre-default payments. Notwithstanding the payments, the 
Loan continues to accrue at the default rate of interest. The hotel originally opened in 2005 and 
was subsequently renovated in 2016 following the completion of certain brand-required improvements.
The buildings are situated on a single parcel of land totaling seven (7.00) acres. The subject hotel
features an indoor pool, fitness center, business center, guest laundry, and 1,500 square feet of meeting space.

The hotel operates under the Choice Hotels International franchise and has a term through June 27, 2026.
The restaurant franchise agreement was originally executed July 2, 2001, and structured with a 15-year term,
followed by two, 5-year options. It is presently in its first option period. 

Must sign confidentiality and fee agreements.

If interested, please contact to sign NCND and receive Full Package:
Roy Belson
Re/Max Olson Commercial
(818) 620-2020
CalBRE# 01345852


 







Off Market in Downtown Los Angeles


633 S. Spring St., L.A. - ASKING PRICE = PAR

https://goo.gl/maps/Tua7Yw19XCQ2

9,292 SF Parking Lot in DTLA
Built 1950
Zoned LAC 5
Can Build Hotel
No Plans or Entitlements
Current Interest Only Rate - 9.75%
Monthly Payment - $44,687
Loan Matures 9/2019
UNPAID LOAN BALANCE

$5,500,000

If interested, please contact to sign NCND and receive Full Package:
Roy Belson
Re/Max Olson Commercial
(818) 620-2020
CalBRE# 01345852


 







Off Market in Topanga Canyon/Santa Monica Mountains


NOTE SALE - REDUCED $400,000
SELLER LOOKING FOR YEAR END CLOSE
Defaulted Luxury Single Family Home in The Santa Monica Mountains with
Gorgeous Ocean, Mountain, and City Views
Located minutes from Old Topanga Canyon Road
Near Topanga State Park
Minutes to Calabasas, Woodland Hills, Malibu, & The Palisades
Loan in Default and Fully Matured April 2018
Original Interest Rate - 8.95%
Current Default Rate - 15.95%
NOD Filed September 2018
Recent Appraisal at $2.3MM
ASKING PRICE WITH YEAR END CLOSE

$1,600,000 (CURRENT UNPAID BALANCE $2,021,051)

If interested, please contact to sign NCND and receive Full Package:
Roy Belson
Re/Max Olson Commercial
(818) 620-2020
CalBRE# 01345852


 



 



 

Off Market in Bakersfield, CA


REO SALE-
Defaulted 22,000+ SF Shopping Center in Kern County in Receivership

SUMMARY
8 Unit Shopping Center with Restaurant Pad in Bakersfield
22,935 SF
84,071 (1.93 Acre) Lot
Built 1986
120 Parking Spaces
Located on Major Intersection and just off Highway 99
Major Tenant Jack in The Box Pad
In area with many Restaurants and Amusement Park across the street
Notice of Default filed July 2018
Current Default Rate: 10.75%
Loan Fully Matured and Now Due
Court Receiver Collecting Rents
AS IS Appraised Value May 2014: $5,100,000
BANK PRICE: $4,000,000 or Best Offer

If interested, please contact to sign NCND and receive Full Package:
Roy Belson
Re/Max Olson Commercial
(818) 620-2020
CalBRE# 01345852

 
 

Off Market in Palm Springs, CA

Appraised Value - $4.7mm.
Lender wants 3.5mm AS IS NO CONTINGENCIES

The lender foreclosed on these 3 homes as borrower defaulted. The master tenant has kept all homes up and running still. No lease copies, so new owner would have to negotiate a new lease or choose to evict. 
Tenant info: Ken Seeley - REHAB CENTERS

3 Properties: A SFR used for the treatment of patients from the 2 other homes. A 11 unit motel and a 16 unit motel - all with CUP for Sober Living.
All in close proximity to one another near the airport.

If interested, please contact for more info:
Roy Belson
Re/Max Olson Commercial
(818) 620-2020
CalBRE# 01345852


 


 



Off Market in Southgate


14,000+ Retail Shopping Center on Major Street with Opportunity to Build Residential/Commercial Development
Southgate 90280

Summary
14 Unit Multi Tenant Shopping Center Southgate
Current Retail and Office but can be Developed to Residential and Commercial Use
14,230 SF
22,646 SF LOT (4 Lots)
Built 1930 & 1954
25 Parking Spaces on Site
Located on a Busy Street with High Traffic Count
Cross Streets Long Beach Blvd and Broadway
Highly Used Center by Surrounding Community
Yearly NOI: $284,400
ASKING PRICE: $4,988,000

If interested, please contact for more info:
Roy Belson
Re/Max Olson Commercial
(818) 620-2020
CalBRE# 01345852


 




Off Market Development Opportunity
Seaside Village - California Beach Community


*Last Opportunity to Develop on the Southern California Coast*

This opportunity is a coastal community with small-town charm valued by visitors and residents alike. Beautiful beaches, breathtaking mountain views, and a diverse economy make Seaside Village a wonderful place to live, work, and play. It is located 8 miles South of Santa Barbara right along Highway 101 and the Pacific Ocean. Seaside Village is known for the "World's Safest Beaches," great surf swells, Seal Rookery, tide pools, whale watching, Santa Barbara Polo Club, bird watching, and other outdoor activities. The Carpinteria Bluffs is a local treasure with hiking trails and access to Carpinteria Beach and Rincon Beach. In fact, the "Rincon Trail" runs along this parcel from Carpinteria Beach to the North, through our property and on to the South, towards Rincon Beach.

This 28-acre oceanfront site runs from Carpinteria Ave (adjacent to Highway 101), all the way to the ocean, with spectacular views and great weather year-round. With over 700 feet of ocean frontage along the bluffs to provide spectacular views for the project, this is the last parcel that can be developed along the bluffs and the coastline.

If interested, please contact for more info:
Roy Belson
Re/Max Olson Commercial
(818) 620-2020
CalBRE# 01345852


 




Off Market Development Opportunity

Client will sell this now and is very motivated.
$8.4mm ask.
Approx 1 Acre.

No entitlements and the attached plans need to be redrawn as they are not ADA compliant (buyer should meet with the architects whom I am providing below). Also buyer needs to confer with the City as to what would be allowed on this site prior to making any offer to the owners. They will not allow for a long escrow with entitlement contingency - it is offered AS IS.

43,306 SF of land. Clean Phase 1.
The income we are told is $13,000 NNN monthly and month-to-month leases.
Billboard lease with CBS needs to be renegotiated. No entitlements in place.
Seller is looking for $8.4mm. Bought it out of BK in April 2017. Attached plans for 52 townhomes but per City, needs revision to meet ADA compliance.

This we are told is another possible configuration: Proposed Development Features:
4 Story Structure
101 Units Averaging 220 SF per unit
5000 SF of Commercial Space
97 Residential Parking Spaces
15 Commercial Parking Spaces

If interested, please contact for more info:
Roy Belson
Re/Max Olson Commercial
(818) 620-2020
CalBRE# 01345852


 




Off Market in San Luis Obispo

Landmark San Luis Obispo Hotel and Restaurant and Bakery.
A rare opportunity.
104 Keys. 2.96 Acres.
$23.5mm firm NET to the Seller.
2017 ADR: $177.06
OCC: 72.89%
NOI: $1,559,226

This unbelievable hotel sits on three acres with top of the line amenities and grounds. Located in wine country with daily wine tasting. Meeting rooms, small weddings, shuttles.

If interested, please contact for more info:
Roy Belson
Re/Max Olson Commercial
(818) 620-2020
CalBRE# 01345852


 

Testimonials

Roy and Dee Dee sold my house in Woodland Hills. The process went smoothly with Roy being on top of things. The escrow closed earl...
- Sage Walia

Location

6355 Topanga Blvd. #100
Woodland Hills, CA 91367

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