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Update as of 9/10/2016-We have had some fire started at the two Tamdem Northeast Buildings at the Banning Business Center!!! We have pressure from the City to either complete the buildings or the City and Fire Department are asking for them to be a teardown!
Update as of 6/4/2015, The Sellers have just completed investing Thousands of dollars in Rehabbing the 42,000 square feet Commercial Building in Banning California,the building has now went through the process of now receiving Title Insurance,instead of waiting a year for title insurance on the building. The minimum asking Price as of 6/4/2015 is now $1.2 Million!!! Sellers Financing is still offered to purchase’ Also,we are in the process of buying the other 4 buildings in the complex!!!! So,if the interested Investor would like to buy all 6 buildings from us,we are accepting the best offer on the Banning Business Center Properties.
Update as of February 7, 2015, The Sellers will accept a “All Cash Offer” of $1,550,000.00.The Sellers will Finance the Banning Building with 20% down for 18 months at 10.5% interest only on a new 1st Trust deed Note. The Asking Price is $1.6 Million.All liens,mechanics liens are cleared off title through prior Auction Purchase!!!
Hampden Investment and Loans work as Brokerage Firm for a Real Estate Partnership. We are offering the Banning Business Center For Sale at $1.6 Million Dollars and for over 40% under market!!!Building is vacant and need Certificate of Occupancy,and the Address is located at 649 W. Lincoln Ave,Banning CA 92220.This facility is over 42,000 square feet.All liens and mechanic liens are cleared through The Owners purchasing this facility originally as a auction buy!!!75% complete,with 25% to be completed. The Owners have the plans to provide to the winning Buyer to complete this project. This Facility will Appraise “As Is” for approx $4 Million Dollars at a conservative $100 per square feet ,and with a $1 Million Dollar Investment this Facility could easily be valued at $10 Million Dollars with emphasis being for upgrades for a Medical Facility. To view this Facility contact Bobby Wright 7 days a week. The Owners will provide Self Financing for the Banning Business Center for as little as 20% down Privately, No Fico or Financials needed!!!!.
Hampden Investment and Loans
468 North Camden Drive,Suite 200
Beverly Hills California 90210
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