Only days apart, Sacramento Elite Patrol and Bottles & More both closed on separate warehouse deals to expand their businesses in the midst of a struggling economic recovery. One business acquired its very own office/warehouse building in South Sacramento totaling 9,266 sq.ft. with SBA loan financing, while the other jumped from a home based business operation into a 10,872 sq.ft. leased warehouse space in West Sacramento. Clearly, there are some bright spots in the market if you know where to look.
Click here for related story by the Sacramento Business Journal.
Locally owned Armstrong Plumbing has faithfully served Sacramento commercial and residential customers for 50 years. What better way to celebrate its golden anniversary than by acquiring its very own commercial building. The new facility, at 2551 Albatross Way, is only 1/3 mile away (as the crow files) from the company’s former location, just on the other side of Capital City Freeway (off El Camino Ave).
Click here for related articles by Ben van der Meer of the Sacramento Business Journal dated 5/28/145/30/146/6/14
On Sutterville Road in Land Park is a two story office building located right in between the Sacramento Zoo, La Bou Café and Sprouts Market. Until recently, this 40,000 square foot building had become almost entirely devoid of tenants and business activity due to the severe recession. However, it’s not the first time this particular property has succumbed to the pressures of a deteriorating local economy.
Land Park office building becomes focal point of community once again
Click here for related article in Sacramento Business Journal.
It’s still a tenant’s market out there… and its been that way for quite some time here in the Sacramento area. Commercial property owners know all to well that savvy tenant’s have the upper hand when it comes to negotiating new or renewal leases. However, not being armed with the right information (and trying to go it alone) can lead to less than stellar results.
Photo by the Sacramento Business Journal
The Sacramento Business Journal discussed in a recent article how Rob Fauble, owner of The Beat (a record store in Midtown Sacramento), lost his commercial property lease after 19 years in business at 1700 J Street. Although Rob make the right decision to hire a local Sacramento commercial real estate broker, he was still unsuccessful in cutting a deal with the landlord to let him stay. Occasionally, a commercial property owner has the opportunity to upgrade a tenant with a national company, who can pay more rent and create value for the property… such as the case with The Beat’s former location.
More often that not, however, in this current market, tenant’s hold the necessary leverage to negotiate highly favorable lease terms for commercial property throughout the greater Sacramento area. Continue reading below for a list of do’s and dont’s to learn how tenants can best prepare for this important task.
Living in Sacramento, its easy to take for granted that we actually reside in the State Capitol of California, which represents the 9th largest economy in the entire world. At times, a healthy reminder is in order to draw attention to this remarkable privilege that we all share. Important matters are considered and decided every day inside the venerable halls of the State Capitol. We are certainly fortunate to now have our very own local correspondent, Christopher Arns (Sacramento Business Journal), who has already written over 40 stories covering legislative activities surrounding the State Capitol since January.
It is incumbent upon citizens to communicate with legislators to ensure their voices are heard. It is within this context I participated last week in the 4th Annual Legislative Summit at the State Capitol, hosted by the California Asian Chamber of Commerce. Pat Fong Kushida (President & CEO of the CalAsian Chamber) led four teams who met with over 40 legislative offices to discuss pro-business issues including workforce development, taxation, economic development, and regulatory reform. It was a terrific day with open dialogue and a distinct willingness to come together.
California State Senator Jim Nielsen (third from left) with CalAsian Chamber lobby team
One such meeting took place with Senator Jim Nielsen (see picture above), where team representatives connected on a personal level, sharing concerns and ideas for improvement in various areas. This scene repeated itself many times throughout the day as we walked the halls, transitioning from one meeting to the next. In a fitting culmination of events, the CalAsian Chamber lobby teams capped off the evening with a tasteful reception with dozens of legislators and staffers, along with community and business leaders.
Local Sacramento food truck operator, Andrew Blaskovich (aka “Drewski”), has been on the Sacramento scene for over two years now, serving up gourmet sandwiches to hungry crowds. With well over 15,000 Twitter and Facebook followers, he is most certainly a force to be reckoned with and has been recognized by Food Network as one of the Top 10 food truck operators in America. Drewski’s has received rave reviews in local print and media and is currently ranked #1 on the KCRA “A” List and was voted #1 best Food Truck by Sacramento News & Review.
In a growing trend, the success of food truck operators has convinced some to open brick-and-mortar locations as well. For Blaskovich, his foray into the brick-and-mortar restaurant business started with a Midtown Sacramento commercial property operated by Republic, a large sports bar, located across from the Sacramento Memorial Auditorium. He partnered with the owners to provide his signature dishes and experienced tremendous success ever since. Drewski’s second brick-and-mortar location is essentially a small café positioned within the lobby of a commercial office building on Iron Point Road in Folsom. However, Drewski’s third brick-and-mortar really takes the cake.
Comstock’s Magazine published a terrific article in this month’s edition discussing the need for Sacramento commercial property landlords to relax long-standing tenant requirements for attracting startup tech companies that desperately need space to foster innovation. The article explains how Hacker Lab, a non-profit technology incubator, recently expanded its commercial space by more than 10x by relocating to a Midtown Sacramento office / warehouse building that lends itself to creative work space. Sacramento commercial real estate broker Brian Jacks, who handled the lease transaction, was quoted in the article as saying “it wasn’t an easy deal, but fortunately the landlord was willing to take a chance.” A few short months later, Hacker Lab finds itself at the epicenter of a movement that is culminating with Startup Weekend, a global event in local cities that brings programmers, designers and entrepreneurs together to launch their own startup company in 54 hours. Excitement is building. The City of Davis recently announced a new staff position called ‘Chief Innovation Officer’ that was assumed by industry veteran Rob White. White toured a mixed-use commercial building last week, located just one block from the U.C. Davis campus, which he agrees would be a perfect fit for a Hacker Lab type organization. Students and industry professionals need a place other than coffee shops where they can meetup to collaborate on technology and innovation projects that will help take the Sacramento region to the next level. Click here for related article.
Sacramento commercial real estate investors who own property near the proposed site of the Downtown Arena are now one step closer to potentially significant increases in value. The Sacramento City Council voted 7-2 in favor of approving the arena financing proposal, which creates the opportunity for investors to form a competing bid to acquire the Sacramento Kings. News 10 caught up with Sacramento commercial real estate broker Brian Jacks to find out what this could mean for commercial properties within the immediate vicinity of the proposed arena. Click here for News 10 story
It’s always nice when a plan comes together. East West Commercial Real Estate of Sacramento helped Jackson Sports Academy (JSA) relocate into a 72,000 sf building at McClellan Park in December 2012. As a result, JSA’s non-profit arm, Jackson Sports For Athletes, has been able to expand its scholarship program to include recipient Hannah Heckman, whose story was recently shared in a feature article by The North Sac News.
In addition to providing assistance for individual players, JSA’s community outreach regularly provides sport court facilities for local charter school students, enabling them to accumulate physical education credits. One such beneficiary of this program is Community Collaborative Charter Schools (CCCS), who practically shares a parking lot with JSA at McClellan Park, creating much improved access to the program.
Other related programs offered through JSA include Harold Pressley’s Treat’em Like A King (TLK Foundation). Pressley is a former Sacramento King, who partners with JSA to host basketball camps, which introduce at-risk and disadvantaged youth to sporting opportunities that would otherwise not be available to them.
JSA is a true partner in the community and is to be commended for its excellence and dedication to fostering opportunities for local youth to achieve their dreams.
Jacks Commericial and Brian Jacks did an outstanding job of selling my commercial building in Auburn, CA. Our longtime tenant had left, the building needed substantial upgrading, and the market for commercial property in Auburn/Grass Valley was suffering. Brian was able to attract several interested buyers and presented us with multiple offers. During the sale Brian worked diligently to keep the e…
Ron MinearoRealtor, Coldwell Banker, May 2019 via Yelp
Great experience, Brian was very helpful. He replied in a timely manner when contacted. Works hard to get the right answers for all questions asked.
Chris ParkerOwner, Chris Parker Art, February 2019 via Yelp
Brian Jacks is very helpful, professional, and kind. He is very prompt. He facilitated our move to a new office. It was a pleasure to work with him.
Paul JacinthOwner, Jacinth Insurance Agency, January 2019 via Google
Brian at Jacks Commercial did a great job! I was looking for a commercial yard for outdoor vehicle storage for a few months and had no luck. Reached out to Brian and he was on it from the beginning till the end and made the whole process smooth and easy. The best part is he takes your interest into account and makes the negotiation process simple. Thanks again Brian!
Abdul MansourOwner, Loyal Towing, December 2018 via Yelp
I cannot say enough great things about Brian! If you are in need of commercial real estate help, I suggest you look no further. I am actually surprised and grateful that he patiently stuck with me through a VERY long and complicated deal to lease a space in Midtown, which we successfully closed on recently. His knowledge about Sacramento, especially Midtown and years of experience he brings to the…
Narine BirindjianFranchisee, AR Workshop, November 2018 via Yelp
Brian recently sold an office complex for us in a very reasonable time frame. I would highly recommend Jacks Commercial Real Estate. He worked with our board to come up with a marketing plan and keep us updated on a regular basis of the work he was doing and showing the building.
Pastor Rich MarriottBusiness Administrator, New Life Community Church, October 2018 via Facebook
We were referred to Brian Jacks through a mutual acquaintance, and couldn’t have been introduced to a better broker! Opening a new business can be stressful at times, but knowing that Brian is working with you to help find the right location keeps you motivated. He was patient with us, being new to opening a business, and helped to negotiate for our perfect location. We can’t say enough great thin…
Brian ScoginOwner, NorCal Fitness Academy, September 2018 via Yelp
I have had the opportunity to consult with Brian Jacks on the potential for commercial property. Although he and I have not had the opportunity yet to complete a deal, I have been incredibly impressed with his customer service, communication, professional network and knowledge. The experience has been impressive enough that I was inspired to write a review of our initial work together.
Joseph PiazzaPrincipal, Courtyard Private School, September 2018 via Yelp
My mom and I were newbies at renting a small retail space. Brian made it the easiest process ever! We thought we had to jump through more hoops, but it all went quick and smooth. Brian is the most laid back dude, yet professional, which is hard to find in an Agent! Brian is your friend and genuine about making you happy and meeting your needs. If you want ZERO drama and ease, here you go.
Anna JuddOwner, Cryptic Rose, August 2018 via Yelp
We own several restaurants and are always looking to open more locations. We met Brian a few years ago. He helped us to sign leases for a couple spaces. He keeps us updated with any new properties that meet our expectations. He answer quickly and is professional. We have worked with many many commercial realtors, but Brian is the one who we contact whenever we need another commercial building. Tal…
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