Investing in retail real estate offers numerous benefits for both investors and potential commercial tenants. This guide provides an overview to help you start investing in retail real estate.

A high-quality shopping center draws in crowds, providing a space for people to gather, shop, and fulfill various needs. Besides creating a desirable tenant-mix, a clean, safe, and aesthetically pleasing environment generates foot traffic, ultimately generating additional revenue for your tenants, finally leading to increased rent for the property owner. One key to maintaining this flow of traffic and repeat customers lies in the upkeep of the shopping center’s common areas. In real estate we simply call the term Common Area Maintenance, also known as CAM. CAM on a basic level involves keeping common areas like parking lots, landscaping, and sidewalks clean and well-kept. This enhances aesthetic appeal, improves safety and security, extends the longevity of infrastructure, promotes a positive brand image for the shopping center and its tenants, and increases customer dwell time and spending. For high-end or trophy shopping centers, common area maintenance could additionally include, changing out seasonal decor, maintaining a small park, maintaining outdoor seating for a food hall, hosting various events such as live music and more! Let's explore how these factors contribute to more customers, happier tenants and increased rent.

When leasing commercial property, tenants, landlords, and property managers often encounter the term, CAM fees. CAM fees are a crucial aspect of many commercial leases. This article will delve into the essentials of CAM fees, including the types of leases that include them, their benefits, what they typically cover, and how they are calculated.

Realicore is pleased to announce that we have sold 570 W 4th Street, San Bernardino, CA 92401 to a local real estate investor in San Bernardino. The buyer got a screaming deal of $1,950,000. The buyer plans to invest close to $1,000,000 into the property. Realicore Real Estate Group has also been retained by the landlord to serve as project manager and property manager for the property. This 35,686 sq. ft. property will undergo a massive renovation updating the offices upstairs as well as leasing out the ground-floor retail spaces until the property is stabilized. Located in a prime location of Downtown San Bernardino next to The Regal Movie Theater, California Theater, the Downtown San Bernardino Arts District and across from the future Carousel Mall Development, this property is primed to be a trophy asset. We look forward to the future grand opening of many new small businesses in Downtown San Bernardino. David Friedman, from Realicore, represented the buyers.

Stay tuned for more exciting commercial retail property brokerage opportunities with Realicore!

Realicore is pleased to announce that we have leased 591 N D Street, San Bernardino, CA 92401 to Los Tacos Lokos - “The best tacos north of the border!”. Los Tacos Lokos hopes to open on Cinco De Mayo and are excited to be a part of the San Bernardino community. 591 N D Street, previously Roger’s Burgers and Richie’s Chicken, was originally a taco stand that sold street tacos to the community for more than a decade. It’s only fitting that the building is now a taco shop again. David Friedman, from Realicore, represented the property owners.

Stay tuned for more exciting commercial property brokerage opportunities with Realicore! Especially restaurants and other retail spaces.

Realicore is pleased to announce that we have sold 541 N D Street, San Bernardino, CA 92401 to Cheliz Restaurant. Cheliz hopes to open an American Style Diner to serve the community of San Bernardino. We are happy to have another much needed restaurant in Downtown San Bernardino. 541 N D Street, previously Yum Yum Restaurant, has been owned by many prominent figures in San Bernardino. The legacy of this 21,63 square foot property on a lot size of 8,625 lives on through Cheliz. David Friedman, from Realicore, represented the sellers, Time for Change Foundation who we can’t wait to work with again!

Stay tuned for more exciting commercial property brokerage opportunities with Realicore!

Realicore is pleased to announce that we have leased out 455 W 4th Street, Suite B, San Bernardino, CA 92401 to The City Center SB. The City Center SB hopes to open a restaurant and event space. We are happy to have such thriving small businesses in Downtown San Bernardino. 455 W 4th Street has two units with the other unit being leased out to Viva La Boba. This retail space is now 100% full and we look forward to another prosperous year of representing our property management clients.

Realicore Property Management is excited to announce that we have 100% leased 800 E Lugonia Avenue, Redlands, CA 92374. University Plaza Cleaners is the newest addition to this shopping center. If you need Redlands Property Management services, contact us today!