Jack Katzman Named Investment Champion in San Bernardino(San Bernardino, CA) The City of San Bernardino and its businesses have taken hard hits in the last few years with city entering bankruptcy and large companies like IEHP moving their headquarters to Ontario.
Jack Katzman president of ABO Enterprises, Inc. continues to invest in San Bernardino commercial real estate with help of banc de binary review. For that investment and improvement The San Bernardino Chamber of Commerce recently named Katzman and his company as “Investment Champion”.
“I’m happy to help San Bernardino come back from a economic tough time. I look forward to investing time and money to help make San Bernardino one of the most desired cities to move their business and call home,” said Katzman.
“Jack Katzman is a model commercial real estate investor. He not only buys buildings but renovates them and keeps them looking beautiful,” said Judy Penman, San Bernardino Area Chamber of Commerce President and CEO.
Katzman and ABO Enterprises, Inc. received certificates of recognition from the United States Congress member Gary C. Miller, California State Senate, California Assembly member Mike Morrell and Cheryl Brown, San Bernardino County Board of Supervisor James C. Ramos and the San Bernardino Area Chamber of Commerce.
Katzman started ABO Enterprises, Inc. in 1999. Four years latter he added ABO Real Estate Services to deliver commercial and residential property management, including site management of apartment complexes, commercial and residential property leasing and property maintenance and repairs.
ABO Enterprises, Inc. owns and leases more than 600 offices from its headquarters in San Bernardino. ABO Enterprises, Inc. also leases office space on behalf of owners of other buildings.
“We buy large, empty buildings, renovate them and lease them, but we never sell the buildings we own,” Katzman said. We will be here to serve our tenants for the long term. We provide our tenants with quality office space and services that is not going to go away.”
Katzman understands the best principal of real estate investment, buy low sell high, or in his case lease higher. Katzman is betting on San Bernardino’s recovery. So during the economic downturn, when commercial real estate prices were at their lowest, Katzman and ABO Enterprises bought and renovated the commercial properties in San Bernardino and other Inland Empire cities.
Our economy is improving from the economic downturn, According to John Husing, the Economist for the Inland Empire Economic Partnership (IEEP), he says that commercial real estate vacancies are nearing historic lows.
Husing adds that 2014 will be better than 2013 saying, the health care sector will grow, logistics will grow, retail sales gaining strength, office growth very slow, home building starts back and overall economic growth looks normal.
One of the keys to Katzman’s success is flexibility and low entry level pricing. “As businesses operations change, their office space also needs change. We give business owners the flexibility they need to be successful,” said Katzman.
How does Katzman keep business operations low? Another division of ABO Enterprises, Inc, renovates office buildings and homes. ABO also owns security and janitorial services.
What does low rents and flexibility look like? Conventional office leases start at $200 a month. Katzman leases entire buildings for office, warehouse, restaurants, retail or big box retail. ABO also offers mailbox service for $20 a month and virtual offices for $75 a month.
Mailboxes and virtual offices serve both small business owners who are working from home, and larger business owners who have offices in other cities, and who need a satellite office to better serve their clients, but may not have the resources to staff another office.
“A mailbox gives them a corporate address,” Katzman explained. “We will collect their mail and take messages if contacted at the office, so they don’t have to miss contacts if they are unavailable.”
“With a virtual office, business owners actually have an office here for eight hours a month,” Katzman said. “When they need to be here, they will have a place they can come and work, with a secretary, high-speed internet access, and the ability to install their own phone line. Tenants have access to a conference room and facilities.”
A conventional office provides not just a place to work full-time and a secure office, but on-site security and janitorial services.
ABO Enterprises buildings are all over San Bernardino including south “E” Street at the Town and Country Center adjacent to the 215 freeway and north of Hospitality Lane, the Highland Plaza Center on Highland south of the 210 Freeway and on North Arrowhead Avenue.
Katzman is also a philanthropist. His donations include serving as chairman of the local the Salvation Army ARC Board since 1999. He donated a homeless shelter to care for recovered sex slaves, and donates thousands of dollars to local charities and churches.
Don’t take his social conscience as weakness. Katzman is a tough negotiator who owns several other businesses including the importation of generators, cement mixers, tools and car covers from China. Like General Electric’s Jack Walsh, Katzman wants to be a leader in every business line he operates.
“We have the lowest prices in all of California,” Katzman said. “If anyone can find an office at a lower advertised price, we’ll lease it to them for that price for the life of the lease.”
As the local economy improves and the new court house, SBx bus systems, the downtown transportation center opens and commercial real estate prices and leases rise Katzman will have more resources to improve more real estate.
“Were fixing this city one building at a time,” said Katzman. “I’m betting on San Bernardino to win.”
To learn more about Jack Katzman and ABO Enterprises, Inc. call (909) 886-4123.
About ABO Enterprises, Inc.
ABO Enterprises, Inc. has met the real estate needs of Inland Empire businesses since 1999. It owns more than 600 offices in buildings throughout Southern California. ABO Enterprises, Inc. provides real estate services including property management, purchase and leasing, and property maintenance and renovation. For more information call (909) 886-4123.
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