This Website is a comprehensive
presentation of 13 commercial and residential properties situated
in Southern California and Southern Florida, and is intended for
use by tenants, lenders, vendors, and others who have an interest
in these properties.
Conrad Baker, the entrepreneur
owner and Manager of these properties is the largest equity capital
investor with an ownership interest in each property ranging from
68% to 100%.
Four of the properties in
this portfolio are commercial properties owned by individual Limited
Liability Companies for which CBA Financial, Inc., a California
Corporation, wholly owned by Mr. Baker, is designated as "Manager."
Seven of the properties in this portfolio are residential or mixed-use
properties owned in fee simple by Mr. Baker. One property is owned
as a joint venture. One property is managed under a fee management
CBA Property Management, Inc.,
a California Corporation, wholly owned by Mr. Baker, is the property
manager and leasing agent for the properties. Both CBA Financial,
Inc. and CBA Property Management, Inc. are headquartered in Los
Angeles, California and are licensed to conduct business in Florida.
Before founding CBA in 1984,
Mr. Baker spent eleven years as an executive for several large
regional and national development companies, culminating in six
years as COO and CEO. In addition to his background as a commercial
developer, Mr. Baker is a recognized expert in the renovation
and retenanting of commercial and residential properties and has
authored articles in leading trade periodicals on this subject.
To see Mr. Baker's resume, please click
In the acquisition and development
of his portfolio, Mr. Baker consistently applies principles he
has gleaned in 30 years of developing, managing, and renovating
over 700 properties. The properties were a broad and diverse mix
of commercial, retail, residential, and industrial developments,
ranging from a duplex apartment to a one million square foot regional
The primary ownership objective
is to achieve the optimal long term stability, cash flow and value
for each property. The only sale in the last four years was a
West L.A. office building, for a significant premium to a owner-user
The acquisition program is
financially conservative. Each property in the portfolio has a
loan to value of 50% or less. A major criteria for each acquisition
is significant upside potential realizable through the execution
of a 3 to 5 year asset plan. The asset plan extends beyond curing
code compliance and deferred maintenance items. The plan includes
an analysis of the market place and the formulation of measures
to maximize the property's competitiveness including aesthetic
and functional improvements to the building and common areas,
tenanting and retenanting which may include space addition or
reconfiguration, and liability mitigation. The initial asset plan
has been substantially completed for 83% of the properties.
Each asset plan is continually
reviewed and refined to achieve the long-term ownership objectives.
The policy of ongoing reinvestment in each property is an integral
part of the CBA management philosophy and is applied without exception.
We invite you to peruse this
website and confirm the pride of ownership philosophy espoused
in this introduction.