Real Estate Blog

Out of the Loop

ROI commercial Property scottsdale sale

(Dear Reader: These ‘Business Owner’ segments illustrate how real life commercial real estate challenges can result in win-win solutions…even when the going gets tough!) Dear Business Owner, The commercial real estate asset purchased during the downturn is one of your best investments. A reliable tenant, initially produced a healthy, cash on cash, 9 percent annual return on your investment and now it yields a 10.5 percent annual return. Score! Every month there is an automatic deposit into your bank account. The tenant’s lobby is always packed. The office manager shared that this is their top grossing location in Phoenix. After

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Dear Business Owner: The Circus Stays in Town

Dear Reader: These ‘Business Owner’ segments illustrate how real life commercial real estate challenges result in win-win solutions…even when the going gets tough! Dear Business Owner, Sometimes running a business is like running a three-ring circus. Relocating an established company involves assessing the current business strategies while defining the company’s future.  Such is the case for The Circus School that teaches all age kids, circ du sole like acrobatics.  Buried in the middle of a light industrial park, The Circus School has limited visibility and is difficult to find. Their unique program draws a crowd, but they also use target

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Dear Business Owner – Manufacture Urgency

(Dear Reader: These ‘Business Owner’ segments illustrate how real life commercial real estate challenges result in win-win solutions…even when the going gets tough!) Dear Business Owner, In the complex world of commercial real estate, location alone won’t maximize your commercial property value. Timing, demand and generating urgency are equally important. A commercial property in a strong location, sold in a down market will probably loose money. Yet if there is demand, and urgency is created through marketing, the seller will capitalize on their profit.  That same property sold when market conditions are favorable, will turn a profit and maybe even

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 Old, yet Stellar – Insider knowledge on commercial real estate deals, behind the scene.

Dear Business Owner, Selling a commercial real estate property isn’t the same as selling a house. Unexpected obstacles tend to arise at the most inopportune time. Like the scenario described below, my experience as a commercial broker helps clients navigate through this complex transaction, one hurdle at a time. At seventy-two, Frank wants to retire.  He’s not sure what to do with the retail building he owns that was home to his successful music company of thirty years.  So, how can we make that happen? The Property Frank’s invites me to tour his immaculate one-story retail building, built in the

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Sticky Business

warehouse commercial real estate transaction

Dear Business Owner, Commercial Real Estate transactions often have a sticky moment to navigate. The outcome depends greatly on the mindset and communication skills of all involved parties: the landlord and landlord’s broker; along with the tenant and tenant’s rep. Let’s review a recently closed warehouse lease transaction to understand how the tenant justified paying rent at two locations and a reluctant business partner. The Set Up ISD’s CEO is on the other end of the phoneline and shares his company’s overnight success. “Andrea,” he says, “You know that government contract we’ve talked about for so long? It’s finally signed. 

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Do I Stay, or Do I Go? – Ask a Tenant Rep

Tenant Rep negates on behalf of the tenant

Dear Business Owner, No Pain Chiropractor’s 1,500 square foot retail lease is up for renewal.  The big question for No Pain is, “Do I stay, or do I go?” Business is booming and the lease amendment details, like a higher lease rate and no tenant improvements, had been pushed to the back burner until the last minute. By then No Pain Chiropractor was in a corner. Sam, the business owner had two choices: sign the amendment or try to relocate in two weeks. Sam weighs his options. Overwhelmed by the process, he signs the renewal instead of the risk of

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The Cost of Tenant Representation – Part 2: My Tenant Rep Costs How Much

Not hiring a Tenant Rep is the biggest mistake a small business owner makes when searching for office space.  The deal negotiated directly with the Landlord will cost the Tenant over the term of the lease, no matter how savvy a business person. The Tenant just doesn’t know what they don’t know. You might have these questions: Isn’t leasing office space a DIY? Why pay for something I can read up on and do myself? If I hire a Tenant Rep, how much do they cost? No Tenant Rep Example iWeb, a web based company, had the perfect office in

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Raintree Medical/Office Condo for SALE – 4,254 SF

Location: 9300 E Raintree Drive, Suite 130, Scottsdale, AZ In a prominent location fronting on Raintree Drive between Thompson Peak Parkway and the Loop 101, is a beautiful medical/office condo close to amenities galore. Most of the offices have windows. This efficient 4,254 square foot trendy medical office converts nicely to general office with wood doors and travertine floors. There are conference room choices, a total of 10 offices, 2 built-in offices and shared workspace. With a generous breakroom, three interior restrooms and a shower, it allows for the kind of office space that attracts and retains employees with a desirable social work environment. Specifications Total 4,254 SF

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The Cost of Tenant Representation – Part I

Inexperienced Tenants often mistake the person showing them an office suite, the Landlord’s Agent/Broker, as someone who will take care of them in their lease negotiations.  They don’t and here’s why. Landlords and Tenants interest in leasing space differs greatly. The Landlord wants to make money and the Tenant wants to save money. This juxtaposed position makes it impossible for one Broker to honestly and fairly represent both sides of a lease transaction. A Landlord’s Broker has a fiduciary duty to the Landlord; a built-in conflict of interest. When a Landlord’s Broker suggests they can represent you, the Tenant, fairly,

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Current Listing: Prestigious Paradise Valley Office

DOWNLOAD PROPERTY BROCHURE Total Square Footage: 2,015 Sq Ft Move-in Ready Office Suite at Tatum Blvd. & Shea Blvd. Located just north of the northwest corner of Tatum Blvd and Shea Blvd, a state-of-the-art office is close to amenities galore. The office condo project is within walking distance to restaurants, retail and other businesses. It is one mile south of Paradise Valley Mall. This efficiently laid out 2,015 square foot ex-architectural office sports the latest office trends with sand blasted masonry block walls, exposed ceilings and collaborate professional office space. The glass conference room, 2 executive offices and two interior restrooms add a touch of privacy when needed. Well-organized work spaces,

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