Commercial Real Estate Education

Tips for Hiring a Commercial Broker to Sell Property

Selecting the right commercial broker to sell a commercial property is one of the most important decisions you’ll make before signing on the dotted line. The real estate industry is full of brokers, and surprise! They aren’t all are created equal. Here are tips to hire a commercial broker that best suits your needs. 1. The Interview No matter how long you’ve owned the property you’re selling, you’re putting a lot of trust in a broker to make sure they sell the property for its full current value. To evaluate which broker is right for the job, interview several brokers

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You Know What You Want, Until You Don’t

Plan as you might, a business owner never knows when they will find that perfect fit for their business. Take me for example: I found my dream office space while attending a listing presentation with a property owner. I fell in love with a clean yet outdated 2,050 square foot tri-plex office condo built in the 1980’s and immediately saw potential for what I believe will be the coolest office ever. Moral of the story? Stay open-minded and consider all possibilities.  It’s normal for you to have a wish list for your dream property. You may even have an idea

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Top Buyer Mistakes When Purchasing a Commercial Building

If you’re ready to purchase a commercial building, you’ve come to the right place. Working with a reputable commercial real estate broker who understands your company needs and investment goals is key in securing the right commercial deal for your business. However, it takes two to tango and certain decisions can delay the process. Keep these key points in mind when purchasing commercial property. Hire a Commercial Real Estate Broker Purchasing commercial property can be a long and difficult process if you don’t work with an experienced broker. Using industry knowledge, experience, and references, a commercial broker can help you

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Things to Know Before Buying Commercial Property

To buy or not to buy? That is the question every business owner asks themself as their business begins to stabilize. While there are pros and cons to both, more on that in this blog post, it is important to do a thorough analysis to help determine if purchasing a building versus leasing is the right decision for you. Consider these five points before buying commercial property. What is your long-term plan? Making a long-term investment in a building is something not to be taken lightly. A plan helps focus your efforts on what’s the best choice for your company.

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No Slowing Down for The Phoenix Industrial Market 

Since the onset of the COVID-19 pandemic in early 2020, the industrial sector has proved its resilience as many warehouses, distribution centers, data centers and manufacturers were faced with a new demand for e-commerce. Now more than a year later, we’re continuing to see a wild upward swing from the U.S industrial market with no signs of slowing down. In Phoenix alone, nearly 2.8 million SF of new inventory was added in the first quarter of the year, according to recent report from JLL. Furthermore, more than 10 million SF of product is currently underway in the Valley with more

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The Lease Versus Own Decision

The Lease Versus Own Decision If you’re looking for commercial space for your business, you may be wondering if it’s better to lease or buy. While there are pros and cons to each, the decision should come down to what’s best for your company and your needs. Here’s a look at both options to help guide you during this important decision. Advantages to Leasing Commercial Property No Down Payment While you may have to put down a security deposit when leasing property, it will be a smaller total cost than a down payment. For reference, when purchasing a property with

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Is It A Buyer’s Market or a Seller’s Market?

Market conditions are driven by complex occurrences that happen every day. Examples include global and local economic changes such as steel shortages, demographic shifts due to the pandemic, interest rate changes, urbanization trends, and more. As a business owner, it’s important to note that these changes often come out of nowhere like COVID-19 and each market can be affected differently. Currently large markets like NYC, LA, Chicago and San Francisco are struggling to manage large vacancies while states like Arizona, Florida, Tennessee and Texas are challenged with unparalleled migration of population and businesses. An experienced broker who has lived through

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Commercial Real Estate Investment Tricks

No matter the property type, commercial real estate investing is all about the lease, tenant, and your return on investment. Whether you’re a seasoned investor or just starting out, remaining competitive is essential in the performance of any property. Here are a few tricks to help you be successful: Focus on Being an Investor Rather Than an Accumulator of Properties Before investing in a property, do your due diligence to ensure you’re making a sensible decision. Remember, investments should produce an income or a profit. If you purchase a property that produces no income or profit, you just acquired a property which costs

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Not Your Mother’s Home Loan

So, you’re ready to buy your first commercial property. Great news! While you may have purchased residential real estate in the past, it is important to note that acquiring an office property is nothing like buying a home. Feeling nervous? Don’t be. My new book, “Simply Own It, The American Dream,” will guide you through how to buy the perfect commercial property to support your business, step by step. Before you get your hands on the book, this blog covers some helpful tips. Residential vs. Commercial Loans: What’s the Difference? So how do residential and commercial loan options stack up?

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Pros and Cons of a Sales-Leaseback

Sale-leaseback transactions are an appealing option for both corporate property owners and commercial real estate investors. But before we dive into the advantages and disadvantages of a sales-leaseback transaction, let’s first take a minute to review some logistics. In a sale-leaseback transaction, the owner of a commercial property sells the asset to an investor and enters into a lease for a mutually agreeable term or time period, lease rate, annual lease increases, and lease type. Depending on the asset and situation, the lease could last anywhere between 7-15 years. The typical lease structure is a triple net (NNN), which makes

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