Simply Own It

Buying Commercial Property is NOT Like Buying a Home

So you’re ready to buy your first commercial real estate property. That is great news! But before you do, there’s a few things you should know. First and foremost, buying commercial property is nothing like a buying residential property. While both take time, research, and planning, buying commercial real estate can be very complex. To help you navigate this exciting time, I have outlined the six key differences between a commercial purchase and a residential purchase: Commercial Title Report A commercial title report outlines the legal status of a specific property and related information about its ownership. While it is

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ADCRE Listing: Architecturally Appealing Office For Sale & Lease

FOR SALE & LEASE: Architecturally Appealing Office For Sale & Lease $524,420 Sale: $260 SqFt / Lease $23.50 Modified Gross Location: 8144 East Cactus Road, Suite 830, Scottsdale, AZ 85260 DOWNLOAD PROPERTY BROCHURE Located in the Odyssey Professional Center (OPC) at the North East Corner of Cactus Road and Hayden Road. Located less than a mile from the Loop 101 Freeway. Surrounded by luxury homes and across the street from a beautifully landscaped golf course fairway. Quick proximity to the Scottsdale Quarter, Kierland Commons, Honor Health Scottsdale Medical Center, Costco and Raintree shopping area. A wide array of retail and restaurant

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The Written Lease Is Always The Ruling Document

In previous blog posts we discussed why tenant representation is important and how without it, your business could face to pay thousands of dollars. Still not convinced? Let’s take a look at one example that happens more often than not. You’ve had a great year and your business is thriving. But with growth brings complications and you’ve now exceeded your company’s number of allotted parking spaces. According to the property manager, you’re in violation of your lease. You try and reason with them stating the previous property manager said it would be no problem if the business grew, however since

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Simply Own It – The American Dream: Increase your wealth with commercial real estate – The Cost of Buyer Representation

Brokers: The Nuts and Bolts Don’t be fooled! Many buyers confuse a seller’s broker for their representative. Inexperienced buyers can easily mistake the person showing the commercial buildings as someone who will take care of them in purchase negotiations. They don’t and here’s why: Sellers want to make money and buyers want to save money. With that in mind, it’s unfeasible for a single broker to represent both sides of a transaction. The seller’s broker has a fiduciary duty to the seller or the building owner, so representing the buyer fairly is next to impossible. When a seller’s broker insists

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Simply Own It – The American Dream: Increase your wealth with commercial real estate – Commercial Real Estate (CRE) Basics when Purchasing

Before the 11-steps of purchasing commercial real estate can happen, it’s necessary to understand a few CRE fundamentals. The key to property ownership success is twofold. Understand how CRE fundamentals fit into the larger scheme of a purchase. Recognize the importance of retaining experienced buyer representation to save money on your new commercial building. Industry Lingo: CRE is a widely used industry acronym for commercial real estate. Ownership is a Privilege Ownership of property is a luxury few countries offer business owners. Even in the USA, most small to midsize businesses owners haven’t been able enjoy the pride of commercial

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Simply Own It – The American Dream: Increase your wealth with commercial real estate – 11 Steps to Ownership

The first portion of Simply Own It, the American Dream, examines commercial real estate basics and the attributes of a skilled buyer representation and how to qualify them. The second portion outlines the 11-step purchase process in detail as a sample buyer, like yourself, navigates his way through the intricate process. Step One – Strategic Plan, the power of advanced preparation. Meet with your commercial real estate advisor and discuss the value of buying a commercial property versus leasing. Is this the right time for your business to purchase? Will a building purchase add to your company’s success or put

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Simply Own It – The American Dream: Increase your wealth with commercial real estate – Part 2: Ownership Pays

Ownership of a scottsdale, AZ commercial real estate property builds equity in your future; not your landlord’s. An owner reaps greater tax benefits, has an avenue to save for tomorrow and is empowered with the pride of ownership. Best of all, business owners control their destiny and add to their retirement plan. Book one of this series, SimpLEASEity™, summarizes the complex lease transaction in 11 easy steps. Book two, Simply Own It ü, perfected over twenty years, details timing of ownership in a simple and easy step by step how-to guidebook. We will: Answer important questions relevant to commercial real

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