Simply Own It

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 I fell in love with a clean yet outdated 2,050 square foot tri-plex office condo built in the 1980’s and immediately saw potential for what I believe will be the coolest office ever.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

Read more

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

Read more

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

Read more

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

Read more

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

Read more

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

Read more

For Sale $575,000 – Rare Find… Peoria Stand-alone Industrial Warehouse & Showroom

FOR SALE:  $575,000 Rare Find… Peoria Stand-alone Industrial Warehouse & Showroom 8936 N 79th Ave, Peoria, AZ 85345 Rare find. Stand-alone Industrial Warehouse and Showroom, private fenced backyard, block wall around perimeter of the lot, rollup garage door. Located on the corner of Olive Avenue and 79th Ave. just west of Grand Avenue US Hwy 60. DOWNLOAD PROPERTY BROCHURE Property Details Total Building +/- 2,340 SF +/- 550 of showroom/ retail space (AC) +/- 1790 of warehouse (EVAP) Lot size +/- 20,038 SF 12 X 10 rollup garage door Peg board walls throughout the showroom Industrial shelving in the warehouse

Read more

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?

Read more

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

Read more

Why To Save For A Rainy Day

If there’s anything 2020 has taught us, it’s to expect the unexpected. Who could have predicted the impact the COVID-19 pandemic would have on commercial real estate and specifically the demand for space through quarantines, shutdowns, supply chain disruptions, employment loss, and much more. As a commercial real estate investor, potential economic conditions must be considered before buying single-tenant and multi-tenant properties. A financial savings plan or “rainy-day fund” can provide an extra security blanket that can help you through tough times or support your growth when the time is right. Here are a few reasons why single tenant and

Read more