Who is your Buyer? Who is your Tenant?
Identifying your target buyer or tenant will allow you to determine the real value of your property. It will also help you understand what's required to close with that prospective buyer or tenant.
This may mean offering TI dollars for the right tenant, Seller Carry terms, making improvements, marketing outside of the state, or identifying alternative prospects. With over $10MM in managed and leased commercial properties we are familiar with how to lease and sell commercial properties to achieve maximum shareholder return.
What are your goals? This is the most important question when establishing a commercial lease. Short term vs long term? Do you want to provide TI? Are you looking to sell or exit at the end of the lease? Are you looking to refinance?
Understanding how your lease is secured, what negotiation points are important, and how that effects the value of your building is very important. While we are not a legal team, we utilize our experience and that of our experts to ensure we provide a Lessor / Lessee relationship that achieves your goals.
Are you buying as an investor or a user? Or Both?
Most commercial spaces require some amount of renovation to be put into service for an end user or tenant. Our Development company has spent millions every year renovating commercial spaces to meet tenant needs. This gives us a unique perspective to help you identify value (market review), understand costs (construction review), and then establish a plan (Lease marketing).