Commercial

Whenever I list a commercial property, I get to know the neighbors. Their insights and knowledge about the property help me find the right buyers for my listing, and in turn, realize the best return on my clients’ investment. Once in a while, these friendly chats turn into new listings. Case in point, Jeff. Soon…

Management is about knowing when to delegate a task and when to do it yourself. As a brokerage owner, I work with some of the best brokers and speciality service providers in the business; but that doesn’t mean I sit in my office all day. When opportunities arise and the situation calls, I get the…

Sure it’s easier to be a listing agent during a seller’s market, but the true test of a real estate professional is making it rain when the market is dry. In late 2008, a printing shop owner was listing a 13,000 sq. ft. commercial property. He had used a big national firm, but they couldn’t…

A few years prior to this transaction, I helped my client, a leading HVAC services provider, purchase a building to house their headquarters. Business was so good, they quickly outgrew it, and were eager to upgrade their real estate investment. Now, we needed to find a parcel that could provide all the functional things they…

Here’s another example of why it always pays for me to get to know the neighbors when I list a commercial property. When my client’s father passed, his commercial property in White Center transferred to the estate she now managed. The family was grieving the loss of their father so I took the utmost care…

In the real estate industry, we refer to other brokerages as “competitors”, and while that’s true to some extent during negotiations and bidding wars, on the most part, we work together on behalf of our clients. We typically sit down at the table to negotiate win-win deals for our respective buyer and seller clients; but…

One of City Closers’ proudest moments was helping turn a distressed piece of property into the crown jewel of a neighborhood. No matter where you stand on the issue of homelessness and the drug epidemic in Seattle, there are often unavoidable realities that affect property owners, including squatters on vacant land. One such parcel was…

We all know what comes after the words, “well, if at first you don’t succeed…” For a beloved local veterinarian, the second time was the charm. When the restaurant next to his business went on the market, we made a handsome offer to buy the building. My client primarily wanted the land to provide extra…

Positioning a commercial property for sale involves establishing if it’s an owner user property, an investment property, or a combination of both. Determining the highest potential ROI and best use involves an analysis of the existing leases in place, capitalization rate and any vacant space. On occasion, clients need to liquidate a property before existing…

Your “day job” career doesn’t have to be your only source of reliable income. Commercial investment properties offer a separate income stream generated from monthly rents and a long-term equity build. If you want a diversified financial portfolio, it’s well worth considering. As with any investment, there are pros and cons depending upon the economy,…