Mortgage Rates Continue to Decline, Hit Fresh Lows - CNBC
Do you have equity in your home that could be put to use?
Equity that could be used for a down payment on that commercial building?
The Best in Commercial
Friday, May 27, 2011
Tuesday, May 24, 2011
Monday, May 23, 2011
New website for Thurston County...
Local news, local information...Offer your own content!
www.thurstontalk.com
Check it out!
www.thurstontalk.com
Check it out!
Friday, May 20, 2011
What does NNN (Net Net Net) or Triple net mean in a lease?
Triple net means:
That in addition to the lease price per square foot rate, the tenant pays ALL operating expenses on the property. These include: Property Taxes, Hazard Insurance, maintenance and utilities. This fee is usually presented in an additional annual cost per square foot.
Example:
1,500 sf office space
Rate: $18.00 annually=(1,500 x $18.00= $27,000 annual lease divided by 12 months= $2,250.00 monthly)
NNN $5.00 annually=(1,500 x $5.00= $7,500 annual triple net fees divided by 12 months=$$625.00)
So the true monthly cost of the 1,500 space is $2,875.00 or $23.00 per square foot.
Make sense? It sure does if you own the building!
Confused...Make sure you hire a Commercial Real Estate Agent to represent you in the lease transaction!
That in addition to the lease price per square foot rate, the tenant pays ALL operating expenses on the property. These include: Property Taxes, Hazard Insurance, maintenance and utilities. This fee is usually presented in an additional annual cost per square foot.
Example:
1,500 sf office space
Rate: $18.00 annually=(1,500 x $18.00= $27,000 annual lease divided by 12 months= $2,250.00 monthly)
NNN $5.00 annually=(1,500 x $5.00= $7,500 annual triple net fees divided by 12 months=$$625.00)
So the true monthly cost of the 1,500 space is $2,875.00 or $23.00 per square foot.
Make sense? It sure does if you own the building!
Confused...Make sure you hire a Commercial Real Estate Agent to represent you in the lease transaction!
Tuesday, May 17, 2011
Friday, May 13, 2011
Outstanding Value...Spa Depot Building
The Spa Depot is moving to a new larger location....Who cares you say? You do. Or someone you know.
Their "old" space is for sale. It recently had a price decrease from $985,000.00 to $750,000.00. Yes, that's right. a price decrease of $235,000.00!!!
This property features 1.44 acres with 2 Warehouses (6,824 total square feet) and a 2 story 2,000 square foot office...
Finally, the entire property is like a park! It is currently offered by Coldwell Banker
It's easy to show, give me a call I'll arrange a showing!
Terry Wilson
360.789.5060
Their "old" space is for sale. It recently had a price decrease from $985,000.00 to $750,000.00. Yes, that's right. a price decrease of $235,000.00!!!
This property features 1.44 acres with 2 Warehouses (6,824 total square feet) and a 2 story 2,000 square foot office...
Finally, the entire property is like a park! It is currently offered by Coldwell Banker
It's easy to show, give me a call I'll arrange a showing!
Terry Wilson
360.789.5060
Thursday, May 12, 2011
How do I know if its a good deal?
When you are looking at commercial real estate, there are lots of acronyms, buzzwords and calculations...It can be intimidating.
The best thing you can do is surround yourself with lenders, real estate agents, accountants and attorneys that you trust. Not every deal will require all these professionals, but build a team...or better yet, let us help you build a team. We know who can help you!
Call Terry Wilson 360-789-5060
Greene Commercial
Greene Commercial
Tuesday, May 10, 2011
Are you in a Flood Plain?
http://www.theolympian.com/2011/05/10/1646143/fema-delivers-flood-news.html
Make sure you know! And get your flood insurance...BEFORE the flood!
Wednesday, May 4, 2011
Heritage posts $764K Q1 earnings - Business - The Olympian - Olympia, Washington
Heritage posts $764K Q1 earnings - Business - The Olympian - Olympia, Washington
Strong local ongoing success! Congratulations to Heritage!
Invest in YOU! 1031 Class and it is FREE!
Please call me if you'd like to attend...Find out how to keep more of YOUR Money!
Monday, May 2, 2011
Under Contract! and Who is in the market???
Last week, Stephen Dean put the Moose Lodge (Formerly DJ Murphy's) under contract. In addition, with the help of Palmer Higa in our office, we received a very good offer on Bigrock Plaza, Building # 10.
Additionally, we have the following people in the market:
-Architect and Drafter looking to Lease up to 1,500 sf
- Massage Therapist opening new Spa- Lease
- Naturopath, Massage Therapist and Pschologist - 1,000 sf- Lease
-Small Manufacturer; 12,000sf Warehouse with small office- Purchase
- Plumber- Looking for retail space with fenced yard and warehouse space 4,000sf- Purchase
- Physical Therapist- 2,500sf Purchase or lease- Outside of Olympia- Chehalis/Dupont/Aberdeen
- Therapist- 1,200- 1,400sf Hawks Prairie Area- Lease
Please refer any leads that you have...Listed or not and I will work with owner!
Additionally, we have the following people in the market:
-Architect and Drafter looking to Lease up to 1,500 sf
- Massage Therapist opening new Spa- Lease
- Naturopath, Massage Therapist and Pschologist - 1,000 sf- Lease
-Small Manufacturer; 12,000sf Warehouse with small office- Purchase
- Plumber- Looking for retail space with fenced yard and warehouse space 4,000sf- Purchase
- Physical Therapist- 2,500sf Purchase or lease- Outside of Olympia- Chehalis/Dupont/Aberdeen
- Therapist- 1,200- 1,400sf Hawks Prairie Area- Lease
Please refer any leads that you have...Listed or not and I will work with owner!
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