Considerations in commercial real estate part 3: physical condition
harkins / March 17, 2014
At Harkins Commercial Real Estate, we’ve got the industry experience and the local market know-how to help you negotiate a lease on the commercial property of your dreams. We all know the right location can mean the difference between your business thriving or plateauing, so today we continue our 8-part series on a favorable lease with part 3: physical condition.
We’ll help you consider the following questions during negotiation: Has the property been maintained well? Or have essential issues been deferred to you as the newest buyer? Buyers in today’s market are more cost conscience than ever – despite the fact that the contractor market is extremely competitive. The costs to improve or develop the property have to be part of your total purchase price planning, so the current condition of the property will need to decrease as development costs for you increase.
At Harkins Commercial Real Estate, our goal is to get you into a property that will suit your business’s need for growth, exposure, and success at the right price with no development cost surprises. Call us today for Sanford commercial real estate representation you can trust!
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