Commercial Real Estate Tenants
Serving Your Local Area
Why You Will Save Money by Having a
Commercial Real Estate Broker
No Cost to You
Landlords typically pay the Commercial Real Estate agents' fees who represent the landlord and also the agent representing the tenants. So you usually get the agent's expertise for free and someone working in your interest.
Special Expertise
We are a commercial real estate broker but also an underwriter, an asset specialist, a tenant leasing specialist, and a property manager. This means we have seen all sides and aspects of transactions and have experience that others don’t. That means we can put more money in your pocket!
Is There a Catch?
You may know that for residential real estate, there are buyer’s agents and seller’s agents. Cap Ex Commercial will be working as your agent in your interest as a tenant.
Site Selection
We help you find a location that will maximize revenues, minimize expenses, minimize cannibalization of sales from your other locations, and maximize the customer demographic you are targeting.
Financing
Besides saving you money on operating expenses as discussed above, we can also save you money on financing because of our extensive finance experience.
Site Selection AI Technology
We have new AI technology that puts the site selection process on steroids. It can show where clients come from and is unlike anything else on the market. Best of all, there is no cost to you for using it whereas others charge.
Why Having Our Exclusive Representation Helps You
- A consistent focus on achieving your real estate goals
- Ability to show you spaces you may not otherwise see
- A guide to lead you to success in your real estate decision
- Knowledge of the market
- If you need factoring, we have contacts who typically give you much better rates than you are currently getting
- Relationships with landlord’s brokers and assistants so new ideas for a space don’t blow up a deal
- Follow-up after closing to make sure you’re fulfilling immediate tenant lease obligations
- Fewer distractions from operating your core business. We get the deal done more quickly with fewer headaches!
Hidden Fee Examples
Allocated Maintenance – Large landlords will often have a mechanic on site, a lease administrator, a chief of operations etc. Who pays for these people? It can be you if you don’t know what to look for in a lease.
Common Area – Common areas need electricity and heating and cooling and cleaning etc. Who pays and how is the amount paid determined? There is usable square feet (actual square feet) and rentable space (square feet you are paying for). These numbers can be the same or different. How are they calculated and what does it mean in terms of what you pay? That is where our expertise can help you. This is an area that small tenants often don’t realize and can be a big cost driver over time.
6 Challenges Tenants Need to Overcome in Negotiating with an Owner/Landlord
Landlord’s Agent
The landlord's agent purpose is to protect the landlord's interest, not represent the tenant. So, do not be fooled as a tenant to believe that the other agent in this transaction will offer you the best deal possible. As such, you need to go in prepared to get the best deal. You will need to collect financial information that is different from a residential transaction. Call or Contact Us to find out the information you will need.
Zoning
Make sure your proposed use conforms with the zoning laws. For instance, you can't have a bar across from a school. You can't put a manufacturing facility in a residential neighborhood. Confirm that the property is located in a zone that allows your type of business to be conducted there. This is done by reaching out to the local county planning and zoning office and getting a zoning letter.
Parking
Parking is a big deal! We're a still a car culture in this country. People use their cars to go places. Make sure that there's ample parking and there is no restricted parking that would prevent your clients from coming to see you. These restrictions are sometimes caused by space limitations or co-occupant demands. There must be enough parking to accommodate everyone. Otherwise, this is going to be a headache for you, as a tenant, later.
Premises Condition
The space has to be a good match for your brand. This includes the overall quality of the building. Does it have ample air conditioning? Are the walls in decent shape for coverings, including paint Tying back to signage, how will customers know that you are there? Ensuring that it can accommodate your vision of how your business operates is key.
Signage
What are the requirements for your business's signage and how do they work with the landlord's requirements? You must have clear language in the lease agreement about variables like size, color and location. Be sure to telegraph your needs so everyone knows the expectation.
Use
Tenants need to know exactly what the use options are for the space. If you run an IT company, you need office space. If there's a Starbuck's there and you are a coffee seller, it's a bad match because Starbucks leases say that other tenants can't sell more than 5 percent of their inventory as coffee. Same with sandwiches and the Subway franchise. There are a million possibilities for why a space could be good or bad for you. Make sure that this discovery is part of the early discussion in the negotiations so that's not a later impediment to occupying the space.
Contracting A Commercial Space
Review the Choices You Need to Make When You Decide to Move to a New Commercial Property