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REALCORP, INC.
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Ph: 304.925.7000
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Fax: 304.925.7023
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3818 MacCorkle Ave., S.E.,
Charleston, West Virginia 25304
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Click Here to send e-Mail
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Click Here to visit site
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Commercial Tenants Go Underground |
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In and around Kansas City, Missouri are more than 50 underground facilities that provide 15 million feet of commercial space. In the whole state of Missouri there are more than 90 underground facilities. There are underground commercial properties in various parts of the country.
What Are The Uses?
Underground facilities are used by a precision instrument maker for a manufacturing plant. The U.S. Postal Service use them for sorting mail. They are used by retail stores for warehousing and inventory and as a distribution center. Some offices use them for over-flow and seasonal clerical workers or for storage of files.
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Flexibility In Selling A Property |
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Selling a house is usually the same everywhere. The building and the land are sold together. In rare occasions, the land is leased but the structure is sold. This is not the case with commercial property and apartments. It can be done several ways. Of course, the easiest way is to sell the whole property in a single transaction. When setting a price, the factors include: quality of the tenants, strength of leases in a commercial property, volume potential if applicable, competition, tenant mix, construction, existing or available financing, and the physical value of the real estate.
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Information Needs For Investment Analysis |
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Too often, people buy property based on what they have been taught to see on the bottom line of a piece of paper. The analysis of real estate investments can take any number of forms, but no matter which approach you use for the property being invested, you should be sure to first address the important considerations that follow.
Checklist of Factors
The best way to develop a clear picture of the property and its potential is to examine all of the principal factors and then integrate them into a meaningful
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Michael P. Thompson, SIOR, CRE
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Partner
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Ph: 304.925.7000
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Click Here to send e-Mail
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