Commercial Real Estate Rental Rates - Retail Properties: Auto Repair

[Account Closed]

The Most Up to Date Commercial Real Estate Rental Rates for Retail Properties: 1) Auto Repair or 2) Vehicle Related uses.

A Current Market Snapshot of Leasing Activity Trends & Conditions throughout Los Angeles County, California.

Below is a detailed summary of already Negotiated Market Level Lease Rates - Not Highly Inflated Asking For Lease Face Rents Still Requiring numerous rounds of Negotiations for Tenants with Companies or Businesses that are Leasing & Occupying Spaces or Buildings in projects from Landlords:

1) Terms 2) Concessions & 3) Marketing Periods

2 Submarket Locations:

A) San Fernando Valley & B) Mid Counties.

Cities or Communities:

C) Valencia D) South Gate E) Sun Valley F) Cypress G) Santa Clarita H) Canoga Park I) Pacoima J) Bellflower & K) Whittier.

1 General Use(s): L) Retail

3 Specific Use(s):

M) Auto Body N) Auto Repair & Paint O) Oil Change & Smog Check P) Window Tinting & Stereo Installation

Base Rents - NNN or Modified Gross or Full Service Gross Expense basis:

$1.05 as high as Mid to Upper $1.00 / sf of building / month

Additional Operating Expense Pass Thru’s to Tenants - extra NN’s or CAM’s that are Proportionate or Pro Rata share of Property Taxes, Property Insurance, etc. or CAM’s - Common Area Operating Expenses paid to Owners Over & Above Base Rent:

$0 up to Mid $1.40 / sf of space / month - Tenants Typically Pay Separately Metered Utilities of Electricity and Gas Expenses & Interior Janitorial

Total Rent (Base Rent + Additional NNN's or CAM's): $1.05 up to Upper $1.00 / sf / month

Annual Base Rent Increases: 3% up to 4% / year

Lease Length or Contract Term: 36 up to 60 months

Landlord Provided Free Rent Concessions to Tenant: 0 up to 2 months Rental Abatement

TI’s - Tenant Improvements Concessions provided to Tenant by Owner:

$0 up to Minimal TI’s / sf of Building Allowance to improve the property

Marketing Period (Months on Market to Fill) or Lease Up Absorption Period: Not Available

Do you have Specific Requests, Questions, Discussion Topics or Needed Insight for any Real Estate Services related items that you would like to see posted?

Potential Suggestions for Feedback, Comments or Subjects for Real Property:

1)Locations in Los Angeles County or locales in 5 other Southern California counties: Ventura, Orange, San Bernardino, Riverside or San Diego?

2)General Property Types: Commercial Real Property or Industrial Real Estate?

3)Specific Property Types: A) Retail B) Industrial C) Office D) Medical / Healthcare E) Multi-Family Apartments or F) Vacant Land?

Possible Topics: 

4)Fair Market Rent or Fair Market Value

5)General or Specific Market Trends & Conditions

6)Lease Up Marketing Periods or Sell Out Absorption Periods

7)Vacancy Rates & Collection Loss, Operating Expenses, Capitalization Rates of Return or Investor Required Rates of Return

8)Leasing Activity, Direct or Sublease or Sales Activity, Below or Above Market Level Negative or Positive Factors related to Deferred Maintenance, Distressed Buyer or Seller Sale Motivation such as REO Foreclosure or Short Sale

9)Highest & Best Use(s), Ideal Tenant Mix

10) Net Effective Rent Occupancy Cost Analysis for Major Cost Savings

11) Internal Underwriting, Asset Monitoring & Decision Making, etc.

I can the post for All to Benefit based upon feedback & suggestions for requested Location Advice:

1) Tenants or Occupants that are National Credit, Regional or Local

2) Landlords or Owners that are Full or Partial Owner User Occupiers

3) Buyers 4) Sellers 5) Investors of Income Producing Leased Investments

6) Developers of New Construction Developments or Contractors of Redevelopment or Renovation Projects

8) Private or Hard Money Lenders or Nationwide Banks for Purchase Money Loans or Refinance or 9) Mortgage Brokers

10) What to look for in Real Estate Appraisals

11) What to look for in choosing professional and credible Real Estate Appraisers

12) What to ask when retaining Real Estate Agents or Real Estate Brokers, etc.

Decision Making for Buildings or Projects:

A) Stay at Current Location & Reset New Fair Market Rent: Lease Rates, Concessions and Terms & Renegotiate prior or existing Lease Contracts in place for Upcoming or Soon to Expire Agreements for Options and Renewals to Stay or Renew Lease at existing location

B) Relocate to a Different Location: Move to a Replacement site

3) Expansion into Additional Submarkets: Open Other Multiple Locations for units or office suites