All Forum Posts by: Christian Decker

@Michael Haas - Im not sure which point you are asking about, It really depends on the work. Some we hire out and others we do our self. I live in the Edmonds are but work as a commercial broker for most of Western Washington and have commercial investments scattered from Everett to Tukwilla. 

Hi Shreesha

With a 50 Mile Radius from Seattle you can properties in the 7%+ CAP rates. I just sent you a message with an example of that. Let me know if you want to connect!

Hi Darren

We use Emerald Land Survey. He has worked with my father for over 20 years and now i work with him as well. He does amazing work for a great price.

Good Luck!

@Darren Chang

Hi Darren

I work as a commercial agent in Multi-family, Retail and Office. Without seeing the conditions of the units this is a challenging question to answer. Are the rents at market? Is it a modern new construction or was it built in the 60s? Are there washers and dryers in the units? All these and more are factors on how to price your building, which I assume is why you are asking about the cap rate.

To give an example, a newish construction (built in the last 5 years), fully leased, modern finishes and market rates might go for the 4.5% cap rate to 5.5% cap rate.

Feel free to send me a DM if you have additional questions. Happy to take a look at it and give a better number!

@Scott Christopher

Hi Scott

Exciting project! I have a project in Shoreline and construction is looking to be around the $200-$250/sf if we do the GC. So I think your projections are a little low. If you are looking to sell I am an agent and would be happy to connect you with some potential buyers. If this interests you shoot me a DM.

@Rachel Lysak

Hi Rachel. Contact a Commercial Retail Leasing Broker. (That’s what I do in Seattle). A broker will be able to get you the best deal and put your space in front of the most potential tenants and save you a ton of time sifting through non-qualified tenants. In addition, Retail Brokers handle lease negotiations all the time. They will do more in a year then most people do in their lifetime. Trust me, their price is well worth it. Feel free to DM me if you have questions!

@Ash Patel

Very good question! First is read your PSA in great deal. If there is nothing in there, talk with a real estate lawyer. Your broker should know a few good ones if you don’t have one. Past that it’s legal advice. Best of luck and let me know how it goes!

Hi Hai

We own a office building near the downtown core of Seattle. We are simply taking the precautions we can such as locking the building down and having no valuables present from the exterior windows, and working with our tenants. After that we are simply glad we have good insurance and we are just on the outside of the vandalized area. 

We do have a retail building though that was hit hard over the weekend, with at least 4 of our tenants being broken into. On that one we are working with our tenants to board up the broken windows, schedule the replacements and get any graffiti painted over or removed as quickly as possible. 

Once again, its important to have good insurance!

Industrial Systems Engineering degree from Virginia Tech! It provides an amazing background on analytics and critical thinking, but now full time real estate.

Signed! Thank you for the heads up. This is going to be difficult for sure.

As a broker I work with some large residential developers. The good news is they are adding their voice to this, the bad news is many are starting to sell off their Seattle properties and move to Shoreline, Lynnwood and other surrounding cities. 

Not that things are that much better in the commercial arena, at least I am seeing more Landlord - Tenant conversations happening on the retail leasing side that puts plans together for everyone to be successful instead of these blanket "I'm not paying rent" statements.