All Forum Posts by: Jonathan Orr

 We are on the west coast where rates are much higher.  That 200 is all in cost I might add including land.  individual HVAC, 3 phase electric, wifi.  More than just a box.  It is also CMU block

 Light industrial <2k sq ft per space (varies).  Warehouse use from contractors to people looking for larger storage spaces for cars, things, boats.  West side of the valley, rents vary based on sq footage (gross leases)

Hi BP

Have a commercial/industrial property I am looking to start leasing in the Phoenix Arizona area.  It is a larger property with a lot of spaces to market, when you look at a traditional type of leasing structure of paying commissions it is hard for agents to justify because it is smaller spaces.  Basically, some agents I have spoken too don't want to make the effort to lease a bunch of smaller spaces.

This has brought on the question of alternative ways to structure a listing agreement.  I have thought of a flat fee for each space or even a monthly amount (although I would prefer more incentive based).  Any thoughts?

Also, any AZ agents or brokers know if there are limitations I need to watch out for?

 I am former SoCal, if you have any recommendation of CM firms, I would appreciate it. Shoot me a PM

Looking for suggestions BP

I am doing a commercial project that I will break ground in the coming months. In working with the GC we have chosen, we have been able to reduce some costs to maximize profitability. That being said, with the current market costs and conditions I have been brainstorming on going with a totally different construction type for future projects. I don’t know if I am looking in the right places but I wanted to see if anyone has suggestions of where or what type of group/firm would help me evaluate and compare costs of going with a different building system, such as metal vs CMU vs tilt up or comparing roof systems and breaking down the pros and cons etc. I realize this can differ per geographical areas and city restrictions but I want a jumping off point if there is a general cost saving for tilt up or for another type of material. It seems to me that GCs just want to bid on plans and architects want to be told what to draw. I need a firm that can take a larger view at a scenario and help me break down the potential for future projects. In your opinion am I looking for a construction management company? Or should I ask for something specific? Or just find a GC who will go through that exercise? Any help pointing me into a direction is appreciated. I have a full set of CDs that can be the base model since the scope and use will be similar for other projects. Any recommendations of who to look for and what to ask would be appreciated.

@Russell Brazil thank you for the straightforward answer. In doing more research, I was coming to that conclusion, but wanted to confirm. That is unfortunate but to each their own I guess. I will have to find an alternative way.

Hi BP.  I have a property in Arizona that I will be selling in about a year.  I do not live in the state but since I am actively doing deals in Arizona and for the foreseeable future, it crossed my mind of looking into getting a AZ RE license.  After some initial research I think I am more confused than I started.  I have discovered that AZ has no reciprocity with any state.  That being said, I can't get a straight answer on if I can even get a RE sales licensed if I live out of state or not.  If you have any experience on if I can obtain a license or alternatives on how I could possibly handle things, it would be appreciated.  Thank you!

Hi @Chris Heppner awesome business and cool to see your focus on assisting those that served our country and putting the Kingdom first.  If you find yourself interested in looking for partners or opportunities on the west coast.  Let me know.

Have been presented with an opportunity for a few self storage facilities.  New asset to me and trying to learn quickly. 

Looking for a Self Storage development and acquisition Pro forma template.  Thanks.

@Michael Doherty

We tweaked our site plan and had to go back for city approval. We are in capital raising mode to get the LP equity needed. Timeline is now break ground middle q2. Cost varies on building type. We are 200psf but have to do certain things per our design guidelines. Other methods and types could be in that 120-150 psf range depending on what amenities you provide.