All Forum Posts by: Rebecca Jao

@Susan Thelen

Thanks for the contact info. I will contact the person when we are ready. 

@Susan Thelen

Yes, please and thank you. 

@Ronald Rohde

I see. That is a good advise. Get information and understand each choice's highest and best value. Lately I noticed that the more info I dig into this, there are a lot of more angles we shall analysis and consider. We currently does not have debt on it and we are still operating the restaurant. 

@Account Closed

Agreed. 

@Ronald Rohde

Yes. We will hire perfectional to review all official documents to be safe. Thanks for the tips. 

@Michael K Gallagher

The nearby grocery stores are Safeway n Frys. 

@Account Closed

Yes. We are in the process of consulting  with local commercial real estate agents too. Thanks

@Joel Owens

Dear Joel, 

Speak of business vaue. Can a leasing broker help me to sell my business and find me a good tenant to lease the building too?  So far, the brokers we spoke to, no one is specifically in both selling business and leasing. Does this kind of broker even exist? It will be nice to sell my business to the good tenant or use it to be part of TI. 

This free-standing building is in a 0.82 acre lot built in 1987 and renovated in 2007 with plenty of parking space (high traffic by the major road / near by ASU).  If I am aiming for the national tenant, what kind of TI per sqft shall I expect, how much security deposit I shall collect and  how many month of rent I shall ask tenant to pay advance to execute the lease (1st and last month of rent or more)? Beside it, whatelse I can do to protect myself from landlord's perspective?

 Best, 

R

@Joel Owens

Dear Joel, 

Speak of business vaue. Can a leasing broker help me to sell my business and find me a good tenant to lease the building too?  So far, the brokers we spoke to, no one is specifically in both selling business and leasing. Does this kind of broker even exist? It will be nice to sell my business to the good tenant or use it to be part of TI, so I don't need to pay out of my pocket.

This free-standing building is in a 0.82 acre lot built in 1987 and renovated in 2007 with plenty of parking space (high traffic by the major road / near by ASU).  If I am aiming for the national tenant, what kind of TI per sqft shall I expect, how much security deposit I shall collect and  how many month of rent I shall ask tenant to pay advance to execute the lease (1st and last month of rent or more)? Beside it, whatelse I can do to protect myself from landlord's perspective?

 Best, 

R

Hello everyone, 

New to this. Please help!! My husband and I own a free standing 5K sqft restaurant building in Tempe, AZ (1 mile away from ASU). We operate an restaurant in this location for 10+ years now. There is a lot of hard work. In the past 3 years, I frequently have investors who is interested in this building and asking the same question, "How much will you sell this building?". My husband and I wonder that what shall we do next, either lease it or sell it. What will be the fair market lease price and sell price in Tempe, AZ. If I lease it, what is a fair CAM per sqft Landlord shall charge beside the base rent in Triple NNN lease? I looked some comparisons on loopnet and other sources. The sell price per sqft ranges from $1,200 to $400. They are such a huge difference. I know the commercial building sell price is related to lease value too. Shall we lease it out first with good tenant to increase the value of the building and sell it done in the road? During our journey in the past, there are few bad experience that we got ripped off, so this time, I am going to do my research and try to make the right decision. Please help and thank you for your time to hear from me. We appreciate.