100 Commercial Ft
100 Commercial Ft
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how do I find a corporate commercial tenant on my own as an owner of a 10,000 sq. ft. office/retail bldg?
the building is located in Fort Worth, Texas.
It is zoned neighborhood store, and is surrounded by a thousand homes of upperclass working families.
All of the other stores in the shopping center are 100 percent leased.
It is anchored by a Wal-Mart neighborhood store across the street.
The shopping center is mainly rented by healthcare professionals such as a pediatric dentist. Orthodontist. The company HealthSouth, Brooke insurance,
there is a corner store off of a boulevard with a large traffic count which would be suitable for a panda express or another pizza restaurant.
Who do I go to so that they can look at the location to determine whether it is for them?
Thankyou!
I have no way of knowing what you do for a living, but imagine someone who works in an entirely different field trying to do your job with some efficiency; in a way that would not end up costing him more money down the road to fix the mess he created. Say, a plumber asking a lawyer where the courthouse is so he can go file his own law suit or a lawyer asking where he can find parts to re-plumb his house.
There are some things that need to be left up to the professionals, and finding a tenant for such a building is one of them. Can you qualify such a tenant? Run credit reports? Ensure their business does not interfere with any language in the other leases? If you have ever had a bad tenant, you will know the difference between handling the eviction yourself and having a professional behind you. One bad tenant can upset the whole building and cost you more time and money than if you had just coughed up a little dough and sought professional help. Have you ever negotiated a commercial lease? Which index do you use to tie your increases with? If you can't answer that question, you need a pro.
Fees and commissions are negotiable. Figure out how much it is worth to you to put the whole thing in someone else's hands and offer that much. If no one will take it except the inexperienced or bottom-feeders, you are not offering people what they are worth.
go to www.loopnet.com and find people who are actively marketing similar properties in your area and pick one. You will never know the peace of mind you purchased because you will avoid a potential nightmare. With a prime piece of real estate like this one, you want to portray a certain image, too. Get a prestigious name on the window. That scares the bad people away!