Milato Realty Group Commercial

Milato Realty Group

Commercial Real Estate

Commercial real estate refers to properties that are used for commercial purposes, such as offices, retail stores, industrial buildings, warehouses, and multifamily residential properties (apartment complexes). It involves the buying, selling, leasing, and development of properties primarily intended for business or investment purposes.

Commercial real estate transactions often involve different considerations compared to residential real estate, such as longer lease terms, higher property values, and specific zoning and regulatory requirements. Commercial real estate can be an investment opportunity for individuals, companies, and institutions, offering potential income through rental or lease agreements and potential appreciation in property value over time.

Milato Realty Group

Commercial Real Estate Process

The commercial real estate process can vary depending on the specific transaction and parties involved. Here is a general overview of the commercial real estate process:

  1.  Determine your investment goals and objectives for acquiring or selling commercial real estate. Consider factors such as location, property type, budget, expected return on investment, and desired timeline.

  2. Hire a commercial real estate broker or agent who specializes in the desired property type and market. They can assist in finding suitable properties or potential buyers, provide market insights, and guide you through the process.

3. Conduct a thorough search for properties that meet your criteria. Evaluate properties based on factors such as location, size, condition, zoning, potential income or rental value, and future development potential. 

4. Secure financing for the property if needed. Work with lenders or financial institutions to obtain a commercial mortgage or other financing options. 

5. Negotiation and offer: Once you have identified a property of interest, negotiate the terms and conditions of the purchase or sale. This includes price, financing contingencies, closing dates, and any other specific terms relevant to the transaction.

6. Draft and execute a purchase and sale agreement (PSA) that outlines the terms and conditions of the transaction.

7. Conduct a comprehensive due diligence period to verify all aspects of the property, including financial, legal, and physical aspects. This may involve property surveys, title searches, lease reviews, financial audits, and other inspections. 

7: Coordinate with all parties involved, including attorneys, title companies, lenders, and escrow agents, to complete the closing process. Sign necessary documents, transfer funds, and officially transfer ownership of the property. 

8. Post-closing activities: After the closing, manage any post-closing requirements or obligations, such as property management, lease negotiations, tenant improvements, or ongoing maintenance.

It’s important to note that the commercial real estate process can be complex and involve various legal, financial, and logistical considerations. Working with experienced professionals and conducting thorough due diligence is crucial for a successful commercial real estate transaction.

Milato Realty Group

Ready for your next commercial property?

We’ve opened and operated multiple businesses and have a family business background so we know what it takes and all the ins and outs when it comes to Commercial Real Estate and buying or selling businesses.

Leave us a message, or give us a call to schedule an in-person appointment to go over your business or commercial investment needs! 

The time it takes to lease or sell a commercial property can vary significantly depending on factors such as market conditions, property location, demand, pricing, and the specific characteristics of the property. It can range from a few weeks to several months or longer. Working with a commercial real estate agent can help expedite the process and increase your chances of finding suitable tenants or buyers.

Tax benefits and incentives for commercial property owners can vary based on the jurisdiction and specific programs available. In some cases, there may be tax deductions for expenses related to property ownership, depreciation benefits, or specific incentives aimed at promoting economic development, such as tax abatements or credits. Consult with a tax professional or local authorities to understand the specific tax benefits and incentives applicable to your commercial property.

The value of a commercial property is typically determined through a combination of factors, including the property’s income potential, comparable sales in the area, market conditions, and the property’s physical characteristics. It may involve methods such as income capitalization, sales comparison, and cost approaches. Consulting with a commercial real estate appraiser or valuation expert can provide a more accurate and detailed assessment of the property’s value.

The right type of commercial property depends on various factors, including your industry, business needs, location preferences, space requirements, and budget. Consider factors such as the type of business you operate, the target market, accessibility, zoning regulations, and the potential for growth or expansion.

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What Customers Are Saying

"Ms. Maroun is very knowledgeable from residential to commercial properties. She really takes the time to listen to your wants as well as your needs. She makes sure every precaution is taken to insure your experience goes smoothly. She is SUCH a professional. I can not thank her enough for( as a first time buyer) for making this such an effortless chore on my part. I will use her in all my real estate transactions and will recommend her with confidence to anyone looking for a home or a business."
zuser20160714093928963
Home Buyer
"We recently bought a home in Hemet and we weee fortunate to work with Megdalene. She made our first home buying experience so easy . She was always available to show us all the properties we had looked at before buying our home . The attention and knowledge we received made us feel very confident to have Megdalene handle everything from beginning to end . She really was very helpful answering all the questions we had . Thank you for the great service and thank you for our beautiful home .."
elim7073
Home Buyer

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