Brandon Harris @ChicoLeasing
Commercial Real Estate in Chico, CA and the Northern Sacramento Valley. Brandon Harris, Principal Broker @HarrisCRE ChicoLeasing.com Chico, CA Joined February 2011-
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@BuildtoSuitBurt Cash grab! 1. Walk and wait. 2. Will likely take less. Send them the draft PSA right away with it increased $50k (since you're still negotiating) as a final offer. Gets real when they feel they just took you for $50k. Costs nothing and moves the deal forward.
@TripleNetTyler Our new agents are taught to focus first on tenants to get the ball rolling. Consistently bring the tenants and landlords notice. You'll convert some to clients. Tenants turn into buyers/landlords. Takes a time investment up front in CRE. We're in a secondary market which helps.
@shawngorham Insurance companies will adjust your rate or issue non-renewals based upon these aerial images of your roof.. no on-site inspection necessary.
@shawngorham Yes 10 yr leak free warranty. Requires an annual $250 cleaning/inspection.. which I pay for already every fall
@shawngorham Mule-Hide Silicone with fabric embedded in the primer. Silicone mastic around the edges and HVAC units. Never had this application done, so we'll see 🤞
@shawngorham If it only costs me $0.025/SF/Mo and I never have to worry about a roof leak, seems it pays for itself with happy tenants/minimized vacancy.. also no pushback when rents go up. A leaky roof hurts fmv negotiations even years after it happens. Going for it on this building
If you have a lease expiring in the next two years, now is the time to start planning Why so far out? 1. Explore the market: understand where pricing is, what your needs are, and how you’ll identify your new space 2. Be prepared for your option to renew: it’s best to fully understand your options prior to discussing a renewal with your landlord 3. The process takes time: you should allocate - 3 months to exploring the market - 2 months to negotiating LOIs - 2 months to negotiate a lease - 1 month to design/permit sets - 2 months to permitting - Minimum of 2 months for TIs That’s a full year. Depending on the size of your space it could very likely require additional time, especially for construction. 4. You need to give yourself time to walk away from a deal that’s not right for you. The more time you give yourself, the better off you’ll be and the less time intensive the work required will be. Then again, you could always wing it, too. I’ll bet the landlord doesn’t notice.
Starting Oct 1, the fees for SOME SBA 7(a) loans will be changing. The SBA Guarantee fee is the main fee involved in getting an SBA 7(a) loan. It’s charged on the guaranteed portion of the loan only, which in most cases is 75%. This fee is set by the SBA.
We bought a strip mall with 7 vacancies. Purchase price: $2.6M We leased the 7 vacancies. Sale price: $7.5M Leasing strategy is the key in retail.
Just in: 71% of commercial construction contractors say they are experiencing at least one shortage in building products and materials, a 17-point increase from 54% last quarter. #CCI bit.ly/36YnfnU.
The biggest risk factor in any RE deal: The leasing. You can have a killer space in a killer spot but if you can't get a killer price for it you're toast. LIFE IS SALES
It's my job to represent tenants and this is absolutely true. Small business will bear the $12B burden of Proposition 15. #NoOnProp15 #CRE #TENANTREP
Failing to understand how small businesses operate is another problem for Prop 15. Small business renters will pay higher rents due to Prop 15’s failure to protect Main Street businesses. That deserves another F. #NOonProp15 #Prop15ReportCard #DontTaxSmallBiz
The highest grossing single independent restaurant is … Joe’s Stone Crab in Miami. $38.4M. restaurantbusinessonline.com/top-100-indepe… See the whole list here: restaurantbusinessonline.com/top-100-indepe…
@ButteSheriff And now Nord Hwy east of the railroad is flooding including Carmen Lane
@ButteSheriff Need to include Nord Hwy east of railroad in this asap
Global commercial real estate prices now stand 78% higher than the low point set in 2009. The strongest period of growth over this period was from 2012 to 2015 when prices hit a 9.7% compound average growth rate. @realcapital has more: rcanalytics.com/prices-growth-… #RCACPPI #CRE
US. Change in # of retail stores b/t 2007 and 2017 Dollar stores +11.2K Convenience & gas +8.7K Drugstores +5.6K Liquor stores +3.5K Discount dept stores +3.4K Consumer electronics -6.4K Apparel -4.1K Books -1.1K Office supplies -865 Mass merchandise -791 (Nielsen TDLinx)
Beth Anne Grib @BCCommercial
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