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I Need To Learn About Leasing And Purchasing Commercial Real Estate.?

By Brian and Jeff On June 12, 2009 Under Commercial Real Estate Loans

My company needs a new shop space (our lease is up) in the neighborhood of 12 – 15000 square feet (New Brunswick, NJ area); I’d like to learn what I should expect in terms of prices, financing, etc.

3 comments - add yours
iris

June 12, 2009

Find a Real Estate professional in your area who specializes in commercial properties. They are the best qualified(and know the market) better than anyone in your area! Be sure to give him/her specific details of what you need as well as price ranges! This helps narrow down the process! Good Luck!
P.S. find a real estate online and look up their available commercial properties…this can also give you an idea of pricing and availability!

Mr Real Estate

June 12, 2009

I would start with working with a good commercial Realtor. I have met Realtors across the country and can refer you to a good one. If you’d like to be referred to a good one, send me an email to kamaliteam @ gmail . com

How To Plant Orchids

June 12, 2009

If I were you, I would shop around. Look online and in magazines. You can also call different businesses and ask them how much their cost is for their building. I own two businesses. One was $75,000 and the other was $650,000. So, it just depends on the location and if you can find a good deal. Shop around and get the average of the prices. That will give you a little leverage when you are comprimising on price.
Also, make sure the building can be converted into the time of business you are looking to build. Imagine what you want and see if that building can do that for you.