For investors looking for a long-term steady source of income with minimal risk, a triple net lease offers a promising prospect. Unlike double net leases, which require tenants to pay some degree of the rented property’s maintenance costs, real estate taxes, fees, and property insurance, a triple net lease requires the tenant to pay all
Sale of Checker’s Drive-In For Oregon-based real estate developer Michael Pearson, it was the perfect storm. For nine years, he’d owned an investment property in Augusta, GA—a Checker’s Drive-in restaurant with about $415,000 of 1031-exchange deferred taxes on it. The tenant, Star Chain, was a longtime 27-unit Checkers franchisee that had recently declared bankruptcy because
You've probably seen ceiling height called out in listings for warehouses and manufacturing buildings. But why should that number matter to you? What is "clear ceiling height"? "Clear ceiling height" is the height at which product can safely be stored on racking. It's also defined as the height of a building from the floor to the bottom of the
In a commercial real estate transaction, a seller can leave a lot of money on the table if the buyer is well represented and they are not. Worse still, the seller may look to the buyer’s broker for advice and mistakenly believe that they are being represented and receiving advice that is in their best
Roll-up Doors are a defining feature of industrial buildings, and it's important for users and investors to know some the details regarding their selection, use, and construction. What are different kinds of industrial building doors? There are a few different types of industrial doors; overhead doors, roll-up doors, and scissor doors. Here's an overview with
Professional photography is an often overlooked element of a commercial property listing. With great photos, your property will sell faster, for more money, and with more offers. It's incredibly important, but many commercial brokers skip this step and use Google Maps pics, GIS photos, or even no photos--to the incredible detriment of their client. “A
