Our Listing Services:
1. Commercial Brokerage
2. Property Management & Leasing
Capp Commercial's brokerage team is committed to doing what it takes to get the job done. Our comprehensive perspective of the market allows us to better serve our clients as they work through their decisions to buy or sell property. Our approach is straightforward - a strategy that meets our clients’ real estate needs. For end users, we understand that real estate decisions impact businesses both financially as well as operationally. For investors, we assist with realistic analysis and assessment of potential real estate investments. We work closely with our clients to fully understand their goals and to deliver results that add value to their business or investment portfolios. With access to both local and global market research and analysis, our brokerage team is fully-equipped to target specific properties that will meet the objectives determined by our clients.
In addition to a seasoned team of professionals, Capp Commercial offers fully-integrated services for both buyer and seller representation. Assignments include investment analysis, basic preparation of contracts, due diligence services, owner and tenant leasing, acquisitions, sales, marketing and consulting. We offer these services to owners, tenants and investors. Additionally, Capp Commercial's internal system of shared information provides our clients with a wide variety of information useful for achieving an advantage in making a well-informed real estate decision. As a Capp Commercial client, you are our top priority. Our capable team is dedicated to providing you the highest quality customer service so that your real estate experience is a positive one.
Our long-term relationships with owners and tenants are a symbol of our hard work and dedication. Capp Commercial's goal is to secure and maximize the value of your property while leveraging your investment. We are committed to meeting the needs of our clients and their tenants which is why our team of professionals will handle your property hands-on with honesty and integrity.
Capp Commercial works with high net worth individuals, REIT's, and institutions, and acts as the "eyes and ears" of investor groups seeking to place funds in commercial real estate. Our approach to investment grade properties includes project coordination, marketing, and follow-through for the entire project that creates both deliverable results and quick response to changing requirements and market conditions. We identify solutions and help our clients make informed, competitive real estate investment decisions in order to maximize their financial return. Our clients benefit from our local market expertise coupled with our national investment advisory services while enjoying the benefits of asset growth as part of their overall portfolio. In this fast-paced market, investors need sophisticated financial analysis capabilities to address everchanging market conditions. Our investors represent private, institutional and 1031 exchange buyers.
Our commercial leasing division represents both the needs of landlords and tenants. The local area listing portfolio consists of well over a million square feet of commercial space and we utilize both local and national marketing techniques to ensure that the properties we lease are successful. As a landlord client, you can expect a broad reach of effective tenant prospecting, valuable market expertise in each sector of the market, financial analysis of lease deals, tenant credibility, thorough lease negotiation, construction knowledge and coordination of upfit. Capp Commercial represents tenants with the same care and high-level of customer service. Our tenant clients can expect an extensive evaluation of corporate real estate needs, goals and objectives. Not only will we provide your business with detailed market information, lease review and advice, but we will also go further with financial analysis, space planning assistance and complete support in construction and upfitting process. Additionally, we offer both landlords and tenants consultation services based on a flat fee for various leasing needs.Our responsive and hands-on team is dedicated to serving our clients’ ever-changing real estate needs. For more information on Capp Commercial's Commercial Leasing Services, contact Kenneth Ready at (858) 602-7800.
The Leasing Process
Leasing space for a business can be a complicated process. There are several variables to consider from location to cost and even more factors when it comes time to signing a lease. Below are general guidelines for how the leasing process works and what you should expect as a business owner. The scenario below offers a general summary of the leasing process. The steps may vary depending on a variety of factors.
1. Identify Needs: Location: Location is possibly the most-used word in real estate and there's a reason for it. Location affects your visibility, the quality of your space and the value. Ask the simple questions - Where are our customers? Our market region? Our employees? What other businesses offer a synergistic relationship? Where is the competition located? Cost: A good term to learn when speaking about cost is "effective rent." Your monthly rent will be determined by a few variables: lease rate per square foot, free rent or other concessions provided by the owner, utilities and other costs if the lease is Triple Net, additional tenant improvements that are amortized into the rent, and annual rental increases as provided for in your lease. See the sections on Lease Types and Calculating Rent to learn more. Type of Space: The type of space you need is going to be determined by the type of product or service you provide. See the section on Property Types.
2. Looking for space: Looking for space can be done a number of ways. One option is to drive the market and call the listing agents of the properties that match your criteria. The challenge is you won't know anything about the property or it's asking rate until you call. Another option is to secure the services of a tenant representative. They can show you what's available in the market in the locations and price ranges you want. The next step is to tour your top picks and perform the analysis on which property best fits your business needs.
3. Letter of Intent: A Letter of Intent is sent to a property owner stating your intent or desire to enter into a lease agreement at their property. These agreements are not leases so they are non-commital in nature but they do establish your intent to negotiate a term with the landlord.
4. Lease Negotiations: Lease negotiations involve several factors including lease rate, length of term, concessions, rate bumps, and renewal options. There are typically many sections of a lease that establish the terms of your agreement with the owner. The negotiations occur regarding these points and can take anywhere from a few days to several weeks or months to complete depending on the complexity of the lease. An owner will also want to establish your financial credibility as a tenant - in other words, your trustworthiness to pay the rent due the owner as part of your agreement. Financials and other documents are used to establish this credibility.
5. Target Occupancy Date: The date set for occupancy can be subject to change depending on the amount of tenant improvements (TIs) that are required. These improvements come in many forms starting with simple paint and carpet to constructing demising walls. The more complex the TI, the more likely the target date will change. The critical stage in this process is when the TIs are completed and a Certificate of Occupancy has been issued for the space.
6. Move In: The fun part begins!
Pricing is attractive today, so investors may see high returns on their money. Bringing good properties to market this spring will make 2008
a great year for investment.
e-mail:cappcommercial@gmail.com