Commercial Real Estate Broker Proposal
New Office Real Estate for Morell and Dean Inc.
Morell and Dean Inc. is in need of finding real estate for their company. Keely Dunkirk and Spanjer are brokers experienced in commercial real estate law and negotiation. We propose working together to avoid the common pitfalls of less experienced agents and to save you money time and stress.
The goal of Keely Dunkirk and Spanjer is to present commercial real estate opportunities to clients and aid in contract negotiation and offer legal advice. Scout potential commercial real estate opportunities. Provide insightful reliable contract negotiation. Provide legal advice before during and after the purchase.
Clients of Keely Dunkirk and Spanjer can expect exceptional service throughout the entire investment process. The services we offer in typical commercial real estate process will look like the following. Meet with clients and discuss goals finances including current financial net worth assets financial outlook liabilities risks locations and legal considerations and answer any questions clients may have about the real estate process.
Scout potential properties in target locations and perform thorough location analyses of properties. Preview potential properties and assist clients with showings. Negotiate offers and all legal contracts with emphasis on protecting the client throughout the purchase.
Ensure all contract negotiation points contingencies and inspections are met in satisfactory manner. Offer ongoing legal advice.
Keely Dunkirk and Spanjer offer you the best commercial real estate team in Washington State. We adhere to stringent legal and ethical standards of practice and we bring those standards to bear on each and every transaction we oversee. As real estate attorneys we are allowed by law to offer level of service that goes far beyond the normal services of real estate office. We promise to treat each of our clients to the highest level of service available.
- Baker Historical Building Astor Street Spokane WA
- 1924 brick and wood building with floors
- Beautiful location
- High rent district
- Small parking lot with spaces
- 13 square feet
- Grand entrance with marble floors
- One east elevator one west elevator
- Offices with views beautiful wood floors and high ceilings
- Updated electrical with fiber connection at perimeter of building
- HVAC installed
- Handicap access
- Solid lease history with occupancy rate average of 99%
- CBD zoning
Keely Dunkirk and Spanjer have performed thorough business location analysis. Following are the results. Baker Historical Building Astor Street Spokane WA. Location. Built in one of Spokane’s most desirable locations just minutes from downtown Baker Historical Building commands some of the highest rent per square foot in the Spokane area.
Security. The building was built in and has very few security measures in place though the neighborhood itself sees very little crime. Spokane has one of the lowest crime rates in the nation. However security features should be added to the building. Access. There is small parking lot with handicap access adjacent to the building and free street parking.
Streets are narrow one way streets with lighter traffic than the downtown area but still congested during rush hour because of access issues. This is typical of the historical district. Demographics. Spokane is the second largest city in the state.
As of last year there were 941 housing units at an average density of 522.6 per square mile. As of the census ethnic percentages stood at 88.9% White 4.4% Multiracial 3.5% Hispanic 2.5% Asian 2.0% African American 1.5% Native American .6% from other races .2% Pacific Islander. The average household size was 2.32 and the average family size was 2.98. The median income for household in the city was $32 and the median income for family was $41 316..
The per capita income for the city was $18 451. 15.9% of the population and 11.1% of families were below the poverty line. However since February two years ago the population has increased rapidly due to the decrease in the average cost of living and increase in the job market.
Spokane was #49 on the Men's Journal "50 Best Places to Live" list #5 on the Forbes Magazine "Safest Places to Live" list and #35 on the Inc. Magazine "Top US Cities for Doing Business" list. The city enjoys cultural arts the renowned Sacred Heart Hospital and lively downtown district. The city is very much family oriented and enjoys days of sunshine per year with hot summers and cold snowy winters.
Competition. While competition in other districts of Spokane surely exists the historical building has not yet seen any direct competition from neighboring buildings even though it is relatively small building. The tenants at Baker Historical are willing to pay high rent for the views the location and the lofty office spaces. Marketing. Baker Historical Building has never marketed its office spaces yet has lease occupancy average of 99%.
Most tenants are long term and committed to the location.
- Columbia Professional Center Main Street Pasco WA
- 1945 brick and concrete building with great architectural detail
- Easily accessible downtown location
- Ample parking lot with spots
- 17 square feet with lobby
- 3 office suites on main floor and small single offices on 2nd floor
- Updated electrical with fiber connection available
- Offices metered separately for power
- Suites metered separately for water and power
- HVAC installed
- New root two years old
- Handicap access added to main floor
- Yearly lease occupancy rate average of 90%
- C zoning
- Keely Dunkirk and Spanjer have performed thorough business location analysis
- Following are the results
- Columbia Professional Center Main Street Pasco WA
Location. Situated on the Columbia River in Southeastern Washington Pasco is one of the "Tri Cities" of Richland Pasco and Kennewick. Columbia Professional Center is situated just east of the downtown shopping district. Security. The building has security camera at the entrance but this is the only security measure currently in place.
Access. The building has an easily accessible adjacent lot with parking spaces. Traffic can be problem on Main Street but city planners are currently widening the road to put in turn lane. Demographics. The Tri Cities area has a large population and Pasco is the fastest growing city in the state. The ethnic population is about 50% Caucasian and 50% Hispanic.
The median income for household in the city was $34 and the median income for family was $37,342. The per capita income for the city was $13,404. About 19.5% of families and 23.3% of the population were below the poverty line.
While poverty is higher than in other areas of the state the incredible growth of the city will continue to increase opportunities. The city is large hub for food processing companies such as ConAgra Reeser’s and Simplot. The city also has several premium wineries.
Pasco is sunny most of the year has hot summers and cold winters. Competition. Columbia Professional Center is the largest building within mile either way and the closest office building to the shopping district. Though many tenants love the downtown location competition from office buildings in the suburbs is growing.
Updates to the building have enticed tenants to stay. Marketing. Marketing should be aimed at tenants who need their business close to the shopping district. Columbia Professional Center is historical building and that can be marketed. It also boasts fiber throughout the building which is unusual in building of its age and character.
Following are contingencies that Keely Dunkirk and Spanjer would highly recommend as part of any binding negotiation. Baker Historical Building Astor Street Spokane WA. Columbia Professional Center Main Street Pasco WA. Financing. All offers should be contingent upon financing of 80% with an interest rate no higher than 8%.
15 days contingency to allow time for buyer to hire structural engineer or commercial inspector to make report on the building. Unsatisfactory conditions or structural problems will allow the buyers to void the contract up to the 15th day with no loss of earnest money.
15 days contingency to allow time for buyer to hire pest inspector to make report on the building. Unsatisfactory conditions will allow the buyers to void the contract up to the 15th day with no loss of earnest money. Financial Records days contingency to allow time for buyer to review building leases and financial records. Unsatisfactory lease history and or financial records will allow buyer to void contract up until the 15th day with no loss of earnest money.
Furthermore all lease renewals shall cease to be offered on more than month to month basis until closing at which time new owners will negotiate expired leases with tenants. It was pleasure talking with you last week about finding real estate for your company. Believe understand your company’s unique needs and would welcome the chance to work with you. Finding commercial real estate opportunities is both time consuming and highly competitive.
You need broker who is experienced in commercial real estate law and negotiation. Have fourteen years experience in Washington state area working exclusively with commercial real estate seven of which have been as partner in my firm. Understand the demanding nature of the business and am keen at avoiding the common pitfalls of less experienced agents. My knowledge of the legal system and the intricacies of contract negotiation will save you money time and stress.
Am respected contract negotiator and excel at fighting for your best interests without losing out on opportunities. Based on our preliminary discussion have put together this brief proposal. Have taken the liberty of preparing comparisons and features of several potential properties in Eastern Washington for you as know you want to move forward quickly.