Corporate and Business Migration to AZ is the Perfect Storm for Ground Leases

Recent trends have shown a surge in corporate headquarters, regional branches, and other companies, relocating to business-friendly states including AZ, FL, NC, TN, and TX. These moves are maxing out commercial vacancies in all sectors including retail, industrial, and despite the post-pandemic work-from-home craze, even office. With fewer buildings for sale, business owners are seeking to buy land and build their company vision, but they can’t always make the numbers work. Landowners see an opportunity to ground lease land and reap an annual income versus selling it. There are pros and cons of ground leases for both the landowner and

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FOR LEASE – Bright, Clean & Fully Air Conditioned Scottsdale Airpark Warehouse

FOR LEASE: $17.50 Modified Gross (plus prorate of electric) 15035 N 75th Street, Scottsdale, AZ 85260 Bright, clean and fully air conditioned +/-14,800 SF warehouse located in the heart of the Scottsdale Airpark. Fully insulated with 4 offices, private restrooms and area for a kitchenette. Fully renovated in 2018 with ample parking and room for expansion into additional offices and conference room. DOWNLOAD PROPERTY BROCHURE Property Details 14,800 SF flex warehouse includes 4 private offices, RR and space for kitchenette. Full AC with skylights and windows. Frontage on 75th Street with ample signage opportunities 16’ clear height to bottom of wooden beams 12’ height to exposed duct work and

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The Lease Versus Own Decision

The Lease Versus Own Decision If you’re looking for commercial space for your business, you may be wondering if it’s better to lease or buy. While there are pros and cons to each, the decision should come down to what’s best for your company and your needs. Here’s a look at both options to help guide you during this important decision. Advantages to Leasing Commercial Property No Down Payment While you may have to put down a security deposit when leasing property, it will be a smaller total cost than a down payment. For reference, when purchasing a property with

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For Lease – Peoria Warehouse & Office

FOR LEASE:  $12.50 Modified Gross (net of Electric & Janitorial) 9299 W. Olive Ave, Unit 811, Peoria, AZ 85345 Great opportunity to lease a flex warehouse in one of the fastest growing cities in Arizona. The unit is 75% EVAP warehouse with abundant natural light. 25% AC cooled office, kitchen, RR and reception. Conveniently located at HWY 101 and West Olive Avenue exit. Clear Ceiling Height: 22’ Warehouse Dimensions: 62.5’ X 29.7’ (approx) Power: 200-600A/208V 3P Roll-Up Door: 14’ x 12’ BONUS 600 SF Masonry Floor Above Office DOWNLOAD PROPERTY BROCHURE Property Details Lease rate $12.50 Modified Gross (net of

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Part IV – SimpLEASEity – Commercial Real Estate Overview

We’re going to keep this brief… Before SimpLEASEity’s™ 11-steps of leasing can be executed, it’s necessary to understand a few commercial real estate (CRE) fundamentals. The key to Tenant success is twofold. Appreciate how CRE fundamentals fit into the larger scheme of a lease. Recognize the importance of retaining experienced Tenant Representation to save money on your new lease or renewal. CRE is BIG business. This powerful industry dominates world affairs and it fuels our economy.  CRE is built on long standing relationships with BIG money behind it. From the beginning of time, landowners have held the power. As a

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Part III – SimpLEASEity

Why a Tenant Rep? A Tenant Rep is a highly trained specialist who safeguards lease exposure, manages expectations, analyses each property, and assures the negotiated lease terms are what market conditions dictate as fair.  The Tenant Rep keeps you informed of industry changes, trends and will assist with lease renewals. Think about it, a business owner seldom searches for office space.  At most, a company moves two or three, maybe four times during its business life.  The average lease term is three to five years, sometimes ten. If the lease is written well from the get-go, the Tenant Rep will

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What is SimpLEASEity?

SimpLEASEity, a guide to commercial real estate office leasing, contains confidence-building tools for the layman to utilize when seeking a new business location. It empowers Tenants to negotiate a successful lease and offers tips to identify and hire competent Tenant Representation at no cost to you. There are 11 simple steps to empowerment when leasing office space. Step One – Strategic Economics, the plan Step Two – Market Conditions, a fair lease rate Step Three – Information Gathering, the property search Step Four – Property Tour, possible office options Step Five – Narrow the Prospects, market the Tenant Step Six

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SimpLEASEity – 11 Money-Saving Office Lease Techniques Using a Commercial Real Estate Tenant Representative

“Knowledge is power, and power is $”. This adage used by most businesses is the quintessential equation for the commercial real estate industry. Introduction The commercial real estate arena peeked my interest over twenty-five years ago. I say arena because I equate the lease transaction process to battle by gladiators in Roman times like Maximus, Russell Crowe, in the movie Gladiators. When Maximus entered the arena, he fought for every win. Well, I don’t fight for my life, but as a Commercial Real Estate Tenant Representative I do fight for the best deal for every client on each transaction. Each

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