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All WF Articles & Links for Tag "Commercial Real Estate Terminology"

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  • library_books Land Acquisition Guide
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    Posted by Eric Hughes, on December 4, 2019
    Article Synopsis

    Locating and acquiring the perfect tract of land to develop can be quite challenging. An experienced developer and its real estate broker can conduct initial due diligence to help avoid costly issues. However, more in-depth inspections and research are necessary before finalizing a purchase. Whether a buyer is planning on developing the site or holding for investment purposes for future resale, the required due diligence remains the same.  

    Bottom line, you need to determine if you can do what you want to do with the property, what is that process going to cost and how long will it take…

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  • library_books Dock Well - Picture with Definition
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    Posted by Steve Watts, on November 8, 2019
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    A dock well is commonly used to provide dock-high loading for a grade-level warehouse. This photo illustrates one of the major advantages for dock wells - the ability to have both dock-high loading/unloading and grade level entry to the building. To use 4’ high containers most effectively, you need to somehow bring the building to the height of the loading platform. One way is to raise the building. Another is to excavate for a below grade level dock well for use as the truck driveway. If you asked designers, they’d probably tell you some combination of the two is most common - i.e., raising the building a bit and lowering the truck well a bit - but less than 4’ -  below grade.

    The dock well has a few disadvantages…

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  • library_books Commercial Warehouse for Lease - Property Categories
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    Posted by Eric Hughes, on January 28, 2012 and Updated on November 7, 2019
    Article Synopsis

    Commercial warehouse” as a label is broadly used to describe a number of types of commercial space typically offered for lease or rent.  For purposes of this article, we will use Five (5) main categories…

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  • library_books Free Rent! Warehouse for Lease! Really? - Let Me Explain...
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    Posted by Eric Hughes, on December 13, 2011 and Updated on August 18, 2019
    Article Synopsis

    “So we need to lease a warehouse - how much free rent can you get us?”  That is a common question I get from my clients.  It generally does not matter if they are local or global, $100k/year or $100mm/year, everyone wants to feel they got the upper-hand or a good “deal”.  But what does “free rent” really mean?

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  • library_books Commercial Warehouse for Lease - A Broker's Definition
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    Posted by Eric Hughes, on May 22, 2011 and Updated on November 7, 2019
    Article Synopsis

    What is commercial warehouse  for lease?  What is commercial warehouse for rent?  They are the same and they are different.  “Commercial” is just a description of the property to indicate an exclusion of residential uses.  “For rent” and “for lease” while basically synonymous, “lease” actually refers to a contractual agreement between a tenant and landlord.  “Warehouse” has many meanings in the sense that a “warehouse” can be used for many purposes and in many manners.  Here are few examples of Commercial Warehouse for Lease…

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  • library_books Dock High Loading - Convert an Existing Facility
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    Posted by Eric Hughes, on May 22, 2011 and Updated on August 18, 2019
    Article Synopsis

    Warehouse space by its nature is designed to house material and products for either distribution, manufacture or some combination thereof.  The distribution and receiving part of this equation almost always requires loading doors at dock high level (48” above the drive area).  When a company is requires a warehouse for lease or rent, this requirement can make or break a deal on a warehouse building.   Sometimes a solution to dock loading in an industrial lease situation can be found in one of the following…

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  • library_books Buildings For Sale – Commercial property by type
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    Posted by Eric Hughes, on May 14, 2011 and Updated on August 18, 2019
    Article Synopsis

    When looking at buildings for sale, it is important that the business owner understand the types of commercial property for sale in the market. 

    Warehouse or Industrial:  These are typically for distribution or manufacturing and can be constructed of metal or masonary materials.  Crane served manufacturing warehouses are typically metal buildings.  Warehouse can be grade level, semi-dock (2′ high) or dock level (4′ high)…

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  • library_books Important Facility Criteria to Consider When Leasing Industrial Warehouse Property
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    Posted by Eric Hughes, on May 6, 2011 and Updated on August 18, 2019
    Article Synopsis

    If you are considering leasing warehouse space and would like to get off to the best start, I advise taking time to define your needs in a facility. Specific criteria to consider…

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  • library_books Types of Commercial Leases - Part 3 - Full Service Lease
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    Posted by Eric Hughes, on November 28, 2010 and Updated on August 11, 2019
    Article Synopsis

    Full Service Lease - Generally applicable to multi-tenant office buildings, this lease has one monthly rate and covers all the costs associated with the property including electrical, janitorial, management, property taxes and property insurance.  A Full Service lease does generally allow for the landlord to pass along any increases in its expenses to the Tenants each year.  This increase is usually calculated by taking the actual expenses for any given year and subtracting the Expense Stop established in the lease.

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  • library_books Types of Commercial Leases - Part 2 - Triple Net (NNN)
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    Posted by Eric Hughes, on November 27, 2010 and Updated on August 11, 2019
    Article Synopsis

    Triple NNN or Triple Net - A NNN lease is set up to have the Tenant pay a base rental amount each month to the Landlord.  In addition to the base rent, the Tenant also pays all other expenses associated with the property such as property taxes, insurance and maintenance.  NNN leases differ from true or absolute NNN leases usually only in landlord responsibilities.  For example, a True NNN lease usually has no landlord responsibility where a general NNN lease may call for the Landlord to maintain the roof, walls and foundation…or some combination thereof.  These leases can be used for all types of commercial properties and almost always apply to single user, leased property.

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  • library_books Industrial Gross Lease - Types of Commercial Leases - Part 1
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    Posted by Eric Hughes,
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    The Cogs of Industrial Leasing ThumbnailIndustrial Gross Lease - This lease type is common in multi-tenant industrial properties. This warehouse lease type requires the tenant to pay one base monthly rent which covers the property expenses, management and Common Area Maintenance (CAM).

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  • library_books Dock High Loading - Picture with Definition
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    Posted by Eric Hughes, on November 25, 2010 and Updated on August 17, 2019
    Article Synopsis

    Dock high – Where the height of the slab at the bottom of the overhead door is approximately 4’ above the ground level.  This is a standard height for most shipping containers…

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  • library_books Why Use a Commercial Real Estate Brokerage
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    Posted by Eric Hughes, on September 23, 2010 and Updated on August 17, 2019
    Article Synopsis

    Market Knowledge

    As seasoned commercial real estate brokers, we have a firm grasp on our market. We know which buildings are available, understand restrictions, zoning, are aware of proposed developments and are up to date on comparable sales or rents.

    Experienced Negotiators


    With 100’s of transactions negotiated, we are experts at closing a deal. Our specialty is “thinking outside the box” to get deals done that may be difficult.

    Contracts/Document Understanding


    Having vast experience with commercial earnest money and lease contracts helps prevent many legal hurdles that arise when the client’s attorney gets the documentation. Also, we make suggestions and point out red flags to legal counsel to avoid problems for our clients.

    Financing



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  • library_books Types Of Commercial Real Estate Leases
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    Posted by Eric Hughes, on September 23, 2010 and Updated on August 18, 2019
    Article Synopsis

    In my 19 years of commercial real estate leasing, both in warehouse and office, I have seen hundreds of lease documents with many arrangements of rent and responsibilities. The basic and most used are as follows…

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  • library_books Entering Into a Commercial Lease Agreement - A Guide From a Broker
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    Posted by Eric Hughes,
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    A guide to entering into a commercial lease agreement written by a commercial real estate veteran.

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  • library_books 6 Tips When Looking To Purchase Land
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    Posted by Eric Hughes, on September 23, 2010 and Updated on August 18, 2019
    Article Synopsis

    The following are a few of about 40 checklist items we typically cover in our due diligence when assisting clients:

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  • library_books Warehouse Loading Types
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    Posted by Eric Hughes, on September 23, 2010 and Updated on August 18, 2019
    Article Synopsis

    Distribution, manufacturing, service, fabrication, storage and many other uses occupy millions of warehouses around the world. Goods go in, goods go out, machinery goes in, machinery goes out - and on and on.

    Understanding the types of access to these warehouses is imperative when evaluating business needs and alternative facilities available. In this article we will explore several widely used loading types…

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  • library_books Property Due Diligence Guide
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    Posted by Eric Hughes, on September 23, 2010 and Updated on August 18, 2019
    Article Synopsis

    So you found your perfect office and/or warehouse. It is the right square footage, has adequate ceiling heights and yard area and is in a good location. You just went under contract at the Title Company. Now what?…

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