ComReal Industrial Real Estate Podcast

5 Questions to Ask Before Hiring a Leasing Broker - Episode 11 Podcast

Thanks for following us! This is Episode 11 of our Industrial Real Estate Podcast. We are discussing the top 5 questions to ask when hiring a new leasing broker, or a broker for a sale of an industrial building. You can read our article on our Blog page under our website: www.warehousesmarket.com/Blog

Here are the questions to keep in mind.

1. Does this leasing firm have a good reputation?

Do your research online, check for what they've done and current listings.  Ask list of deals. Also references you can rely on. Be sure they don't have conflict of interest by having competing properties.

2. How well does this firm know the local market?

Check how long the firm has been in business. Ask about lease rates, sale comparables. Plus what target tenants or buyers they'll target.

3. How well does this firm know your specific property type?

Do they do all real estate, commercial or only industrial? Your property requires attention so be sure the agent specializes on your property. In many markets, including Miami, residential agents tend to list commercial properties. This can create delays and mis-pricing of properties as these agents are not experienced on commercial real estate. 

4. What channels would the broker use to market your property?

As to show you a map of all marketing outlets they’ll use.

5. What other services does this brokerage firm offer?

Do they have a networks of service providers? Including management company, contractors.

 

Featured Property: 405 E 10th Ct: +/- 40,000SF. For lease in Hialeah. Only $8/SF Industrial gross.

 

Industrial Tip: When selecting a broker to do the leasing and/or sales, consider choosing a team, rather than individuals. This will ensure your property is well serviced and exposed.

 

Thanks for watching and for your following us. Please Subscribe and/or leave your questions or comments. Stayed tuned for more episodes.

You can find us on Social Media at:

 

Instagram: @edisonindustrial

 

Twitter: @edisoncre

 

Linkedin: Edison Vasquez PA.

Sale-Leaseback on Industrial Real Estate - Episode 10

Thanks for following us! This is Episode 10 of our Industrial Real Estate Podcast. We are covering the topic of Sale-Leaseback, following an article we posted on our Blog.

Sale-Leaseback can be defined as a transaction in which the seller of an asset is able to lease out the property from the buyer immediately after the sale is finalized. Most businesses will engage in a sale leaseback when trying to free up capital by untying cash in an asset or other investments without getting rid of the resource that is vital to operations.

Seller Benefits:

Free Up Capital to work at higher rate of return.

Lock market price.

Maintain business as usual

Less Management

Easier than Financing

Buyer Advantages:

Predictable rate of return

Customized lease terms

You can check out the full article on our Blog: https://www.warehousesmarket.com/what-is-a-sale-leaseback-on-industrial-properties

For this Episode our Featured Listing is : 12707 Le Jenue Rd, Up to 75,000SF of cooler space for lease in Miami, Florida.

Industrial Tip: During negotiations of Sale-Leaseback, remember that owners can ask for improvements from the new owner. In this case, when the owner becomes a tenant, they could get concessions or free rent to make certain improvements.

Thanks for following us. Check us on Social Media:

Instagram: @edisonindustrial

Twitter: @edisoncre

Linkedin: Edison Vasquez PA Tune in for another episode next week.

Q2 Industrial Market Report 2020 Miami - Episode 9

During Q2 2020, the economy saw one of the hardest financial crisis in decades, due to the coronavirus. Despite that, Industrial real estate performed relatively well, including here in Miami. On Episode 9 of the podcast, Edison brings us the latest statistics for this quarter. One interesting milestone for the market was that it crossed 250,000,000SF in inventory.

The Statistics for this quarter were:

Vacancy Rate: 5.3%

Average Lease Rate: 12.55/SF

Average Sale Price: $155/SF

We featured our listing at 1800 NW 89th PL. +/- 106,046SF For Sale or Lease.

The Industrial Market continues strong even after Covid-19 pandemic.

Follow us on Instagram @edisonindustrial on Twitter @edisoncre and Linkedin at Edison Vasquez PA.

Thanks for following us

Last Mile Warehouses, Popular Now, What are these? Episode 8 Podcast

"Last Mile" warehouses have become very popular in the industrial real estate world. So what are these? Edison explains what's classified as "last mile" warehouses. How the rise of e-commerce has created a huge demand for these properties. A trend expected to continue. Location, location, location matters on industrial real estate too. That means competition for land with other real estate sectors. As demand increases developers also look at two-story warehouses or multi story warehouses, popular in Asia and other countries. You can read our entire article at https://www.warehousesmarket.com/last-mile-warehouses-are-popular-now-what-are-these.

 

Also, we bring you our industrial tip for this episode. What to do if a tenant's use is heavy industrial and there is concerns of environmental issues. 

You can watch this episode on video on our Youtube channel:

https://youtu.be/iJeGVgKlA6A 

Thanks for following us! Leave us your questions or comments. 

Q1 2019 - Miami Industrial Real Estate Market Report

Thanks for tuning into all of our episodes! On this episode we go over the statistics for the first quarter of 2019 on Miami's industrial real estate market. Reviewing lease rates, vacancy rates and all the large leases and sales done on the market. 

Market continues its strong trends forward and the statistics show it. 

If you have any questions or need more details on any statistics, feel free to reach out to us at 786-433-2380 or visit us at www.MiamiIndustrialTeam.com 

 

Buying a Warehouse Building? 8 Invaluable Steps in the Due Diligence Process - Episode 5

Thanks tuning in to our Podcast! We try to bring helpful information on buying, leasing and selling industrial properties. In this episode we breakdown 8 invaluable steps Buyers should do during the due diligence phase of buying a property. The entire article is posted on our LinkedIn page: https://www.linkedin.com/pulse/buying-warehouse-building-8-invaluable-steps-due-edison-vasquez-ccim/ 

Steps include:

1. Hire a Third Party to conduct Financial Audit
2. Complete a property condition Assessment
3. Do a market survey
4. Audit Leases
5. Complete Tittle search
6. Conduct a site survey
7. Do an environmental site survey
8. Get an appraisal

On the industrial Tip, we discuss why  by waiting for the "right deal" you might miss out on great opportunities. 

Talk to you on the next episode. Leave us your feedback or questions. Thanks! 

Can Solar Systems Help You with Energy Cost on you Buildings? Let's find Out! Episode 6

Thanks for following us. On this Episode we feature a presentation from our friend at West Renewables. They explain the detail Solar Systems Components for Commercial buildings. These include:

How Does Solar Works and

Why Use it?

Cash Flow, Tax Benefit, Solar System Depreciation, Energy Independence, Increased property values

How to Finance Solar Projects?

Energy Storage

Hope you find they episode helpful for your commercial building. Keep checking us on our website and social media. We'd love to hear your feedback. Talk to you in the next Episode. 

 

The "Amazon Effect" on Industrial Real Estate - Episode 4

What effect is Amazon having on the Industrial Real Estate industry. In this Episode we discussed how Amazon has ignited the demand for warehouse space worldwide. Not only caused by themselves but also by suppliers and competitors that have to take warehouse space to meet the customer demands. 

Consider that Amazon didn't have a warehouse footprint in Miami 5 years ago and today they occupy over 1.5 million square feet. During this same time rents and sale prices have increased substantially. 

On today's Industrial Tip, we talk about what landlord should do  when a tenant leaves and get the space ready for the next tenant. 

Thanks for listening! Please leave us any feedback! 

FAQ From Landlords and Tenants of Warehouse Space - Episode 3

Episode 3 of our Industrial Real Estate Podcast! We listen to our client so we put together a short episode of FAQ (Frequently Asked Questions) from Landlord and Tenants of Industrial Space. 

We explain what's a gross and NNN lease, items needed to lease a warehouse space, how to deal with a new tenant that has no financial records. 

Feel free to send us you questions and we'll give you some feedback and feature it on future episodes. 

Check out our Industrial Tip: What to do if a Tenant needs time to get permits for his business? Hear an example of how we helped a landlord work with a tenant that needed to get permits after signing a lease agreement. 

Thanks for listening! Please leave us any feedback. 

4Q 2018 - Miami Industrial Market Report

Episode 2 of our Industrial Real Estate Podcast! In this episode, we go over the statistics for Miami's Industrial Real Estate Market during the 4Q 2018. Is it still as strong as ever or are we seeing a decline activity? We discuss the vacancy rate, lease absorption, lease rates, average sales prices. Plus, we run down over the largest leases and sales for the quarter. 

What's next for 2019? Would Landlords and Sellers continue continue having advantage or would it be the turn for Tenants and Buyers? 

Tune in to hear our Industrial Tip for this episode. Should I present and LOI or go straight to purchase contract? Listen to our suggestions for buyers of warehouse space in Miami.  

Thanks for Listening! Please leave us any feedback.