Canada is valued for its economic stability, government regulatory transparency, strong private-property rights and low-volatility marketplace. While residential real estate lease rates may be quoted in an annual sum or a monthly rent, commercial real estate is customarily quoted in annual rental dollars per square foot. However, if represented by an experienced broker or if the landlord is familiar to the area, the estimate will most likely be very close to actual. We have the strength and reach of an international real estate group, with the local knowledge needed to deliver a premium result. Investing in commercial real estate can be lucrative and serve as a good hedge against the volatility of the stock market.
If there are circumstances surrounding your situation that require this, it could be possible to organise a fast sale in order to get you free of your commercial real estate as fast as possible. The acquisitions team may want to investigate the rent roll, existing vendor contracts, city permits, insurance policies, etc.. The acquisitions firm may hire a third party to conduct an appraisal, environmental reports, traffic counts, and more. Richard M. Wellford brings 28 years of commercial real estate experience to Poe & Cronk.
Our commercial property sales department is here to work around the clock so you’ll get the outcome you need, whether it be a sale or leasing agreement. Taught by established practitioners, CCIM Institute’s real-world education is your source for commercial real estate analysis tools, business-building connections, and more. If you are an investor seeking to expand your real estate interests, our Real Estate lawyers can provide the cutting-edge, strategic advice you need to take your investments to the next level. Download a PowerPoint presentation about commercial real estate activity in Fairfax County.
Darrell Morris, a native Virginian, is a Vice President with Poe & Cronk Real Estate Group, where he is involved in both the sales and leasing of investment properties. Jim Breitenfeld of Henry S. Miller Brokerage handled the sale with Bobby Apple of Keller Williams North Country. Generally, anything larger than a fourplex is considered commercial real estate.
Fairfax County is actively preserving and enhancing its mature commercial and residential areas through a number of wide-ranging revitalization initiatives. Younger Partners’ Ben McCutchin brokered the sale by Boilermaker Investments LLC, which was represented by Whisenhant Properties. A word of advice Mr. Dyer: I would refrain from discussing the local county economy or commercial real estate development in the future. Finally, if your end goal is to build up a property portfolio of investment commercial property, Elders can help you as well.