The first step in finding for a commercial property is identify right property type and location for your business, or if you are an investor, identify your investment criteria. Once, you’ve identified these characteristics, its time to begin your search.
There are several high ranking real estate websites used for searching commercial properties, including LoopNet, CoStar, PropertyLine, CCIM, Gulf Coast Commercial Multiple Listing Service, and more. Professional agents and brokers often have professional designations or pay for these services and likely have access to information that may not be available for view by the general public.
If there are no active listings of properties that meet your needs, additional search options include driving the area in search of signs for lease or sale by owner. Further, if a property is not listed for sale or lease, it may be possible to contact property owners directly to see of their property might be available for sale or lease.
Overall, searching for commercial property can be overwhelming for a lot of people. Most experienced buyers, sellers, and business operators hire professional real estate agents and brokers to assist them with this task. Those new to the commercial market may not realize that there is no out-of-pocket expense to work exclusively with a buyer’s agent to represent them and their best interests in the purchase or lease.
A buyer’s agent is licensed by the state to represent a person on the purchase or lease of property, owing the buyer a fiduciary responsibility. A fiduciary responsibility is one that is based on trust, whereby the agent owes their client reasonable skill and care, confidentiality, diligence, disclosure, and loyalty. You may also want to consider that if a property is listed with an agent or broker, the commissions will be paid whether you choose to hire a buyer’s agent or not. Consequently, it makes sense to hire someone to represent you and your best interests.
A knowledgeable commercial agent is not only familiar with the local market and what is available for lease or purchase, but they can also assist a buyer or tenant in understanding important characteristics of a property, and help the buyer or tenant make an informed decision prior to making an offer to purchase or lease the property. They can also negotiate a lease or purchase agreement on behalf of the buyer or tenant, assist in securing financing, and provide a list of potential vendors (attorneys, carpenters, electricians, etc.). Most importantly, buyers and tenant can work with an agent who will be fully-representing them throughout the real estate transaction. Therefore, it is a wise and prudent option to seek the assistance of a commercial leasing or sales professional when looking for commercial real estate.
Fortunately, SVN SouthLand Commercial has a number of qualified agents who specialize in leasing, selling, and purchasing of a variety of commercial properties, including retail, office, industrial, hotel, multi-family, self-storage, and land. In 2016, SVN SouthLand totaled over $133 million in total transactions. That is no small feat. That demonstrates that our agents are not only knowledgeable about commercial real estate, but they can also help you find the best space for your business. You can view our current listings at southlandcommercial.com, or give us a call at (850) 434-7500.
Lisa is a native of California and moved to Pensacola in 2002. She began her real estate career as a Certified General Commercial Real Estate Appraiser and has over 15 years of commercial appraisal experience along the Gulf Coast of Florida and Alabama. Lisa is experienced in typical investment properties, including raw land, subdivisions, apartment properties, mobile home parks; hotel, office, and restaurant, retail, and industrial properties. In addition, she is experienced in complex and special use properties, including water parks, borrow pits, and marinas. Lisa joined SVN | SouthLand Commercial with unique expertise that have assisted her in meeting the goals of her clients in both the sales and leasing of a variety of investment properties. To view Lisa’s listings, click here.