Buyer Services
Buyer Services
Acquiring the right owner-occupied office or medical building is among the most complex real estate transactions a business owner will undertake. Every available property must be carefully evaluated against your specific operational requirements - and most of what's listed for sale simply won't work. We specialize in owner-occupied building sales - going beyond listed properties to identify and approach owners of buildings that fit your specifications, including off-market opportunities no listing service will ever show. See the process that will get the job done.
1. Establish a Building Search Criteria: Space Needs and Objectives
- Ideal location desired and location parameters (north, south, east & west borders)
- Space needs: short and long term owner/occupant square footage needed
- Requirements for potential excess space, tenancy or income desired
- Construction requirements for owner/occupant considerations:
- layout preferences: single to multiple floor considerations
- Parking requirements: staff and visitor (on site, on street, public)
- Building types preferred:
- Image. Functionality. Value. Visibility
- Financial objectives: cash, financing and construction allocations
2. Conduct a Pro-Active Search of the Entire Market
- Access off-market sale listings in All Office Real Estate (AORE) proprietary database: every building, every location
- Search and evaluate sale listings from third party internet-subscription listing services
- Search and evaluate sale listings received from entire commercial real estate brokerage community
- Contact owners in AORE proprietary database who expressed possible interest in selling
- Contact owners of all suitable (non-listed) properties in AORE proprietary database which fit purchase criteria
3. Smart Site Inspections: Properties That Fit the Criteria
- Arrange and organize site inspections of all properties that fit the established criteria
- Gather and provide additional information requested during site selections
- Determine the feasibility of the alternatives: Narrow choices best fitting established criteria
- Create owner/occupant purchase analysis:
- a financial breakdown of the purchase price, income and expenses, and projection of the net cost to occupy space
4. Negotiate From a Position of Strength
- Leverage negotiations with a focus on established criteria and knowledge of competing alternatives to desired property
- Secure a favorable price having better knowledge of all competitive offerings and an understanding of your projected cost to occupy space
- Work toward agreement on both price and contingencies desired:
- due diligence periods
- financing requirements
- space availability arrangements
- tenancy assurances
- zoning use requirements/confirmation
5. Work Transaction Through to Closing
- Deliver executed contracts and follow through with post contract concerns
- Assistance with all due diligence requests
- Financing and appraisal hurdles:
- sales comps evaluations: understand prices per square foot within the context of property nuances
- support the need to convey value to third parties, as required