“Exclusively Representing Tenants and Buyers of Commercial Real Estate”

20

Aug2019
Commercial buildings are priced based on 3 criteria: replacement value with a deduction for depreciation (also called obsolescence), which is usually based on the age of the building the cost per square foot of sales of similar buildings a value of the cash flow and its return, which is called the ... Read More
August 20, 2019Lynn Drake

13

Aug2019
Meet the Landlords: Tom, Dick, Harry, and Pat They are all commercial real estate landlords, and if you don’t learn anything about them before you lease space, you might make a leasing mistake—a mistake that will cost you lots of extra money and stress! My clients often ask me if they need ... Read More
August 13, 2019Lynn Drake

08

Aug2019
Detroit cleaned up and fixed the road in Dequindre Cut. Look as these before and after photos to see for yourself.
August 8, 2019Lynn Drake

06

Aug2019
Your commercial agent and your attorney should help you develop the list of things you need before making an offer, but here are just a few to consider: Are you qualified for the mortgage? Will the building meet the current and future needs of your business? Is the building zoned for your use? If ... Read More
August 6, 2019Lynn Drake

01

Aug2019
Never in my life have I loved a hotel as much as this one: The Rees. For starters, it is in Queenstown, which is a fabulous city. The best part is the architecture! The building is built on a hill and has no interior rooms. Every room has a view ... Read More
August 1, 2019Lynn Drake

25

Jul2019
Next up is Pat. Pat took over managing the family’s commercial building when her husband was put in jail. Let’s just leave it there without any further explanation. On my first call to Pat, I thought perhaps she lived in California because she was quoting $1.00/s.f. and Californians calculate the ... Read More
July 25, 2019Lynn Drake

23

Jul2019
A contingency can be thought of as an exception in a real estate contract (a kind of, “I will do this, if you do that” or “if you don’t do this, I won’t do xyz”). For example: We will buy this property if the roof is in good condition. We ... Read More
July 23, 2019Lynn Drake

16

Jul2019
The greenery and life in Gabriel Richard Park are what made this transformation below so great.
July 16, 2019Lynn Drake

11

Jul2019
USA/Canadian fireworks from the roof of the Millender Garage for a 2017 Fundraiser during the Thanksgiving Parade.  
July 11, 2019Lynn Drake

09

Jul2019
I often get this question on leasing and buying buildings. No matter which side you are on, you will convince yourself you are right. The issue with buying a building is that sometimes the buyer paid to much and can’t afford to sell the building for less. Many people who ... Read More
July 9, 2019Lynn Drake