6 WAYS TO UTILIZE OUR COMMERCIAL REAL ESTATE BROKERAGE SERVICES

What are Commercial Real Estate Brokerage Services?

People sometimes ask, "What are 'brokerage' services?" Brokerage services is a somewhat vague term and can include a swath of subcategories. But at its core, brokerage means the business of helping others buy or sell goods. At 616 Companies, that "good" is commercial real estate!

This article highlights the commercial real estate brokerage services 616 Companies offers and explains how you can utilize them.

01 BUY

Purchasing commercial real estate involves a multitude of considerations, including pricing, risk, alternative capital allocation, due diligence, and more.

By working with 616 Companies, you will be equipped to make the idea of purchasing commercial real estate a reality. Whether you have a specific property identified or don't know where to start, 616 Companies can help negotiate deal terms, draft agreements, evaluate the property, and ultimately bring the deal to a close.

02 SELL

Selling commercial real estate isn't difficult, but to properly price, market, and command the best possible price for a commercial real estate property requires a professional.

Selling a piece of commercial real estate involves more than a "for sale" sign. A well-equipped commercial real estate broker understands your business's needs and the general market for the property that is about to be sold. The commercial real estate broker should help you line up the buyer and seller, memorialize the deal through various agreements, and ultimately bring it to a close. If the commercial real estate broker is experienced, they should do this all while ensuring the process works smoothly and yields the result you desire.

03 LEASE

A commercial real estate broker should not only help with the leasing process, but they should also understand your business to ensure the chosen space fits your needs.

A business's real estate is integral to the business itself. If you are located in the wrong part of town or sign a lease that doesn't match the growth needs of your business, this could result in a costly decision. A commercial real estate broker should not only be equipped to understand the real estate market, but they should also have a decent business sense to ensure your business can thrive in its new space.

04 ADVISORY

Sometimes, you need a little advice!

Advisory services are here to help you navigate your next commercial real estate move. Wondering what type of tenant your warehouse will attract? Wondering what costs should be the responsibility of the tenant or the owner? Wondering what the likelihood is of the sale of your 50-unit investment property?

The above are all questions advisory real estate services can help you navigate; that way, you have the confidence to make your next commercial real estate move.

05 BROKER PRICE OPINIONS

"Everything is for sale at a certain price."

Commercial real estate brokers are skilled in the area of estimating the probable sale value of a certain property. Although commercial real estate brokers cannot provide appraisals, commercial real estate brokers are equipped to give you an opinion of value on your asset so you can stay informed.

06 FINANCIAL ANALYSIS

Whether it is underwriting a potential acquisition or helping evaluate certain expenses related to a property, commercial real estate brokers are equipped to provide financial analysis on your chosen property.

Commercial real estate brokers have financial models they can use to help you come up with a capitalization rate and internal rate of return for your property. These two financial metrics, as well as others, are critical to your real estate decisions. Understanding a property's financial standing is critical to commercial real estate decisions.

COMMERCIAL REAL ESTATE BROKERAGE IN A NUTSHELL

Commercial real estate brokerage services can have a variety of meanings. Above are six distinct services that 616 Companies is equipped to provide you so you can navigate your commercial real estate questions with success.

Want to get started with commercial real estate brokerage services? Hit the button below.