

Tenant
/ Buyer
Landlord
/ Seller |
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Landlord
/ Seller Representation Services
At
Alliance Commercial Group, we manage the entire process of marketing your
available commercial space either for lease, sublease or for sale. We evaluate
your Return on Investment (ROI) and quarterback the negotiations to maximize
your cash flow and profits while dealing with new, renewing tenants and
potential purchasers. In terms of a disposition of the property we position
your property in a matter that will optimize sale value while keeping your
closing expenses to a minimum. We help coordinate the attorneys, architects,
general contractors, title companies, inspectors and others required to make
your transaction happen smoothly with minimal time and effort on your part.
We take care of your real estate so you can take care of your
business. Below are the typical steps in the disposition process. All may not be
necessary in every case.
Marketing Plan Alliance will
produce in-house materials and distribute information through various methods to
targeted potential tenants, subtenants and buyers. We will originate the
offering memorandum, brochures, facts sheets, maps, aerials, accessibility and
drive-time studies, site plans, floor plans as well as research surrounding area
development plans. We will promote through direct mail, online through various
data services to targeted users. Of course we will also promote through on-site
signage, broker open houses, direct phone calls and good old fashion shoe
leather cold calling. We target certain businesses, work through the commercial
brokerage community, networks, ancillary influencers and through local chambers
of commerce.
Consistent communication is essential, providing updates
and progress reports. We will provide accurate due diligence materials to
prospects to mitigate / eliminate potential pricing adjustments during final due
diligence which helps lower a prospects investigative time. We schedule all
face to face property tour inspections, encourage offers from prospects, answer
questions, help to resolve contingencies, and coordinate closings or lease
documents.
Our goal is to lease or sell you real estate in the shortest
amount of time for the highest possible price. With thorough and detailed
information, Alliance Commercial Group, can reduce the length of time it takes a
prospect to submit an offer or letter of intent leading to a signed lease
agreement or successful closing.
Our Pre-Marketing Due Diligence
will include the following:
Lease / Cash Flow Analysis This
is simply a detailed review of your existing and proposed cash flows for each
new lease or renewing lease agreements. The goal is to be sure that you
understand the resulting cash flows from each business term that is proposed and
how it affects both your short and long term goals of owning real estate. We
review existing lease agreements to determine if there are any opportunities to
promote that would improve your return on investment and ways to better position
your property for future lease or sale.
Expense Analysis We
will review the service costs of your lease agreements to be sure that you are
accounting for all cost reimbursements and paying market rates for these
services. Leases typically allow the landlord to pass through some or all of
the expenses of operating the property to the tenants on a prorated basis.
Landlords budget for these expenses and collect the expected expenses throughout
the year and then reconcile them after the end of the year. Careful review of
these service bills is important to avoid paying too much thereby lowering
building investment profits.
Space Analysis This is the
first step in identifying what your income projections might be, we review the
as-is condition of the vacant space and make recommendations toward alterations
to support the asking rent for the space. In determining asking rents we
consider the size of the vacancy, its location within the building, use for the
space, term, landlord provided services, operating expense allowances, tenant
improvement allowances and market conditions including competitive building
incentives.
Market Survey It is important to know general
and specific competitor building's market conditions before setting expectations
for lease negotiations. Knowing the market occupancy rates, space absorption
rates, leasing activity, asking verses actual rental rates, planned new
competitive buildings and which direction these indexes are moving will all play
a role in determining your lease or sale negotiating strategy.
Property
Survey We maintain a database of every vacant space in every competitive
building. We can survey the available properties for lease, sublease and sale
that match your space offerings. We provide market analytics surrounding your
available space to help you understand the market and help you better set your
expectations to help you reach your goals.
Develop Standard
Proposal Format A detailed standard form proposal format will be
prepared and reviewed by you before we begin any marketing effort. Each
proposal carefully outlines your offering in detail. Once tendered, a prospect
comments and generally shares counter offer terms matching what competitors have
offered for occupancy or purchase.
Document Review A
detailed review and analysis of the lease or sale agreement along with any other
related documentation such as the work letter, option amendments for expansion
and contraction or early termination and various guarantees and
indemnification's. This process includes both Alliance Commercial Group as your
broker as well as your real estate attorney. If you don't have an attorney with
extensive commercial real estate experience, Alliance can recommend several good
options. We ensure all deal points are reflected in the jargon-heavy real estate
records and that you are not left buried under a pile of confusing
documentation.
Commission Zero paid by you if we do not
successfully complete a lease or sale transaction. Truthfully, the tenant or
buyer provides the source of funds from which both the landlord's agent and
tenant's / buyer's agents are paid. The fee is built into the lease rate or
sales price so it is foolish to not have representation.
| Service Area Our
base focus service area is Indianapolis, Indiana and surrounding areas to
include: Keystone Crossing, Castleton, Fishers, Noblesville, Geist, Carmel,
Westfield, Zionsville, Plainfield, Avon, Brownsburg, Greenwood, Washington
Square, Cumberland, Greenfield, Lawrence and the Fort Benjamin Harrison area.
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