LEASE ADVISORY, EXTENSIONS & RENEWAL
Since 2005, Metro Investment Properties has specialized in representing the owners of commercial properties. We view ourselves more as advisors than we do as parties of individual deals. At no charge, we will gladly review your current lease or potential renewal with an existing tenant to better understand whether or not the proposed pricing and terms are in line with the marketplace. In an escalating price environment tenants often prefer to extend leases far prior to lease expiration in order to control costs after lease expiration. Owners also enjoy the security of locking in their tenant for additional years while simultaneously marking their current tenants’ leases to market. Lease extensions are often the perfect solution for both owners and tenants looking to lock in for the long term.
DEVELOPMENT PARCEL SALES & FEASIBILITY ANALYSIS
Metro Investment Properties experts in developing financial models to understand the true value of urban infill development parcels. We have consulted local developers on hundreds of millions of dollars in potential acquisitions via top-down analysis. We consult with our various construction partners and 3rd party vendors to understand Outsales, hard costs, and soft costs to derive the maximum amount a buyer can pay for land. We often find that developers pay 15-30% less than market value simply because owners want to save on a 6% commission. If you are thinking of selling your asset, please reach out to us for a free analysis in order to completely understand the TRUE VALUE of your property.
3RD PARTY VENDOR RECOMMENDATIONS
Since 2005, Metro Investment Properties has specialized in representing the owners of commercial properties. As client advisors focused on long-term relationships, we are elated to be the first call when our clients have a problem with their assets. Over the years we have accumulated a rolodex of attorneys, insurance agents, plumbers, roofers, handymen, accountants, and all other vendors related to the business of maintaining your building. We typically recommend multiple options for our clients to investigate and eventually choose for service.
MULTIFAMILY SALES & LEASE UP
Metro Investment Properties brokers apartment transactions and works with owners to fill their vacancies. Many owners transition from dealing with tenants and toilets to a desire to own net leased assets. We help multifamily owners by finding the best buyers, ushering the landlord through the TOPA process, and getting them to closing as soon as possible.