Are you thinking about investing in commercial real estate? Well, here are a few things that you can look forward to: 1. Positive cash flow or income. If done correctly, buying commercial real estate can bring in a positive cash flow. Although, it is best to discuss with a broker what all is needed to buy an investment property so you know what is coming out of your own pocket with expenses and operating costs. 2. Principal Reduction. Most of the time real estate is purchased using a debt of mortgage loan.If you make regular and on time payments, you’re paying down principal on the loan and reducing your debt. This means that you would be increasing your equity position. [...]
Reggie Kuipers and Andi Anderson represented the landlord in the lease of the Pinnacle Place Office Building. The 5,295 sq. ft. office property is located ib 6216 S Pinnacle Place in Sioux Falls, SD and is being leased by American Bank and Trust.
Sioux Falls has been gaining some attention recently by making Thrillest.com's list of "12 Neighborhoods Across America That Are About To Blow Up". The list recognizes the Sioux Falls East Bank. The already popular area is becoming a "hot spot" for housing as well as business growth. The website acknowledged the industrial buildings that have been renovated and are now being used as offices, stores, as well as restaurants and bars. To read more about the 12 neighborhoods about to blow up CLICK HERE.
Andi Anderson and Michael Bender represented the sellers of the Hamlet Building located on 4001 West Valhalla Boulevard in Sioux Falls, SD. The building is 15,066 sq. ft. This building was part of an office park portfolio.
Reggie Kuipers and Gerald Teunissen closed on two sales in the Soukup Addition Land in Tea, SD. There were two sales, both zoned light industrial. The first was 3 different lots totalling 129,192 sq. ft. Kuipers and Teunissen represented the seller as they sold the land to Josmer Enterprises, LLC. The second sale was one lot at 42,384 sq. ft. Kuipers and Teunissen represented both the seller and the buyer as the land was purchased by Haas Commercial rentals, LLC.
When it comes to leasing a property, hiring a tenant rep can make things much easier. Tenant reps are aware of city codes and regulations that could end up costing you way more than initially expected. It is their job to provide you with their expertise and inform you whether or not the space you are interested is leasable. Tenant representatives are also knowledgeable in the value of commercial real estate in their market. Why is this important? They know the worth of the property that you are interested in leasing. Tenant reps will inform you whether what you will be paying is over-priced or if it is what the market standard is. Another reason that the reps help you [...]