The selection of commercial properties offered by Carnan Properties spans the entire real estate spectrum, including multi-family residential. Our residential investment properties include duplexes and garden apartments, as well as high-end mid-rise and high-rise apartment buildings.
We also offer general purpose retail properties like strip centers, community retail centers, power centers, regional malls, and out-parcel. Our selection of office buildings includes class A, B and C properties, central business districts and suburban.
Many different styles of architecture and interiors are available. Some of our office buildings are sleek and modern, some are more tradition, and some of the smaller ones are delightfully unique and charming. If you are looking for a commercial property that suits a certain type of business, we often sell specialty properties such as self-storage, car washes, bowling alleys, marinas, theaters, funeral homes, community centers, nursing homes, churches, gas stations and pharmacies. We have quite a collection of listings.
Although commercial and residential are both subcategories of real estate, they are quite different from each other. In the most simple terms, the difference between buying commercial versus residential property is its intended use. Residential property is used for personal space to live, sleep and establish a home. The decision to buy is often emotional and determined by the personal tastes of the buyer, and a return on the purchase price is not really considered. Of course, the hope of appreciation is always welcomed when buying a residential property, but that is just a byproduct of buying real estate.
Commercial property on the other hand, is used as a place of business. It is purchased as an investment and a certain amount of return on that investment is expected to be realized. When buying commercial real estate, calculations are done to ensure the investment is worth the expected return over time.
We sell commercial real estate on a routine basis, including strip centers, land-to-build commercial as well as office buildings. Every property sale has its own unique considerations but there are some general guidelines we can follow to get your commercial property sold.
Buyers of commercial properties are generally much more sophisticated in their analysis than are buyers of residential properties, so collecting your documentation in all areas is critical. Documents to gather include:
Of course, you’ll want to get your property as clean as possible and in as good a shape as you can prior to selling. A well-organized, well-documented status makes it easier for the buyer to get financing and shows that you are serious about selling and stand behind the property.
"The team at Carnan properties is amazing! I was nervous about the process of selling but they were a pleasure to deal with and made the whole process very straight-forward. If you're selling your home you need to get in touch with these guys."
"Selling our property couldn't have gone any smoother thanks to Carnan Properties. They're personable, professional and great at what they do."
Properly Valuating Commercial Property For Sale:
Commercial property differs greatly from residential property in the way that its value is determined, and only by learning the right factors can you buy/sell these property types with confidence. You will want to rely on a local realty agent with extensive experience in the commercial sector, but you should also learn the basic principles of valuating commercial properties:
3 Tips for Buying Commercial Property For Sale
It is no secret that commercial property for sale is evaluated, purchased, and used in ways very different from the norms of the residential real estate market. Knowing how to navigate the commercial market is not automatic, it requires real-world experience to achieve.
Luckily, beginners can avoid the common pitfalls and reap the benefits of others’ experience by following these three simple tips:
When searching for a piece of commercial property for sale that closely approximates a “perfect match,” it is critical to move with caution and not with haste. Since prime deals tend to come and go quickly, you will need a local realtor with quick access to inside information and intimate knowledge of the local market. Plus, it’s a good idea to apply some basic principles of preparation and prudence, including the following:
Published by Carnan Properties
For most businesses, owning their own piece of property is far superior to leasing, the main benefits being: elimination of high and volatile rental fees, greater control over overhead, lower taxes as the property depreciates, and the ability to improve and resell the property for a profit. Knowing, however, which commercial property to invest in can be fraught with complexity, and knowing the best time and place to buy can vary from year to year.
Some of the most important things to consider when looking for the piece of commercial property for sale that best fits your needs are;
Published by Carnan Properties
Purchasing commercial property is a much more intense undertaking than is the acquisition of most residential properties, simply because of the sheer cost involved.
Three key areas to consider when looking for the right piece of commercial real estate to help your business grow and succeed are:
Published by Carnan Properties
When you are considering purchasing commercial property, there are a number of things to consider.
1) First, you should make sure your business is stable and steady enough to handle a new property. Do you run the business alone, or do you have staff? If you don’t have staff, you need to consider how much it will cost to hire two or three people to help you.
2) Second, do you have the finances to afford the monthly payments of this new property? It is important to budget, and setting up a budget before you ever start looking at the commercial property for sale is important. While you are looking at finances, think about what the differences might be between purchasing or leasing the property. Often, purchasing the property will save you money in the long run. Renting often has its drawbacks, but you do have the security of knowing someone else will take care of repairs and fixing problems. But, if you rent, the rent may go up at the end of the lease.
3) Finally, it is important to think about who you are going to go to for financing. Make sure your lender is reputable and that you get the best rate around. Consider securing your financing before you go shopping, so that you know how much property you can afford.