Serving the Puget Sound
Commercial real estate can be a confusing and difficult experience. We understand this first-hand, and our experience will help you avoid pitfalls and expensive mistakes. Let us help find the right property and guide you through your commercial property ownership. EMAIL: [email protected] PHONE: 253-283-5336 ADDRESS: 719 E Main Puyallup, WA 98372
Please re-write to: Commercial Real Estate can be a lucrative and interesting experience. We would like to help you navigate through the intricacies to maximize your outcome. Let us help find the right property and guide you through your commercial property ownership.
EMAIL: [email protected]
PHONE: 253-283-5336
ADDRESS: 719 E Main Puyallup, WA 98372
Talk to us about land use, zoning, developers, and cost to build/develop. We have a long history in the land development arena. Terrafin's meaning is "From raw land to finished property, we represent every aspect of real estate". We look at land for industrial and residential development.
Multi-family comes in different forms. What we think of as residential can be townhomes or garden style, sometimes with an office or retail first floor and garages underneath. Those homes could be for sale or lease, townhomes or suites.
Land use is going to be the defining factor per municipality. Consider density and footprint, minimum requirements.
Our goal is to offer the best advice to enhance your portfolio, whether you own the building or are improving it as a tenant. We can make recommendations about who to call to navigate the municipal codes, write the agreements to make certain a business is able to succeed there, which allows the landlord to have a fully leased building and the tenant to have the support of a building that is fully functioning.
It is important as a landlord to have a well-leased building to support the opportunity to sell or cross-collateralize your building as an asset. Buyers and lenders measure by the strength of the tenants' payments, lease agreements (length and terms), and gross rent multiplier or capitalization rate. As a seller, you will be providing a tenant estoppel certificate to demonstrate the strength of your asset.
First and foremost, finding funding for church purchases is challenging. There is also the question of whether or not a building is zoned for a church or is the current use is as a church. Churches require ample parking. If the lot is small, are neighbors going to have issues with street parking? Is there a lot nearby that can be borrowed or leased?
Specific infrastructures are needed for exhaust. Dental buildouts and specialty, such as kidney dialysis, are exhaustive. ABA Therapy requires large motor movement, so high ceilings and open space. Some mental health physiotherapy requires special equipment and higher electrical voltage.
Typically, the lease is a triple net lease with the tenant paying for the utilities. Sometimes, there is a lease in place that is a base rent plus utilities and a percentage of earnings. Anytime a property is leased, the goal is to have a strong performance for the property and for the tenant. If the building comes up for sale while the tenant is under lease, the tenant needs the security of keeping the place and managing how much tenant improvement has been invested into the place.
Often, the yard around the warehouse is included in a lease, sometimes at the same amount per square foot. What type of access is needed?
Research and Development often needs specific infrastructure for exhaust and procedures as well as cleaning.
Industrial spaces are often in centers with many different companies sharing space for dock loading.
Starting with working with the local municipal council, getting approval for use zoned and preliminary approval for the specific project is of great value. Then there is infrastructure: Are vehicles to be stored or sold there? Is it going to be required that there is a drainage system to capture any runoff? Is there going to be a SEPA report required for any contamination? How long will it take the Washington State Patrol to approve the site? For auto repair: If there is there going to be a paint booth, what kind of exhaust system will need approval?
Searching for second generation restaurants built out with hoods, exhaust systems, fire suppression, gas power for appliances and in ground grease interceptors is a large undertaking that we are happy to navigate. Change of Ownership letter is required for built out restaurants. New applications are required for spaces being established.
We are a full-service brokerage for childcare centers, with years of experience in the childcare field. Understanding space usage and design is important to providing a balanced environment for children to learn.
