Leasing Property
Finding the right property for your business to lease is an important part of your business growth. Space you lease will represent your business to your customers and visitors, the exterior and interior “look” of the building will give them an initial impression of you and your company, and the property neighborhood will also contribute to the “image” of your business.
And yes, there is also a cost associated with a lease and it’s not cheap in our area. In addition, there are other factors that you may or may not be familiar with. Many questions come up in the leasing process: what is NNN, how much rentable space is there, and how much do I need, what is the price per square foot per month etc. We will be happy to work with you and guide you through the process.
What do you need to know about leasing?
If you are going to look for the property yourself, you should be well prepared. Not just to find a good property for your business, but also to avoid costly lease mistakes.
Finding space
- How do I find space?
- What are different types of leases?
- How is space measured?
Pricing
- How is the price calculated?
- How does the deal close?
- How do I get the best deal?
Type of leases
- Gross.
- Modified Gross.
- Triple Net (NNN).
How can we assist in leasing property for you?
In the process of finding the property for you to lease, we will act as your partner:
- We will do the research work
- You are welcome to look as well
- We will negotiate the deal for you, most often at no cost to you
In addition, we ensure that we all understand all the numbers for the particular property, so we can find the best property for your business
Area calculation
- Useable area
- Common Area
- Net Rentable Area
Price per square foot (SF) per year
- Net Rentable Area X Rate / 12 = monthly base rent
Expenses (NNN)
- Insurance
- Property taxes
- Common Area Maintenance (CAM)
Closing the deal
- Viewing the space
- Negotiating the deal (LOI)
- Signing the lease
What we can do for you, when you work with us
Choosing the right property to lease, going through the process, understanding the parameters and numbers and closing the deal is not trivial. And, again, there is a cost associated with a lease, that is never trivial. Working with an experienced broker can save you time, money and frustration. If you work with us, we will:
- Do a more thorough search of available properties
- Save you time and effort
- Help you understand the process and what you are buying
- Negotiate for the best deal (this is what we do!)
- Advise you on ways to minimize risk
- SAVE YOU MONEY $$$
If you have any questions about the leasing process or you would like to work with us, let us know!
What Clients say about us
“HIGHLY RECOMMENDED”
“I have worked with Bud on many occasions, including both commercial real estate sales and leasing, and in the commercial property management realm. Bud has always been hard-working, thorough and detail oriented in our dealings. He is focused and driven to both identify good opportunities and close transactions. He also carefully guides his clients throughout the process, advising on best practices and potential risks along the way. I cannot recommend Bud and Sound Commercial Group highly enough.”
I had Sound Commercial help me sell my business as well as two parcels of commercial real estate, in a multi-million dollar transaction. I found that working with Bud and his organization to be a rewarding experience; he is knowledgeable, courteous and attentive and communicated with me at every step of the way. He always kept my interests at the forefront. His over 30 years of business experience and high level of professionalism in running several successful businesses of his own have uniquely equipped him to understand business owners and investors and thereby do the best job.
He got me the best deal on both my business and real estate sales.
I highly recommend Sound Commercial Group for commercial real estate sales, leasing and property management.”
Lewis R. Miller, former owner
Garraway’s Inc.
“EXCELLENT DEAL MAKING, OUTSTANDING MANAGEMENT”
“Bud Kopp and Sound Commercial Group have done a tremendous job in helping our group meet our investment goals. They took the time to sit down with us and discuss what our objectives were, and then set to work to meet those objectives.
They found us a very suitable property, helped us to negotiate the terms of the sale getting us over a 7% CAP in the transaction, and closed the deal. At the time of the purchase, the property was not fully leased. Sound Commercial Group wasted no time in finding suitable tenants for the property.
Every time that we have had a tenant leave, they have wasted no time in getting the space filled again. Sound Commercial also manages the property for us, freeing us up to pursue other interests. Now I don’t have to worry that the tenants aren’t being taken care of properly because I know that Bud’s team is on top of it. Currently the property would be valued at an 11% CAP and is enjoying in excess of 15% cash-on-cash. All in all Bud steered us to an excellent investment, and then has carefully managed it to maximize our value.
Please feel free to reach out to me via email (brian.k.ferrill@gmail.com) if you have any questions.”
Brian Ferrill, Managing Member
F THREE LLC
HIGHLY RECOMMENDED, HARD-WORKING, THOROUGH”
“I have worked with Bud on many occasions, including both commercial real estate sales and leasing, and in the commercial property management realm. Bud has always been hard-working, thorough and detail oriented in our dealings. He is focused and driven to both identify good opportunities and close transactions. He also carefully guides his clients throughout the process, advising on best practices and potential risks along the way. I cannot recommend Bud and Sound Commercial Group highly enough.”
Bill Kessler, Attorney
Partner at Beresford Booth PLLC
“WHAT A GUY!”
“We recently retained Sound Commercial Group, a commercial real estate brokerage that serves King, Pierce, Snohomish and Skagit counties. Bud Kopp, the Designated Broker and owner assisted us. Bud sure is a go-getter and boy, we are sure happy we went with him! Last year the landlord of our old building gave us a 30 day notice to clear out as they needed it for their own purposes. We ran a business out of that location for 11 years and we were shocked we had such limited time to move an entire business to a new location. And so the stress began…We had a couple other commercial brokers try to find us a building, but as time was running out and those two brokers did not perform, Michaela recommended Bud Kopp from Sound Commercial Group and was adamant we give him a shot.
Bud met with us and seemed confident we could find a spot in this crazy market with such limited time. From start to finish Bud was eminently thorough, transparent, highly knowledgeable and educated on how to purchase a new building. Being first time buyers of a new commercial building can be scary, but Bud gave us all the information and tips on how to get through it quickly and efficiently. He found a building we all liked, perfect location for our business and we could not be happier. If anyone is looking for an awesome friendly commercial broker, I highly recommend Bud’s Sound Commercial and always will. What a guy!”
Michaela Pollard
King’s Heating and AC
“PROFESSIONAL, CONSCIENTIOUS, THOROUGH AND COMMUNICATIVE”
“To Whom It May Concern:
I highly recommend Bud Kopp and Sound Commercial Group regarding property management and the leasing of rental properties. I have utilized his real estate services for over 15 years related to leasing my commercial rental space in my professional building located at 18218 52nd Ave West in Lynnwood, WA. I have relied on Bud’s years of experience regarding procuring qualified tenants and executing the leases. I have also utilized his advice related to general commercial real estate matters.
Bud has always been very professional in his business dealings with me. He has always been conscientious, thorough, and communicative with both myself and my tenants.
Sincerely,”
J. Patrick Ford, Jr. DDS