#CommercialRealEstate - #RentalRates: #MultiFamilyApartments - North Hollywood / Los Angeles, California https://plus.google/114475168364459929553/posts/1J9dykFykcs Current Commercial Real Estate Rental Rates based upon Completed Rent Comparables. Real Estate Appraisers and Real Estate Appraisals of Multi-Family Apartments in Los Angeles County. Actual / Signed Lease Comparables from a Fair Market Rent Study: 1 Submarket Location(s): North Hollywood - Los Angeles 1 General Use(s): Multi-Family Apartments 1 Specific Use(s): A) 2 Beds Base Rent (NNN or Modified Gross or Full Service Gross Expense Basis): A) $882 to $1,700 / unit / month Additional Operating Expense Pass Thru’s to Tenants - NNN’s or CAM’s (Includes Proportionate or Pro Rata share of Property Taxes, Property Insurance, etc. or CAM’s – Common Area Operating Expenses): $0 / sf / month (Tenants Typically Pay Separately Metered Utilities of Electricity and Gas Expenses) Total Rent (Base Rent + Additional NNN’s or CAM’s): Same as above Annual Base Rent Increases: Not Applicable Lease Length or Contract Term: Month to Month+ Landlord Provided Free Rent Concessions to Tenant: 0 months Rental Abatement TI’s - Tenant Improvements Concessions provided to Tenant by Owner: $0 / sf of Building Allowance Marketing Period or Lease Up Absorption Period: Not Available Providing Professional Cost and Time Effective Real Estate Services for Commercial Real Estate or Industrial Real Estate: 1) Tenants 2) Landlords 3) Owners 4) Investors 5) Owner User Occupants or Occupiers 6) Developers 7) Sellers 8) Buyers 9) Lenders and 10) Mortgage Note Holders. Up to Date Los Angeles County / Southern California Real Estate Location Advice / Current Rental Rate Activity. Internal Underwriting, Asset Monitoring and Decision Making. For Companies or Businesses Renting or Leasing Space: Objective / Credible / Well Supported Real Estate Evaluations or Real Estate Appraisals / Advisory / Consulting from Real Estate Appraisers / Advisors / Consultants. The Most Current Market Level Rent Comparables or Lease Comparables with Detailed Terms and Concessions + Local Submarket Expert Opinion Surveys: Tenants or Landlords Leasing Spaces (units or suites) or Buildings / Real Properties or Projects. Tenants Leasing Space from Owners or Investors: 1) Renegotiate New and Updated Favorable / Ideal Fair Market Rent (Base Rent), Additional NNN’s or CAM’s - Common Area Maintenance Operating Expense Pass Thrus’ and Terms (Yearly Rate Increases, Free Rent Abatement and TI’s – Tenant Improvements Concessions) for Upcoming or Soon to Expire Lease Contracts with Options or Renewals (Typically Need to Provide 6 to 12 Months Prior Written Notice to the Owner to properly Exercise Extensions and Expansions previously negotiated / provided in the original Lease Agreement). Major Cost Savings of Total Monthly Rent Paid - Thousands of Dollars over a Lease Term of 3 to 10 Years with Detailed Net Effective Rent Occupancy Cost Analysis. Make the Best Real Time Decisions utilizing: 2) Stay at existing site vs. 3) Relocate to another location vs. 4) Expand (Lease Additional Multiple Suites / Units / Offices) Analysis. Landlords or Developers Leasing Space to Tenants: A) Renegotiate New Market Level Rent for Existing Tenants with Lease Renewal Options to Extend or B) Negotiate Updated Fair Market Rent and Terms for New Tenants and Higher Market Level Rents / Replacement of existing Tenants with existing Below Market Rents or C) Proper Going Out to Market Lease Rate Pricing for D) Currently Vacant or E) Soon to be Vacant Space + Streamlined Marketing Periods or Lease Up Absorption Periods for Optimal / Streamlined Renting of available space. Fill Vacancies As Soon As Possible for Immediate Cash Flow and Decreased Downtime and Collection Loss of Income. Completed / Actual Rent Comparables or Signed Lease Comparables + Transaction Details and Concessions + Local Submarket Expert Opinion Surveys to Well Support. Not artificially High or mere Inflated Asking For Lease Face Rates that Still Require Negotiations and Further Discounting on a monthly per square foot basis. Fair Market Rents at Market Levels: Not Below or Above Market or other Negative Factors Affecting True FMR Lease Rates that skew high or low. 21 Years’ Experience - Providing Real Estate Advisory / Ideal Net Effective Rent Occupancy Cost Analysis and Research and Market Studies: 1) Commercial Real Estate (Retail - Restaurants, Banks, Office - General & Administrative, Medical Office - General Medicine, Dentists, Surgery Centers, Multifamily Apartments or Vacant Land Ground Lease uses) or 2) Industrial Real Property (Warehouse, Distribution, Manufacturing, R & D - Research & Development, Flex or Lab uses) Thorough Analysis is needed for A) Optimal Business Operations Productivity B) Streamlined Logistics and C) most importantly, Overall Cost Savings. Please Click 2 Separate Links Below for: A) Fair Market Rent Lease Rates B) Submarket Leasing Activity Trends & General Market Conditions C) Fair Market Value Sale Prices & D) Submarket Sales Activity Trends D) Vacancy & Collection Loss Rates, Operating Expenses - Property Taxes, Insurance, Utilities, Repairs & Maintenance, Property Management and Replacement Reserves for Capital Improvements Allowance. Real Estate Valuation & Appraisal Consulting for Commercial & Industrial Real Properties. Link 1) Bio & Background Link for Google+: https://plus.google/u/0/b/114475168364459929553/114475168364459929553/about Link 2) Ranked #1 Real Estate Appraiser in Los Angeles for YellowPages: yellowpages/los-angeles-ca/mip/los-angeles-commercial-real-estate-appraisal-consultant-appraiser-consulting-services-valuation-advisor-483772580?lid=483772580 Select Real Property Appraised / Partial Los Angeles County Cities & Communities: Alhambra Arcadia Atwater Village Azusa Baldwin Park Bell Gardens Bellflower Beverly Hills - Golden Triangle Burbank Calabasas Canoga Park Carson Cerritos Chatsworth City of Commerce City of Industry Compton Covina Culver City Downey Downtown Los Angeles - Fashion/Garment District Eagle Rock Echo Park Encino El Segundo Gardena Glendale Glendora Granada Hills Hawthorne Hollywood Huntington Park Inglewood Irwindale La Canada Flintridge La Mirada La Puente Lawndale Lomita Long Beach Lynwood Monrovia Montebello Monterey Park North Hollywood Northridge Norwalk Pacific Palisades Palos Verdes Estates Pasadena Pico Rivera Pomona Rancho Palos Verdes Redondo Beach Rosemead San Fernando San Gabriel San Marino Santa Clarita Santa Fe Springs Santa Monica Sherman Oaks Sierra Madre Silver Lake South El Monte South Gate South Pasadena Tarzana Temple City Torrance Tujunga Van Nuys Vernon West Covina West Hills West Hollywood Westlake Village West Los Angeles Whittier Wilshire Center - Mid Wilshire/Koreatown This information is believed to be reliable, however, do not guaranty or make any warranty or representation about it as this information must be independently verified and confirmed for reliability and accuracy. Each subject property is unique regarding general vs. specific location and general vs. specific uses, above data applies only to a specific subject based on a specific date, therefore, market level rents & values cannot be generalized for properties within even the same submarket due to additional numerous physical characteristics such as square footage sizes, year built, construction, quality & condition of improvements, etc.
Posted on: Wed, 22 Oct 2014 03:43:42 +0000
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