Wilmington Commercial Real Estate

Industry Knowledge & Expertise - An individual who specializes in buying, selling and leasing commercial real estate is well-versed in the local market and can help you make the optimal decision for your business.

Negotiation Skills - A professional in the field of commercial real estate can assist you in negotiating the ideal transaction when you are in the market for renting, buying, or selling commercial real estate. They possess knowledge of the legal terms and nuances of this particular industry and can work with you to reach a mutually beneficial contract.

Local Industry Connections - An experienced professional in the field of commercial real estate can provide you with resources to help you get the funding you need to buy or lease a property. They can also assist you in putting together the necessary paperwork and ensuring the transaction is successful.

Saving Time & Money - Working with a commercial real estate broker can save you time and money by finding the right property and negotiating the best deal for you. 

A commercial real estate cap rate (capitalization rate) is a calculation often used to measure the potential rate of return of an income-producing real estate investment. It is generally calculated by dividing the yearly Net Operating Income (NOI) of the property by its current market value. The higher the cap rate, the greater the return of investment.

Adjustments to an area in order to make it suitable to a tenant's requirements are known as tenant improvements (TIs). Such alterations may include the installation of walls and shelves, flooring, or electricity and plumbing works. Who pays for the tenant improvements is decided by the property owner's regulations, the modifications requested by the tenant, and the conditions set out in the lease. Generally, the tenant will pay for minor changes, whereas the landlord may cover the expenses for larger and more considerable modifications.

A Letter of Intent (LOI) is a non-binding document used to outline the primary conditions of a potential lease between a landlord and a tenant in regards to a commercial space. It generally includes information such as the period of the rental, the amount of rent to be paid, and any conditions that need to be met prior to signing the lease. The LOI is used to ensure that both parties are in agreement before going forward with the leasing contract.

Build-to-suit (BTS) is a form of commercial real estate development where a landlord or developer constructs a structure on their land especially for a certain tenant. Generally, the tenant will sign a rent agreement before the construction starts, and they can also contribute to the design and features of the building. The landlord or developer will fund, design and assemble the structure, and the tenant will arrange the interior in accordance with their requirements. BTS is usually used when a tenant needs a space that is not available in existing structures, or when they want a new building that reflects their brand or image. This method is advantageous for both landlord and tenant, as it enables them to get a custom-made space that fulfills the tenant's demands and also ensures the landlord of a reliable tenant for the property.