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Quote of the Week
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"To be yourself in a world that is constantly trying to make you something else is the greatest accomplishment."
Ralph Waldo Emerson
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Greetings!
With diversity on its side, a company stands a better chance of enduring and prospering despite the current economic climate.
Fowler Commercial is in the commercial real estate business and all that entails-buying, selling, leasing, property management, property evaluation, market analysis and investment analysis.
Our property management division is operated by Eileen Fowler. She has been involved in commercial property management for over 10 years. She has always been the first contact person for our clients that we manage property for and within the last two years she has also oversees all the reporting and accounting. She has good rapport with our clients and vendors alike. She addresses client and tenant concerns promptly and effectively. The continued success of our property management division is because of Eileen's expertise and professionalism. Our property management services include management of properties in the normal sense but we also manage building improvements, construction projects, complete leases and lease renewals. Please stop by and visit with Eileen, she will be able to answer questions and show you how we can help you with your commercial property management needs.
Both of our featured properties are in our ever growing property management portfolio.
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Featured Sale Property
820 Ainsworth Dr, Prescott AZ
9,222 sq ft Medical Building with 3 suites in excellent condition and construction. A great investment that has a true 7.2% cap based on actual and only $160/ sq ft for fully built out medical. One of the best medical buildings on Medical Row across from YRMC hospital.
$ 1,475,000
1 suite available for lease-1,650 sq ft at $14 sq ft/year
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Featured Lease Property
Lease space available in attractive 14,052 sq ft newer building located in the Eastridge Development park on the east side of Prescott
Valley. Easy access and visibility from Hwy 69.
Suite A: 4,446 sq ft of warehouse space with a 12' tall chain link fenced security area. $4,446/month
Suites C & D are ready for tenant improvements and can be combined for a total of 4,029 sq ft.
Suite C: 2,019 Sq Ft has a bathroom, 12' wide overhead door, and 16' ceilings for $2,019/month.
Suite D: 2,010 Sq Ft has a bathroom, 12' wide overhead door, and 16' ceilings for $2,010/month.
$12 sq ft per year
$1 sq ft per month
Also offered for sale at $1,405,200
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Coping with Marketplace Shifts
by Bill Scarpino
With the economy no longer on a long-term growth trajectory, retail real estate users and providers must reassess how they do business. Several significant changes already have occurred. For example, lenders are now more actively involved in transaction approval. They are less willing to fund tenant build-out allowances. As a partial result, tenants are finding expansion cash either hard to get or expensive, and landlords are finding tenants less willing to accept "build-it-and-they-will-come" projects.
Landlords and tenants share one common threat: lenders who want to control the negotiation process to protect their interests. Typically lenders are risk adverse. This is an anathema to landlords and tenants for whom risk is calculated into their business models. This dichotomy presents an inherent disconnect in how the three entities approach a business opportunity.
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Your credit score isn't what you think it is
By Blake Ellis @CNNMoney September 25, 2012: 5:53 PM ET
The credit score you receive may be much higher or lower than the one a lender uses when deciding whether to give you a mortgage, credit card or auto loan, a new government report finds.
One out of five consumers is likely to receive a score that is "meaningfully" different from the score used by a lender to make a credit decision, according to study from the Consumer Financial Protection Bureau that analyzed 200,000 credit files from the three major credit bureaus, TransUnion, Equifax (EFX) and Experian.
As a result, many of these consumers receive either better or worse terms on mortgages, credit cards, auto loans and other credit products. "This study highlights the complexities consumers face in the credit scoring market," said CFPB Director Richard Cordray in a statement. "When consumers buy a credit score, they should be aware that a lender may be using a very different score in making a credit decision."
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In our upcoming issues we will introduce you to the other members of our team and their duties. Let us put our positive, innovative, experienced and knowledgeable team to work for you today.
Sincerely,
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Jack Fowler, CCIM
Fowler Commercial |
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