April 2015 Vol. 6 Issue 9
Dear Friends,

If you are trying to make the decision whether to buy or lease the real estate that your company requires, there are six important questions you must ask. The answers to these questions will absolutely lead you to the right answer. What are those questions? 

  • What is the projected growth of the company, and the holding period of the real estate?
  • What is the company's alternate use of capital?
  • What is the availability of capital?
  • What exit strategy is required?
  • What infrastructure improvements are required?
  • Are there environmental concerns with the property?

Along with Steve Cohen of Franklin, Gringer and Cohen, I will be explaining how to answer these questions and make sense of the answers at our Spring Conference, "Should You Lease or Buy Real Estate for Your Business." It's being held Carlyle at the Race Palace in Plainview (located at LI Expressway Exit 48, Round Swamp Road) at 8 AM on Wednesday, April 29th.  I will also show you how to use discounted cash flows to compare two or more leasing or buying scenarios. 

 

In two hours we will explain the methodology and send you away with a booklet of the presentation.  The event is without charge, so feel free to invite anyone else who might benefit from this information, and join us for a free breakfast!

 

See the registration details below and be sure to reserve your place online as soon as possible.  Seating is limited 

"Oh the possibilities!"

David G. Hunt
Six Essential Rules for Closing Deals
                                               by David G. Hunt
Q:  We are trying to buy an industrial building for our distribution business. We have lost two deals in a row, and are getting frustrated. I'm wondering what suggestions you might have to actually close a deal once you have found the property you want.

A: Entire books have been written about the art of negotiating. Since you have not shared any of the details of your situation, let me share with you the most important strategies that have helped me negotiate advantageous transactions for our clients. Here are my Six Essential Rules for Closing Deals.

1. Know your market. Any real estate ne­gotiation has to be kept in the context of the market. Hopefully, your agent has given you a thorough background on the market in your geographical area and size range. As an example, market data might tell you that buildings in your area, size range and condition are...  Click here for full article

Free Registration - Limited Seating
  

Property Highlight

 

3,600 Square Foot Industrial Building for Sale 
145 Florida Street, Farmingdale, New York
145 Florida Street, 
Farmingdale, New York

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What's New at Hunt

Hunt Named Exclusive Agent for the Sale of 145 Florida Street, Farmingdale, NY

  

Conference Scheduled, "Should you Lease or Buy Your Commercial Real Estate?


Autel US Leases Space in Farmingdale, NY

Financing File 
Current Market Rates and Programs for the Long Island Commercial Marketplace  

The SBA 504 loan program offers long term (10 or 20 years) fixed rate subordinate mortgage financing for the purchase and renovations of existing buildings or new buildings and equipment. Loans are up to 40% of the project cost..... (MORE)

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COMPARABLE SALES IN THE LAST 12 MONTHS

City Address              Property Type Size SF  Office SFAcres Total  Sold Price/SF  Sold Date 
Hauppauge
17 Central AvenueIndustrial22,0005,5001.93$87.50
3/13/2015
Plainview
10 Skyline Drive
Industrial
23,500

1,600
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3/9/2015
Hicksville
327 New South RoadIndustrial/Office15,0001,5001$65.01
3/1/2015
West Babylon107 Mahan StreetIndustrial17,0006,0002$135.84
2/272015
West Babylon99 Nancy StreetIndustrial25,000
2.5$100.40
2/27/2015
Hicksville
810 South BroadwayIndustrial Retail80,00016,000
3.5
$75.00
2/26/2015
For more Recent Sales, click here
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