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July 2015 Vol. 6 Issue 12
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Dear Friends,
If you own commercial real estate and are trying to lease or sell it, then you need to be concerned about marketing. The objective is to lease or sell your property for the highest price in the shortest amount of time. And the key to accomplishing this is to make your property as attractive as possible, without spending a lot of money!
After 42 years of marketing commercial real estate, I can tell you that appearance is very important. A small percentage of tenants and buyers have the imagination to see a renovated building in their mind's eye, but most simply do not. This month's article will help you concentrate on improving those areas of your property that make the most difference in creating an attractive home for future business.
Do you have any questions on commercial real estate or construction? Give us a call! My staff and I are always here to assist you. We also have over 100 reprints of articles I have written over the years on all phases of commercial real estate and construction. We probably have one to address any concern that you may have. If not, I'll write one just for you!
My best wishes for an outstanding summer.
"Oh the possibilities!"
David G. Hunt
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Property Sparkle on a Budget
by David G. Hunt
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Q: I have a building for lease. I want to make the property attractive for tenant but have a limited budget. Where do I start?
A: When marketing commercial real estate, there are three major concerns that you should address with respect to property maintenance. These are the overall appearance of the property ("curb-appeal"), perception of past maintenance, and of course, any safety issues. All three of these items will impact a prospective tenant. That impact can be either positive or negative.
I was recently contacted by a property owner who was having difficulty leasing his building. I agreed to inspect the property with him and make suggestions. Before we even got into the building... Click here for article
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Property Highlight
127 Allen Boulevard
Farmingdale, NY
FOR SALE
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Companies on the Move
| VasoMedical is moving to 137 Commercial Street, Plainview... MTex Solutions America is moving to 90 Plant Avenue, Ronkonkoma... Liberty Safes of New York is moving to 1815c Broadhollow Road, Farmingdale... Qosina Corporation is moving to 2002 Orville Drive North, Bohemia... Gold Medal Bakery leased space at 200 13th Avenue, Ronkonkoma...
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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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Our Corporate Headquarters
17 Dupont Street, Suite 4
Plainview, NY 11803
516-937-1000
www.huntcorp.com
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COMPARABLE SALES IN THE LAST 12 MONTHS
| City | Address | Property Type | Size SF | Office SF | Acres Total | Sold Price/SF | Sold Date |
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| Copiague | 30 Reith Street | Industrial | 12,000 | 2,400 | 0.70 | $66.67 |
6/29/2015
| | Bethpage |
201 Grumman Road
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Industrial
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161,360
| 5,985 |
16
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$111.49
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6/15/2015
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Wyandanch
| 29 Wyandanch Avenue | Industrial | 14,000 | 1,400 | .940 | $89.29 |
5/28/2015
| | Hauppauge | 5 Davids Drive | Industrial/Flex | 20,000 | 10,000 | 1.9 | $117.50
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5/26/2015
| | Westbury | 116-118 Magnolia Street | Industrial | 15,000 | 2,500 | 0.55 | $83.33 |
5/7/2015
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Jericho
| 61 Jericho Turnpike | office | 11,000 |
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0.39
| $286.36 |
4/24/2015
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For more Recent Sales, click here |
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©Copyright 2010, All Rights Reserved. The content of this web site may not be reproduced without the written permission of HUNT Corporate Services, Inc. All information is from sources deemed reliable and is subject to prior rental or sale, errors, omissions, change of price and withdrawal without notice.
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