Orange County Commercial Real Estate
Are you in the process of purchasing a commercial real estate in Orange County, CA? If you’re looking to purchase commercial real estate or sell a commercial real estate property, who you hire to work with you can have a major impact on the ease of this process. Buying commercial real estate is a significant investment and it is one that should only be undertaken with proper care and evaluation. The support of the right real estate agents and brokers who have solid experience in the commercial real estate arena can help you significantly when it comes to finding your dream property.
If you are thinking about getting into commercial real estate in Orange County, either because you need it for your business or because you’re planning it for investment purposes, it is a good idea to work with a team that has familiarity with the local area. This will make it much more likely that you will find the ideal properties for you because your real estate agent or broker will be on the job looking for the perfect outcome for you at all times.
If you are making a one time purchase or if you are intending to regularly buy and sell commercial real estate in Orange County, you need a team of professional’s real estate agents who respect you and who will do everything possible to protect your interests. There’s no doubt it can be stressful or even overwhelming to attempt to do this on your own, but remember that you are not alone when you hire one of professional real estate agents, realtors, and brokers to help you.
What is a Commercial Real Estate in Orange County?
Commercial real estate is a phrase that is used to describe properties specifically for business related purposes or to provide a workspace. Residential real estate is the opposite of this because it is designed to provide a living space. In many cases commercial real estate is leased out to those tenants who conduct income generating or business activities. However, commercial real estate is a very broad category that can include many different types of real estate, such as one single storefront or an entire shopping center. There are many different categories within the concept of commercial real estate including hotels, resorts, restaurants, office space, strip malls, healthcare facilities, and more. Commercial real estate in Orange County is one of the two primary categories of real estate with the other being residential. There are four different classes of commercial real estate. Each of these may be of interest to you depending on your purposes for purchasing or investing in this kind of property. These are known as office space, industrial space, multifamily rental, or retail.
Understanding Office Space Commercial Real Estate in Orange County
Office space has class A, B and C. Class A, for example, represents the best commercial real estate buildings in terms of age, quality of the total infrastructure, location and aesthetics. Class B buildings are still relatively solid but are not as competitive because they’re usually older when compared with Class A buildings. In many cases, an investor may choose to purchase these commercial real estate properties for restoration. Class C buildings, however, are usually those pieces of property that are over 20 years in age, require maintenance and are located in less desirable areas. Some licensing and zoning authorities also further break out industrial properties, so you’ll want to consult with an experienced Orange County real estate agent to help you.
Commercial Real Estate Lease in Orange County
Some businesses own the buildings in which they operate. However, in most cases, commercial property is leased to someone. A group of investors or an investor will own the building and then collect rent from each business operating inside that facility. Commercial lease rates are usually quoted in annual rental dollars for every square foot and commercial leases can run the gamut from one year to 10 years or longer. The typical retail and office space, however, has somewhere between a 5 and a 10 year lease. There are four different kinds of commercial property leases. These include:
- A gross lease in which the tenant is only responsible for rent and the landlord pays property taxes for the building insurance and maintenance.
- A triple net lease which makes the tenant responsible for paying maintenance, insurance and property taxes.
- A double net lease in which the tenant is responsible for paying insurance and property taxes.
- A single net lease in which the tenant is responsible for paying property taxes.
Investing in commercial real estate in Orange County can be very lucrative and can help to provide some protection from the volatility of the stock market. Most returns come from rent from tenants. Retail commercial real estate refers to shopping malls and other similar areas. Industrial commercial real estate refers to storage warehouses and the likes. Multifamily rental is referred to rental residential properties with more than four units.
Listing Agent for Commercial Real Estate in Orange County
The market in Orange County is extremely popular for residential living as well as businesses. This makes it vital to identify an experienced and knowledgeable commercial real estate agent. A talented commercial real estate agent will determine what is necessary to prepare the property to market it as well as for showing it, doing any necessary staging and repairs. A good real estate agent will also market the property nationally and locally in all commercial listing sites to expose it to more investors and agents. This will inform brokerages, investors, buyers and agents in their personal database about the new listing. It can be very important to identify the services of an experienced commercial real estate agent because there is a lot on the line when making this kind of investment. It is very beneficial to you to have the support of an experienced and dedicated real estate agent and broker on your side. Make sure you do not hesitate to contact our team of professionals who have many years of experience as a listing agent for commercial real estate in Orange County.
Buyer’s Agent for Commercial Real Estate in Orange County
Perhaps you are an investor who wants to tap into the thriving market in Orange County and would like to collect rent from tenants inside a commercial building. Or perhaps you’re looking to purchase your own commercial real estate to operate your business out of. There are many sites for commercial real estate listings, such as Loop Net and Costar. You can search these sites and also search the agent’s investor’s database. Contacting the current commercial property owners will help you to find the commercial property you want. When you consult with a commercial real estate agent early on in the process, they will be familiar with the specifics of what you are looking for in a commercial property and can make it that much easier to find the property that you need and know that you have been taken care of in full. A good agent who has knowledge of the local market and the most desirable areas knows the best properties within your budget. This agent will contact, network and advertise to help find the best property for you.
Agent’s Commission for Commercial Real Estate in Orange County
One of the most important things you need to know about any commercial or residential real estate transaction is the commission of your agent. Commissions are negotiable and are paid by the property owner or the landlord in the event it is a rental property. The buyer of property does not pay any commission unless they agree to do so at the outset of the arrangement with their commercial real estate agent. This commission can typically be a percentage of sales price normally in the range of between 4% and 8% but can go lower or higher with the kind of property and its price. This also factors in a flat rate agreed between the seller and the listing agent. Typically, half of this commission will go to the buyer’s agent. Identifying a team who knows the lay of the land and can help guide you through this process will make it much easier for you to buy or sell a commercial real estate property in Orange County, California.
Because there is so much potential in Orange County, you want to work with a team who has strong roots in the local market and who can help to guide you through this process easily and effectively. You have many different things to think about when purchasing a property either as an investor or as an individual business owner. You need to entrust that an experienced commercial real estate broker is there to support you through every step of that process.
What to Look for in a Commercial Real Estate Agent in Orange County
Buying or selling commercial real estate often means partnering with a knowledgeable real estate agent in Orange County. This is extremely important whether this is your first time doing this or whether you have been in the market for a while. Having an established relationship with a knowledgeable real estate agent who knows the local area to make a world of difference. It is in your best interest to always consult with a real estate agent as soon as possible to make sure you have covered all of your bases. Find a knowledgeable real estate agent as soon as possible when you think you may want to have a transaction in the commercial real estate world. Because commercial real estate in Orange County California move so quickly, you want to have an agent who is well tapped into the market and who will provide prompt responses. Many agents understand the importance of providing details and answering questions as quickly as possible, so make sure you ask your intended agent how they will communicate with you over the entirety of this process.
It is also ideal to form a partnership with someone who has been through many commercial real estate transactions before. It is certainly true that there is no shortage of people that you can work with as a real estate agent, broker, or realtor. When you were intending to purchase or sell commercial real estate, choose someone you trust. Ideally, this person will have worked in the local area for some period of time and will be very familiar with the different kinds of listings that come up and their associated neighborhoods. This will make your life much easier when they can communicate with you about these listings as soon as they come on the market. You will have a better understanding of whether or not you intend to make an offer and the potential return on investment if you are a buyer.
When you are working with a commercial real estate listing agent or seller’s agent, you want to make sure they have the appropriate marketing skills and business relationships to list your property for sale. There are many different factors that go into a commercial real estate transaction, and it is imperative that you find someone who is very comfortable and confident in managing all these different components.
Finally, you want to work with an agent who has a personality that matches well with yours. Your agent to take all of your needs personal and professional very seriously and should always communicate with you in a timely fashion. You should always be able to trust your real estate agent to put your best interests first.