Buying Retail Property in Las Vegas? What You Need to Know

Aerial view of the route 95 freeway and suburban Summerlin homes

Are you interested in finding a property to showcase your goods or services to consumers? Due to online shopping’s prevalence, you may be wondering what kinds of opportunities are available in brick and mortar spaces. However, many businesses continue to thrive by providing a unique experience that online shopping simply can’t offer, with some online retailers shifting to open physical locations. Learning about the local market, the types of pressures retailers face, and the unique advantages they have can help you find the right spaces for your business or portfolio.

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How Much Does an Office Build-Out Cost and What Does It Entail?

Under construction empty commercial retail space for rent

Executing a build-out or modifications for an existing building can be a challenging, complex, and costly process. If you don’t have experience with construction, you probably don’t even know where to begin. However, it might be necessary for your business, even when you take the risks into consideration. Knowing your office build-out costs can help you decide if you really are better off with new construction or if you should lease a different space.

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How to Purchase Multi-Family Properties

New duplex house

Multi-family properties are popular investments, because they can serve as appreciating assets that yield reliable streams of income. However, finding a property that provides value can be a challenge if you don’t know what to look for or how to obtain financing. The Las Vegas and Henderson markets have an abundance of multi-family properties to choose from, but it can be difficult to get started. Once you learn how to buy a multifamily property, you can begin your search for the one that will ideally complement and grow your portfolio.

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What is the Tenant Responsible For in a Commercial Lease?

Luxury office interior

If you need a space for your new business or are taking your current business to the next level, then it is a safe bet you will be signing a commercial lease. There are several types of commercial leases, making it important to know what you are getting into before you sign that contract. Read on to learn about the responsibilities a commercial tenant will have to assume upon signing of a lease.

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How to Determine the Cap Rate in Commercial Real Estate

Commercial property

If you are new to the process of buying commercial property, you’ll want to know a property’s cap rate (short for capitalization rate) before purchasing it. Simply put, this metric will let you know ahead of time the potential of a real estate investment. This article will help you understand exactly how a cap rate works, how to calculate it, and when it’s indicating a property can serve as a good investment.

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Are Commercial Real Estate Loans Nonrecourse?

commercial real estate building

Your business is booming and you are looking to move your business into a newer, larger space. Maybe you are a commercial real estate investor looking to purchase property. Regardless of the reason why you are purchasing commercial real estate, you may need to secure financing for the purchase.

Most loans require you to put up collateral to back the loan against default. Should you default, the lender can go after you, personally, for any outstanding debt on the loan. These “traditional” loans are called recourse loans. However, did you know there are non-recourse loans that protect your personal finances are available for your commercial real estate purchase?

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What Financials Are Needed for a Commercial Lease?

commercial buildings in a business park

There are several issues a new or existing business owner will need to tackle when considering a commercial real estate lease: Do I have the money to cover the length of the lease? What happens if my business isn’t as successful as I imagined? How far back would the landlord want to see my financials to determine if I am a good or bad risk? Will I need a lawyer or accountant to secure my new lease?

A business owner will want to carefully consider these factors and others before signing on the dotted line. Whether the lease involves a warehouse, retail space, or a simple office, landlords will want to see some specific financial and credit-history information about you and your business before cashing your check. This applies to both existing businesses and startups, because as in the case of any rental or lease (whether commercial or personal) the landlord wants to know if you can pay the rent.

It will benefit you greatly to present your financial situation in the best possible light in order to have a better negotiating position from which to work.

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Is Industrial Property a Good Investment?

Trucks unloading in an industrial property

Thinking about expanding your portfolio to include industrial property? In Las Vegas, the sector is growing for the first time since the 2008 financial crisis, with around ten million square feet of space added since 2017 (according to Nevada Business Magazine), and demand continues to grow. In 2018, the industrial real estate sales hit a whopping 16 billion dollars in sales nationwide. The smart, savvy investors will take the time to figure out if they too can be a part of this lucrative industry.

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Why Is It Difficult to Find Industrial Property in Las Vegas?

industrial property

Due to the increase in online shopping behavior, shipping and fulfillment is in greater demand in addition to the myriad other uses for warehouses. With this in mind, industrial property seems to be a targeted investment for many investment groups.

Unfortunately, the availability of industrial property does not meet the demand, making it difficult for investors to find vacant properties to lease as well as for companies to acquire industrial buildings for investment.

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