In part 1 we discussed market value of leasable space and how demand plays a large role in determining rent. Part 2 highlighted a scenario we may see today where a landlord doubles the rent of a tenant. In this post we will examine some of the more subjective and objective reasons whether it is right or wrong for a landlord to raise the rent.Read More
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I have seen it happen often, you have a thriving business, well established in the community, at a well-known location. You are so busy with your business you were not aware your lease expired. You panic and contact the landlord thinking the worst.Read More
There tends to be confusion surrounding the terms used in determining exactly what rent is being charged when leasing a commercial building. Tenants are confused as well as property owners. Below is a primer on the types of rent structures you may find when leasing a commercial property in the Napa Valley.Read More
A memorandum of lease—also known as a short-form lease—is a brief summary of the lease’s basic terms.Read More
I recently had a conversation with a client regarding obtaining a personal guaranty for a lease that was executed by an individual “doing business as.” I am under the impression that a guaranty of lease is only necessary when a lease is executed where the tenant is a corporation or LLC.Read More
Great opportunity for ownership of a landmark property on Sonoma Blvd. in Vallejo. 5,200 SF building is suitable for a wide-range of uses including: retail, office, medical or restaurant. Ample parking, great visibility with the potential for a drive-through.
$1,195,000 or $0.99 psf NNN
301 Post Street, Napa | For Lease | +/-1,525 sf (with 385 sf storage/garage/shop), Office/Service/Retail
New Listing…awesome location on Silverado Trail in Napa. Multiple private rooms, large/conference room, reception area, parking. Plus, an added bonus of a shop/garage with a roll-up door for storage, vehicle, shop, etc.
Wide variety of uses possible:
office, service, retail, dog grooming, beauty salon, spa, interior design, commercial food/bakery, upholstery business, gym, auto electronics, etc.
Good brokers can make money in any market, but fewer tenants and more concessions means you have to market and negotiate like never before.
If you’re lucky enough to be on the tenant side of the commercial leasing equation these days, you and your client are sitting pretty. Even smaller tenants are in a position to ask for—and get—some of the best leasing deals seen for two decades.Read More