Every Client has different parameters and similar needs, a success story is not always easy to get to. Lease rates, location, tenant improvements and more play into the negotiations and approximately 12-15 steps before execution. Whether it is an office, office condo or warehouse property every deal is a bit different. Here are some great examples of Client success stories achieved with Clients that leased or purchased a commercial property in Austin using Shire Commercial. Interested in more examples? View more successful transactions here.
Office Condo Purchase
- Square Footage: 1,231
- Closing Price: $181,000
- Client Type: Buyer-Owner
- Time to Complete: 45 Days
The buyer was represented by Shire Commercial and the seller was represented by another commercial real estate agent. The office condo had a Class A finish and was located on Jollyville Road, the office condo park was well maintained and the buyer wanted something that was location specific along with good amenities.
Office Lease
- Square Footage: 1,634
- Lease Rate: $2,475/month
- Client Type: SEO + Marketing
- Time to Complete: 21 Days
- Lease Term: 5 years
This tenant was in an office space where the parking became very congested. Shire Commercial helped the client find a new office space within walking distance with more room, more parking, and the same rent that the client has before. The amenities of the new space were much nicer with many windows and much better parking.
Office Lease
- Square Footage: 3,286
- Lease Rate: $17.50 per year
- Client Type: Merchant Services
- Time to Complete: 60 Days
- Lease Term: 3 years
The tenant required a space that was a top priority with location, covered parking, and a better rate than the general surrounding market. The finish out of the space was fairly extensive and Shire Commercial successfully helped the tenant re-configure the space and negotiate rent concessions along with improvements from the landlord.
Office Condo Purchase
- Square Footage: 972
- Closing Price: $110,000
- Listing Time: 120 Days
- Time to Close: 60 Days
This property was listed by Shire Commercial, the seller had moved out of the complex and was renting to a tenant that eventually vacated the office condo in Cedar Park. The property was marketed with a Virtual Tour from Shire Commercial’s virtual tour capabilities used every time we take a listing.
Warehouse Lease
- Square Footage: 4,869
- Lease Rate: $0.65/mo
- Client Type: Martial Arts
- Time to Complete: 30 Days
- Lease Term: 5 years
This tenant saved over $4,000 per month moving from their high rent retail location to a location within close vicinity of their original place of business. Flex Warehouse space can be a nice cost savings for businesses that requre an office and open area environment. Flex Warehouse space is leased at a higher rate than standard warehouse properties.
Warehouse Purchase
- Square Footage: 5,500
- Closing Price: $440,000
- Time Frame: 45 Days:
- Time to Complete: 60 Days
This property was a super find for a Buyer-Owner that needed to be between San Antonio and the Austin area. They were originally looking to lease a warehouse space. Shire Commercial found the client a foreclosure that was a very good value, especially considering that warehouse foreclosures are not very prominent in the Central Texas area as of 2013.
Warehouse Purchase
- Square Footage: 6,260
- Closing Price: $365,000
- Client Type: Buyer-Owner
- Time to Complete: 3 Months
This purchase required creativity and an outside of the box approach because the Buyer-Owner could not obtain direct financing right away due to the lender’s criteria in underwriting. Shire Commercial provided an interim financing solution that allowed the Buyer to occupy the warehouse property for 18 months while the business financing issues cleared with time. Permanent financing was completed and the full sale of the property occured in August of 2013.
Office Lease
- Square Footage: 1,579
- Lease Rate: $21.00 per year
- Client Type: Chiropractor
- Time to Complete: 30 Days
- Lease Term: 3 years
For this tenant, a chiropractor, the location was very important along with easy access for his patients. The layout of the office space fit his needs pretty closely, and improvements were negotiated along with rent concessions by Shire Commercial.
Warehouse Lease
- Square Footage: 8,300
- Lease Rate: $0.50/mo
- Client Type: Race Cars
- Time to Complete: 30 Days
- Lease Term: 3 years
This tenant had a unique set of challenges, one of them was to be able to park an 18 wheeler that transported their race cars to the race car tracks. They needed it hidden or preferably fenced, Shire Commercial was able to help them negotiate a lease term for 3 years along with finding them an area large enough to accommodate the transport vehicle.
Warehouse Lease
- Square Footage: 2,500
- Lease Rate: $2,475/month
- Client Type: Online Retailer
- Time to Complete: 35 Days
- Lease Term: 3 years
This particular tenant required a smaller warehouse space with very little office area and mostly open warehouse space. The space we located is a Class A warehouse with reasonable rates within the location requirements they needed. Shire Commercial also negotiated TI from the landlord to get the space ready for the tenant to move in.
Office Lease
- SF 1,200
- Term 2 years
- Furnished office space
- Lease Rate $17.50 1st year
This client was able to find a fully furnished (needle in the haystack) type office space in the right location for their business. Negotiations that took place helped the tenant save some money on the base rent as well even though it was a short term lease.
Office Condo Purchase
- 920 SF
- Location: Cedar Park
- Time to close 60 days
- Price $159,000
This client was not able to locate a suitable office condo after dealing with other commercial listing brokers who did not represent their interests. After contacting Shire Commercial , we made calls to reliable brokers we know and found them a new home as well as worked every step of the transaction for the buyer including the financing with a lender.