A medical client needed to relocate its marketing team and distribution center in order to launch a new business line. They enlisted the help of Justin Rayburn, to quickly find new space.
Rayburn was tasked with quickly identifying flex office options within north Denver and the I-36 corridor, for immediate occupancy.
In order to launch the new business line, the relocation needed to happen within 30-45 days.
Over 30 properties were identified and 4 ideal and viable alternatives were selected and toured within five-days of notice of the requirement. The top option from the tour was selected and a letter of intent was negotiated within 15-days of engagement. The client had a fully negotiated lease within 35-days and took occupancy of the new premises on the 47th day.
Justin Rayburn, tenant representative, successfully identified, negotiated, and secured a new space for the marketing and distribution team. If you’re interested in relocating, but don’t have the time or knowledge to find a new space, contact us at Fountainhead Commercial. We’d be happy to help in your search for a new space.
A California-based investor reached out to Justin Rayburn, to help complete a 1031 Exchange so they could defer capital gains taxes on a commercial building sale.
The client sold a commercial property in California and had 45-days to identify replacement properties in Colorado in order to complete a 1031 Exchange, which would prevent the client from having to pay significant capital gains tax on proceeds realized from the increase in property value.
Once properties were identified, they had to be closed within the following 135-days, which meant Rayburn had to move quickly. He recommended the client diversify their financial portfolio by purchasing two investment-grade office properties in Colorado that would qualify for the 1031 Exchange program and provide a continuous stream of retirement income for the client.
An administrative office in the healthcare industry came to Justin Rayburn, tenant representative, to renew and restructure an existing lease agreement.
The client was in a long-term lease obligation at a rental rate that was 15% above current market rents in their building and in need of interior renovations completed within the premises.
The client didn’t have the time or in-depth expertise needed to go head-to-head with their landlord—that’s where we came in. To successfully restructure the lease, Rayburn knew he would have to start negotiating early. Without sufficient lead time, they’d lose any leveraging power they had. To determine the new leasing agreements, Rayburn performed a property evaluation, market analysis, and financial analysis. After doing so, he sought a lower rental rate and much-needed tenant improvements.
Investing in real estate has proven to be a great way to build wealth. Commercial real estate (CRE) investments, in particular, can provide consistent streams of income compared to residential real estate properties. If you’re interested in commercial real estate investment opportunities in Denver or elsewhere in Colorado, you’ve come to the right place. We’ve put together a comprehensive guide of need-to-know tips for commercial real estate investing in the metro area as well as statewide.
So, you’re looking for a new commercial real estate space for your business. That’s great! Operating in the right office or warehouse is a key factor in achieving long-term growth and success. But finding the right fit for your business in Denver’s competitive commercial real estate market is often a challenge unless you have an unlimited rental budget. Selecting the right space—and successfully negotiating a lease you can afford—are no easy feats. To avoid potential pitfalls, it’s wise to seek out the professional support of Denver tenant representation services.
Every landlord wants to attract creditworthy tenants to their property. However, that’s often easier said than done. As a landlord, you have a long list of responsibilities and day-to-day tasks that must be completed. By working with a landlord representative, you can ensure you unlock your property’s full potential and find well-qualified, long-term tenants. If you’re interested in learning more about Denver landlord representation, we’re here to help.
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Denver, CO
