Selling your commercial property can create anxiety. Where to start, what is value of the property, marketing, etc.; it can all be pretty overwhelming. Think back over your ownership in this property:
- 1. Due diligence, financing, insurance issues when you were buying
- 2. Post closing surprises
- 3. Leasing and management company “over promising and under delivering”
- 4. Rehab cost overruns
- 5. Deferred maintenance items “true cost” vs. what your inspections indicated.
Was your holding period worth it?
It depends … Selling price, deal structure of sale, closing headaches …
CRI’s seller representation specialty will ensure a “YES” to that question.
CRI specializes in representing sellers of retail centers like neighborhood shopping centers to mid sized anchored shopping centers. Most of our assignments are multi-tenant retail centers totaling 50,000 SF to 150,000 SF. CRI also handles selling assignments of:
- Office buildings (minimum 30,000SF)
- Medical properties (minimum 10,000SF if single tenant)
- Restaurants/ Freestanding ONLY (minimum 5,000SF)
The CRI market area served is a 2-hour radius within Houston, Texas.
The CRI difference
Most Texas CRI firms cast a broad net of services and bring in land listings, commercial/retail properties, represent sellers, buyers, tenants, landlords, etc. Rather than do everything in an average capacity, CRI’s laser focus on seller representation sets us apart…
CRI focuses on only these few areas of opportunity and delivers superior service. The principal of CRI, Mike O’Meara, closed over 500 major office leases from 1988 to 2003 mostly representing office landlords. During the recession of 1991, Mike solely accounted for 10% of the total Houston office leasing absorption with only 3 office properties. We don’t say this to impress you but to impress upon you– The CRI transactional velocity; streamlined approach, lends itself to the retail, office, and medical property owners looking to sell. We no longer focus on office landlord representation even though we possess expertise in that area.
We are ready to talk and assist in preparing your property for sale.
Give us a call 713-553-1590