Hawaii Commercial Property Sales Package

State:
Hawaii
Control #:
HI-P021-PKG
Format:
Word; 
Rich Text
Instant download

Description

With this Commercial Property Sales Package, you will find many of the forms that are part of closing a commercial real estate transaction.


Included in your package are the following forms:



1. A Contract for the Sale and Purchase of a Commercial Lot or Land without a Broker;

2. A Option for the Sale and Purchase of a Commercial Building;

3. A Option for the Sale and Purchase of a Commercial Lot or Land;

4. An Addendum for Environmental Assessment of Threatened or Endangered Species or Wetlands;

5. An Addendum for Continued Marketing of Property by Seller due to Contingencies;

6. An Exchange Addendum to Contract for Tax Free Exchange under Section 1031;

7. A Tax Free Exchange Agreement pursuant to Section 1031; and

8. A Fixed Rate Promissory Note Secured by Commercial Real Estate.



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How to fill out Hawaii Commercial Property Sales Package?

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FAQ

Income potential.Commercial properties typically have an annual return off the purchase price between 6% and 12%, depending on the area, current economy, and external factors (such as a pandemic). That's a much higher range than ordinarily exists for single family home properties (1% to 4% at best).

Educate Yourself. Choose A Property Type. Your Investment Strategy. You Need To Know The Math Inside And Out. Take a CCIM course and work for your designation. Find A Broker That Specializes In Your Chosen Property Type. Find A Commercial Real Estate Attorney.

LoopNet. LoopNet is one of the most recognized CRE search engines and offers a number of different types of commercial property including office, multifamily, industrial, retail, land, agricultural, hotel & motel, and residential income properties.

To calculate the value of a commercial property using the Gross Rent Multiplier approach to valuation, simply multiply the Gross Rent Multiplier (GRM) by the gross rents of the property. To calculate the Gross Rent Multiplier, divide the selling price or value of a property by the subject's property's gross rents.

The top commercial real estate apps LoopNet Commercial Real Estate Search If you're looking for a commercial property to buy or lease, LoopNet offers a Commercial Real Estate Search App that is available on Android and iOS devices.

There is a lot of money to be made in commercial real estate. In many positions in our industry, people can earn from $80,000 to almost $250,000 between salary and bonuses. That's certainly a lot of money.

If you want to know what homes are on the market in any given city at any given time, hopping on Zillow can give you a good idea of what's out there. There really isn't an equivalent commercial platform. One site that includes a lot of commercial property listings is loopnet.com.

Owners of commercial property are typically responsible for loan payments as well as all costs associated with operating the commercial space. This means that in addition to our annual loan payment, we should expect to cover the following annual costs: Annual property taxes: $6,000. Annual retail insurance: $1,500.

Learn how to recognize value. One important lesson every investor should learn early on in their career is that not all commercial properties are created equal. Look for motivated sellers. Get Online.

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Hawaii Commercial Property Sales Package