About Us p. 2 This Issue For Sale p. 6 Recent Transactions p. 14 Lubbock CRE Quarterly Fall 2014 | Volume I, Issue III Presented By: About RE/MAX Commercial p. 3 Properties For Sale p. 6 Properties For Lease p. 11 Recent Transactions p. 14 RE/MAX Lubbock Commercial Division 4703 S Loop 289 Lubbock, TX 79424 David Bloodworth, CCIM (806) 632-3244 Julie Childs (806) 441-1481 Nick Thomas (806) 785-8309 www.lubbockcommercialre.com Office Warehouse on 1.4 Acres Eskimo Hut Contact Us News p. 4 For Your Information p. 5
Transcript
About Us p. 2
This Issue For Sale p. 6
Recent Transactions p. 14
Lubbock CRE Quarterly Fall 2014 | Volume I, Issue III Presented By:
About RE/MAX Commercial p. 3
Properties For Sale p. 6
Properties For Lease p. 11
Recent Transactions p. 14
RE/MAX Lubbock Commercial Division 4703 S Loop 289 Lubbock, TX 79424 David Bloodworth, CCIM (806) 632-3244 Julie Childs (806) 441-1481 Nick Thomas (806) 785-8309 www.lubbockcommercialre.com
RE/MAX Commercial Network Ranked in the Top 25 Commercial Real Estate Brokerage Networks
RE/MAX Commercial, part of the world’s most pro-ductive real estate network, is a leader in the com-mercial and investment arenas. Whatever the property and whatever the transaction, RE/MAX Commercial delivers a level of awareness, trust and confidence that competitors simply can’t match. RE/MAX Commercial Practitioners have access to the industry's top training system, corpo-rate support services and the best quality referral network in the business – more than 90,000 Sales Associates. And a presence in over 90 countries. What does this mean for you? A better way in Commercial Real Estate. Tell us what you need, and we'll get it done. With a 39-year track record of professionalism and customer focus, we under-stand the long-term value of every transaction, large or small. Work with us once and you’ll realize the competitive advantages we bring to the table. RE/MAX has become one of the most dynamic names in the commercial sector. We're constantly building market share, and there's a very good reason for that: We get unparalleled results for our clients – clients just like you.
Lubbock CRE Quarterly | 3 (806) 785-8309
News
A Better Way In Commercial Real Estate RE/MAX Commercial A Top 25 Network Annual Commercial Brokerage Survey Ranks RE/MAX Among Best
RE/MAX Commercial, part of the world’s most productive real estate network, has been included in National Real Estate Investor (NREI) magazine’s Top 25 Commercial Brokerage Networks survey for the fourth year in a row. “RE/MAX Commercial is once again honored and delighted to be recognized by National Real Estate Investor as one of the top networks in commercial real estate,” said Mike Reagan, RE/MAX Senior Vice President, Business Alliances. “We continue to see extraordinary growth of our brand around the world, and inclusion in such a respected survey is a tribute to all our RE/MAX Commercial Practitioners. They are some of the most talented, dedicated and professional specialists in the industry, and we thank them for making this recognition possible.” The annual Top 25 Commercial Brokerage Networks listing is based on responses to NREI’s Top Brokerage survey that was conducted earlier this year. The survey collected detailed information on commercial real estate brands including total dollar value of leasing transactions and investment sales, revenues and total number of transactions completed in 2013. RE/MAX Commercial recently reported a remarkable 22.8 percent growth in total volume in 2013 when compared with the previous year. The commercial division of RE/MAX recorded $8.7 billion in total sales and lease volume last year compared to $7 billion in 2012. The brand continues to gain momentum as it grew its total volume 17.4 percent from 2011 to 2012. The number of annual transaction sides in 2013 also demonstrates the continued growth of RE/MAX Commercial. RE/MAX Commercial Practitioners around the world were involved in 15 percent more transaction sides in 2013 when compared to 2012 – growing from 20,400 transaction sides in 2012 to 23,585 last year. The brand’s transaction sides also grew from 2011 to 2012 with an increase of 8.4 percent. RE/MAX Commercial offices and divisions grew globally from 439 in 2012 to 491 in 45 countries in 2013. According to the Certified Commercial Investment Member Institute (CCIM), RE/MAX has one of the largest contingents of CCIM designees and candidates in the industry. Additionally, four RE/MAX Commercial Practitioners have served as presidents of the CCIM Institute.
Site Selection: It’s More Than Just Location By Julie Childs
Whether leasing space, purchasing an existing building or buying land to build, it is important to thoroughly understand all aspects of site selection. Location is obviously important; however, there are other factors that should be analyzed.
Zoning – Understanding zoning is an important first step in finding the right location. Most cities have strict zoning laws governing business location potential. While zone changes can be requested, it is often a time-consuming process and there is no guarantee that the change will be approved.
Building Requirements – As with other considerations, facility requirements vary from business to business. Is high speed internet access critical? Are there special power requirements? What type of product storage is needed? Are individual offices as well as group meeting space important? Is dock high loading or warehouse space a necessity?
Cost – The cost of a property is not just the initial purchase price or the lease rate. One must also consider on-going expenses such as utilities, taxes, insurance, landscaping costs and other building maintenance.
Convenience – Depending on the type of customer, either visibility or accessibility or both may be important. Is the location easy to find? Is the location easy to get to? Is parking convenient? Does public transportation serve the area? Does the business depend on drive-by traffic or is it a destination?
These are some of the considerations that are involved in finding an appropriate location. Working with a commercial real estate professional will help insure that the process goes as smoothly and as quickly as possible.
Lubbock CRE Quarterly | 5 (806) 785-8309
Manufacturing Site For Sale 8504 US 87, Lubbock, TX 79413 Industrial | 84,000 SF | $2,750,000
For Sale
Office Warehouse on 1.4 Acres 3210 N FM 1936, Odessa, TX 79764 Industrial | 11,000 SF | $1,300,000
US 87 Warehouse Space 12403 US 87, Lubbock, TX 79423 Warehouse | 24,000 SF | $710,000
City Name Location Hurst Pure Water Ice and Tea Company 1700 Precinct Line Rd Lubbock 4.5 Acres 17th St and W Loop 289 Buyer Representation Ave T & Marshall St Eskimo Hut 305 Frankford Ave Pure Water Ice and Tea Company 404 Frankford Ave Reagor-Dykes Auto Group 10307 US 87 SarahBelle's Boutique 1217 University Ave The Beast Factory 13th St & University Ave
Recent Transactions Below are only a few of our previous transactions. Visit our website to see more.
