Interested to Buy Any Domain ? << Click Here >> for more details...
Case study
Real estate question:
1. Mr. Johnson owns a small commercial property which
has 4 units with a total square footage of 9384. The
property is located in an area suffering from high
vacancies. The current tenants remaining are ABC
Corporation, who occupies 2888sq ft. And recently
renegotiated and lowered their lease rate through 2011 and
XYZ electronics corp., who occupies 3350 sq.ft. With their
lease due to expire December 2010. The remaining 2 vacancies
are marketed by a local broker. Currently there are no
potential tenants viewing the vacant graces.
What might Mr. Johnson do to retain his 2 tenants and
attract new renters to his property and how might this
impact his income and/or expenses this year and next year?
Please explain your answer.
- 2 Answers
- 18870 Views
- ALP, Wells Fargo, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / vijay reddy last mile
The case can be broken up into 3 main parts
1. Retain Existing Customers who occupy 6238sft
- Lower the sft rate on par with the market
- Free Maintenance
- Free Water
- One month free rent with tenant who is about renew
2. Attract 2 new tenants to fill 3146sft
- Aggressive marketing of space
- Attractive Pricing
- Free first one month rent, full year maintenance and water
- Lower the deposit
3. Impact on Johnson income/expense
- The impact can be either increased income because the additional 2 portions are filled with aggressive marketing and pricing options
- If the options do not work and the 2 spaces are not filled along with one existing tenant not renewing then there is drastic effect in the income and percentage of expense to income will increase
| Is This Answer Correct ? | 29 Yes | 4 No |
The question you asked, I think you have to take a help from broker of nearby your area. Because my friend had also same problem before 2 years ago so he take a help of residential plot brokers in Nagpur. I hope this link they share with me will help you.
https://www.pickeronline.com/nagpur/residential-plots
| Is This Answer Correct ? | 1 Yes | 0 No |
need and significance of labour audit in corporate sector
rate of customes duty
what is proffesion . i want to open a school under cheritable society it is a proffesion
suing social services health service and social security
If we pay payment to party then what is due date
explain about the coercion
Would you be able to do time-recording?
IF WE PURCHASE FLEX AND SUPPLIERS PRODUCE BILL & CHARGED 4% VAT THEN WHAT WILL BE TDS STATUS.
How did you first become interested in a career in law?
we have a licence of manufacturing himachal pradesh, so can we export raw material by purchase from our local vendor by issue of form H to the local vendor ?
Howmany members are there in security council ?
Are you willing to go through the accreditation process for police station advisors?
-
Law AllOther (806)
