"Why Would I want to sell My Commercial Property?"



    "Better Opportunity"

    Many commercial property owners are constantly looking to upgrade their property portfolio and keep their properties at peak performance, maximizing present and future value. Many want to own the "Best of Class" either in their submarket, their property type, or in their tenant structure. These owners see real estate much like a portfolio of stocks and are always looking to upgrade their individual property holdings, thereby willing to "trade up".

    "A Problem"

    Tenant leases are about to expire and or tenants have notified you that they are leaving, requiring large cash outlays for leasing efforts, vacancy periods and new tenant improvements. Your Property might need large outlays of cash in the next 5 years for new Mechanical systems, new roof, parking lot or other non income producing expenditures. Your partners want to sell or be bought out. Family or financial matters necessitate raising cash.


    Many disciplined investors have a philosophy to hold a property for a specific period of time and sell nearing this time expiration. Many partnerships are formed and promises are made to partners to return their capital after a specified number of years. And last but not least, sometimes owners just plain get tired of owning the same property and are looking for a new more glamorous property or a new challenge.

    "Declining Upside"

    The market has passed your property by. Tenants want newer properties, newer architecture, newer locations and newer owners. Your property has gone from an Class A to a Class B or C property, or a Class B to a Class C or D due to deferred maintenance or market competitiveness. You have no desire to spend the enormous amounts of dollars to bring your property into the new class of better leased or higher rent properties.

    Joe garrett, CCIM


    Joe Garrett has been on the CCIM Institute Board of Directors (CCIM International Governing Body) since 2008. Mr. Garrett is also on the North Texas CCIM 2013 Board of Directors. He has held various positions on the NTCCIM Board including Education Director, Secretary and Treasurer.

    What is a CCIM?

    A CCIM (Certified Commercial Investment Member) is a recognized expert in the commercial and investment real estate industry. The CCIM lapel pin is earned after successfully completing a designation process that ensures CCIMs are proficient not only in theory, but also in practice. This elite corps of CCIMs includes brokers, leasing professionals, investment counselors, asset managers, appraisers, corporate real estate executives, property managers, developers, institutional investors, commercial lenders, attorneys, bankers, and other allied professionals.

    CCIM is part of a global commercial real estate network with members across North America and more than 30 countries. This professional network has enabled CCIM members to close thousands of transactions annually, representing more than $200 billion in value. As a result, the experts who possess the CCIM designation are an invaluable resource for commercial real estate owners, investors, and users.

    CCIMs have completed a designation curriculum that covers essential CCIM skill sets including ethics, interest-based negotiation, financial analysis, market analysis, user decision analysis, and investment analysis for commercial investment real estate. CCIMs have completed a portfolio demonstrating the depth of their commercial real estate experience. Finally, they have demonstrated their proficiency in the CCIM skill sets by successfully completing a comprehensive examination. Only then is a designation candidate awarded the coveted CCIM pin, joining the ranks of highly skilled commercial and investment real estate experts.