Understanding Your Business

It is crucial in developing a cohesive real estate strategy to be able to understand what drives your company. What are its core competencies? Who are your competitors? How have you addressed growth? All of these factors, as well as many others, determine how a real estate plan is developed and executed. Triangle Commercial believes by Creating a Partnering Relationship, above and beyond a provider-customer relationship, we can better understand your business and significantly elevate our ability to advise our clients.

Strategic Real Estate Plan

From this point forward, we begin to mesh your corporate objectives with the real estate project, thus starting the framework of the final outcome. We examine your goals and objectives, and determine both short and long term real estate needs. We also ask questions such as, Is it better to lease or purchase? and How can we reduce our occupancy costs?

Definition of Requirements

Space Needs Analysis - Wants and needs are often quite disparate. Still, they can be combined to create the most beneficial real estate outcome possible. Our Space Needs Analysis aims to do just that by further defining all facets of the property need and how we recommend your best available alternatives.

Subjective Analysis - As we compare the various properties from a financial standpoint, it is also important to personify what it is your company "wants" in a space. Through our subjective analysis, we'll compare and rank the space options based on the key measures that are important to you.

Budget - As simple as possible, we'll outline the economics of your real estate project. This includes determining your budget and how that will eventually marry with the financial obligations of your selected real estate options.

Timeline - Often misunderstood or not clearly communicated is the time it takes for a properly planned real estate strategy to reach fruition. Some short term alternatives can be completed relatively quickly, but may not achieve the optimal outcome. A preliminary timeline will be created to help you understand the length of the project and how your level of time commitment to it might fluctuate. Milestones will be set and recorded and project status consistently communicated.

Survey of Market

Property Matrix - From this point we begin to identify the various alternatives by presenting a cross section of properties that most closely match you subjective and objective needs. This property matrix usually considers price, location, size and basic physical characteristics. This is also a first pass, as criteria and availability can change quickly.

Building Survey - Based on data gathered through the definition of requirements phase, we'll execute a building survey. This involves a drill down of specifications for each location or building examined in the property matrix, including maps, floor plans, demographics and other site specifics. By investigating your alternatives in greater detail, we are able to better define your outcome and help you understand the many intricacies inherent in real estate decision making.

Site Review

Subjective Analysis - The first step in evaluating potential sites for your business entails an intricate subjective analysis. Factors such as proximity to interstate, traffic patterns, growth trends and proximity to important elements are considered. We'll use a comprehensive decision aid that compares your most important subjective criteria and enables all parties to move forward; confident we are all headed in the same direction.

Property Short List - Given the results of the subjective analysis, we'll prepare a property short-list that places side by side the qualitative rankings of your chosen alternatives and ultimately serves to narrow down your selections and further your real estate goals. This step presents a clear depiction of your choices most promising characteristics and helps assign a measurable value to how the physical qualities of a property match your requirements.

Comparative Analysis

 As we move closer to a decision, we'll employ sophisticated financial modeling software and resources specifically tailored to commercial real estate. Driven by your situational data and project goals, we can generate detailed financial outlines of year-to-year commitments, monthly expenses and space breakdowns of cost per department. Included in our analysis is the projected disposition of the asset, thereby evaluating the entire ownership cycle. We are aiming to ensure that the decision you make is a good one, and right for your business.

Negotiation / Selection of Property

When your decision is near its culmination and we are ready to begin the negotiation process, a non-binding Letter of Intent (LOI) is prepared for one or more short-listed properties. The document spells out the major terms of the proposed purchase, such as the price, inspection period, financing details and timing. As the negotiation process continues, the deal terms are refined and a final selection is made as to the best property to purchase and proceed to contract with.

Financing

Financing is often a key component to the acquisition of real estate which can have a significant impact to the cost of ownership. We can assist you in finding and evaluating the various lenders and financing options available to you.

Document Review

Confusing, often one-sided legal language can muddle what may seem like a win-win real estate project. If the seller is preparing the purchase and sale agreement, then prior to submitting it to your attorney, Triangle Commercial will review the contract or other documents involved in your transaction to ensure it accurately reflects the deal terms that were agreed to, and is written in a manner that adequately protects your interests now and in the future.

Facilitating the Closing

Once a purchase and sale agreement is entered into, we will assist in coordination of due diligence activities, provide recommended vendor contacts, monitor key dates, and facilitate communication between the parties to insure a smooth and orderly transaction.

Performance Evaluation

 As the finalization of the deal nears, we want to ensure it has moved along at a steady but productive pace, met your financial objectives and basically, met your expectations. Therefore, we implement a performance evaluation to determine how initial projections marry with the actual and how your needs may have been altered along the way.

Plan for Occupancy

 The tactical part of the project, from construction to hooking up phones and installing signage, is planned in detail. Triangle Commercial can burden a significant portion of the project by assisting you in the planning and implementation of your new location. We can make helpful suggestions regarding which service providers and suppliers will get the job done and at a competitive price.