Wyoming Commercial Property Sales Package

State:
Wyoming
Control #:
WY-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.


Purchase this package and save up to 30% over purchasing the forms separately!

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FAQ

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.

Know Your Needs. The first step in an effective negotiation is to have a firm grasp on what you need out of the lease or sale. Set Budget Beforehand. Now that you have a general idea of what you're looking for, it's time to set a budget. Due Diligence. Making an Offer. Treat All Parties With Respect.

The Person Liable for the Lease. Your Business Structure. How Long You Have Been in Business. The Nature of Your Business. Contact Information. Your Proposed Terms (or, Counter Offer) The Length of the Lease. Condition of the Property.

For office buildings that include retail space, the 2019 edition of Chain Store Age's annual survey of retail build-outs put the average cost at $56.53 per square foot.

LoopNet. LoopNet is one of the most recognized CRE search engines. For those more involved in multi family or residential real estate, LoopNet is often considered the Zillow of commercial real estate.

At the current time, the highest-yielding forms of commercial real estate are mobile home parks, self-storage facilities, billboards and RV parks. These asset classes all trade for around a 10% cap rate or more.

So yes, you can absolutely live in a commercial property.Commercial properties can include residential uses, such as apartment buildings and hotels, which are commercial properties. What you mean to ask is: Can I live on a property not permitted for residential use? The answer is no, you can't do that legally.

Properties that are capable of bringing in the highest return on investments are typically those with the highest number of tenants. These properties include RV parks, apartment complexes, student housing, office buildings, and storage facilities.

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Wyoming Commercial Property Sales Package