Oklahoma City Oklahoma Commercial Property Sales Package

State:
Oklahoma
City:
Oklahoma City
Control #:
OK-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.



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FAQ

Commercial property refers to immovable property used for industry. Commercial property typically refers to a building that house businesses, land that is intended to make a profit, and larger residential rental properties.

Four Keys to Sourcing Good Deal Flow in Commercial Real Estate Key #1: Relationships. Commercial real estate brokers are the gatekeepers for many deals.Key #2: Clear Investment Criteria.Key #3: A Methodical and Data Driven Approach.Key #4: Multiple Offers.Interested in Learning More.

How do you find good Commercial Property deals? 1 Local and national sales agents.2 Proactive Networking.3 Online search.4 Building personal profile on and off line.5 Auction listings.6 Sourcing agents.

High Return on Investment and Positive Cash Flow Because you may receive monthly positive cash flow and a high ROI, Airbnb and rental properties are the best types of real estate investment. Investing in rental properties especially yields a steady and substantial profit.

Investors looking for a bargain price are likely to run into higher cap rates. This is also true for properties that need significant development or renovations. In these situations, higher cap rates between 8%-10% could be considered good.

Oklahoma is a very landlord-friendly state, helping to keep the rental market strong over the long term for real estate investors. Key Market Stats: Median rent in Oklahoma City is $1,460 per month for a 3-bedroom home, according to the newest report from Zumper (as of June 2022).

6 Commercial Real Estate Valuation Methods Cost approach.Sales comparison approach.Income capitalization approach.Value per Gross Rent Multiplier.Value per door.Cost per rentable square foot.

Net Operating Income To determine the NOI of a property add all sources of revenue (rent, leases, parking) then subtract all expenses (utilities, maintenance, taxes, but not mortgage) from that number. A property with a high NOI is the better investment.

Properties with high demand and higher number of tenants The higher the number of tenants on your property, generally speaking-the greater return you can expect. Properties that can accommodate the highest number of tenants are typically those with amenities like RV parks, apartment complexes and student housing.

But when you're talking about going into seven figures in commercial real estate, there are only three tried-and-true roles where you can create real wealth: investor, developer and broker. Successful investors in real estate can build wealth through long-term ownership and consistently building their portfolios.

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Oklahoma City Oklahoma Commercial Property Sales Package