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Sale and Leaseback

Measuring your Commercial Property

In residential real estate room sizes are required, in commercial, it is less about room sizes and more about total square feet – and in leasing it is about useable and leasable area. If you haven’t already done so I strongly recommend having your space or property measured by one of a number of professional…

Land prices in GTA

I use the term land “prices” rather than land “values” as land has no intrinsic value as in a development with infrastructure and buildings. Having just completed an industrial land search from Mississauga to Hamilton, and planning further searches for specific clients, I can say that prices are climbing and recent deals are really eye…

Sale and Leaseback – better than outright sale?

We are seeing an increasing number of clients considering sale and leaseback, for many good reasons : A global manufacturer wanting to add a new production line costing $2million who owns their own building valued at $5.5million with significant equity tied up; A manufacturer who won a bid for a major supply contract but realized their working…

Environmental Basics

Most commercial properties have at least some environmental risks. Beyond that statement it is a property by property situation. The most common problems come from past or present industrial uses or other hazardous uses like gas stations or dry cleaning plants. When you are buying it is advisable to at least consider a Phase 1 environmental report –…

Basics of Commercial Property Finance

As a licensed mortgage broker in Ontario I sometimes get involved in the financing of commercial properties. I usually do this as a convenience to my Martel clients rather than focus on financing as a main business line. Point 1 : Talk to your bank first. Most clients have an existing banking relationship with a…