Commercial Real Estate
Perimeter Atlanta Realty's Commercial Real Estate Division is capable and experienced in providing a broad range of real estate services to buyers, developers, investors, landlords, sellers and tenants of property. PAR stresses primary research but also subscribes to many commercial databases. Our specialty is multi-family property, and land for apartments and residential subdivision development.
- Site Selection
- Seller/Landlord Representation
- Buyer/Tenant Representation
- Market & Feasibility Studies
- Ad Valorem Tax Appeal
- Investment Analysis
- Highest & Best Use Studies
- Multifamily Due Diligence
- Site/Property Inspections
- Cash Flow Forecasting/Analysis
- Lease Modeling
Site Selection
Site Selection is based on pre-defined geographical location requirements, which require comprehensive searches for suitable land and/or improved property. During the site selection process, PAR agents work directly with the client to determine specific property or facility requirements. Our agents utilize a variety of resources, including proprietary databases, Geographical Information Systems (GIS), and intensive field research to locate the best solution for the client. Additionally, in an effort to enhance the selection process, we work to obtain and decipher demographic data, traffic counts, and prior sales for the target area.
Seller/Landlord Representation
Seller/Landlord Representation is a service in which PAR provides property listing and marketing services to assist the Seller or Landlord in achieving the pre-define goal to initiate a lease on the property or to transact a sale. The PAR agent acts diligently and professionally to maintain the Seller/Landlord's best interest in effectuating any property lease or sale. A marketing package is prepared for all listings, inclusive of a site plan, floor plans, zoning information, permitted use information, and utility location(s). The marketing material is distributed to end users, leading commercial real estate companies, and is posted within national commercial lease/sale databases.
Buyer/Tenant Representation
Buyer/Tenant Representation is a service similar to Site Selection whereby the PAR agent works directly with the client to determine specific property or facility requirements, locate suitable property, and assist the Buyer/Tenant in negotiating a contract or lease. Our agents utilize a variety of resources, including proprietary databases, Geographical Information Systems (GIS), and intensive field research to locate the best solution for the client. Additionally, in an effort to enhance the selection process, we work to obtain and decipher demographic data, traffic counts, and prior sales/leases for the target area.
Market & Feasibility Studies
The delineation and investigation of a particular market to determine optimal use and the analysis of a specific use within a market to determine feasibility. PAR will study a market and analyze existing and future supply and demand factors to determine potential uses within a market. Moreover, PAR will analyze a proposed or existing use within a market to determine that it will meet specific investment criteria. PAR has completed multiple feasibility studies in 27 states.
Ad Valorem Tax Appeal
An analysis of tax assessment methodology and comparable tax assessments to advocate the client's position for the purpose of tax relief. This service is typically conducted on a contingent fee basis, whereby compensation is a percentage of future tax savings. An appraisal of the subject property can be made part of the assignment provided the fee for the appraisal is not contingent upon the outcome of the appeal. This service is provided on a local basis.
Investment Analysis
Deals with a broad range of custom-tailored analyses designed to meet the client's objectives. Examples include combining site inspections and loan file review to create a Derived Investment Value "DIV" report(s) for an individual or a portfolio of properties or loan(s). Although market information may be gathered as part of the assignment, the client is ultimately responsible for the selection of the investment assumptions. Depending upon the scope of the assignment, this service can be provided on a national basis.
Highest & Best Use Studies
Is an analysis to determine the 1) legally permissible, 2) physically possible, 3) financially feasible, and 4) maximally productive use for which a site or property could be utilized. For raw land, highest and best use analysis could propose subdivision or development with a specific use. For improved property, a highest and best use study could reveal renovation, conversion, or redevelopment as the maximally productive use. PAR provides this service on a local basis.
Multifamily Due Diligence
Involves an analysis of multi-family property to be acquired, sold, developed, or rehabilitated. The scope of services may include an analysis of competitive position, design, marketability, cash flow, operations, and sources and uses of funds. The principals of PAR have completed over 92 of these assignments in 25 states.
Site/Property Inspections
Generally limited physical and market observations generated via an inspection of the property and interviews with area professionals. Site inspections are preferred when the goal of the client is for a cursory overview of an asset and where valuation is not at the forefront. Inspections return observations with regard to subject occupancy, deferred maintenance, market supply and demand, and typical leasing terms. We have completed numerous site inspections across the eastern half of the United States.
Cash Flow Forecasting/Analysis
Tests the reasonableness of income and expense assumptions used to develop stabilized or multi-year operating proforma income statements. Comparable market information is researched to determine reasonable market rent, vacancy, and expense figures. Computer programs and sensitivity analysis aid in forecasting income and expense growth. Depending on inspection requirements, this service is provided on a national basis.
Lease Modeling
Typically involves financial programs such as Argus or Pro-ject to model actual terms contained in the lease with regard to the timing of contract rent, overage rent, rent escalations, and operating expenses reimbursements. Market information is used to determine reasonable re-leasing and expense assumptions. Depending on inspection requirements, this service is provided on a national basis