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Investtucson, Both Buyer and Seller in Tucson, AZ

Executive suites or whole building ?

Asked by Investtucson, Tucson, AZ Wed Mar 27, 2013

I own a small office building, it contains seven good size offices, big conference room, reception area. Would it be better to rent the whole building ? or rent each office as an executive suite ?

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Great question. I recommend calling Gary Best with Keller Williams 520-444-0799 as he is one of the best I know in commercial RE.
0 votes Thank Flag Link Wed Mar 27, 2013
Good question, I would contact a Commercial Broker for recommends, I can recommend Mike Hammod at Picor here in Tucson, AZ.

Best of luck,

Spirit


Spirit Messingham, PLLC
3rd Generation Full-Time Realtor®
Tierra Antigua Realty
Direct (520) 471-6900
Fax (866) 365-5208
SpiritRealty@cox.net
http://www.TierraAntigua.com
0 votes Thank Flag Link Wed Mar 27, 2013
My first thought would be to rent the entire suite to ensure the whole office is fully leased and to minimize expenses as the landlord. It is a lot more risky to partion the building but could lead to greater returns and more risk.
0 votes Thank Flag Link Wed Mar 27, 2013
I recommend rent each office as individual, and some expanding companies may rent more than one, although it may take more time than you wish to spend, but the returns are potentially greater.

Thank you,
Evan Harris
Experienced REALTOR
For a FREE Home Buyer's Guide go to http://goo.gl/232cm
Coldwell Banker Residential Brokerage
11165 N. La Canada Dr., Ste.175
Oro Valley, AZ 85737
evancharris@comcast.net
520-481-2580-direct
0 votes Thank Flag Link Wed Mar 27, 2013
If you have one Tenant, most likely your communications costs will be lower, than having several Tenants. Lots of unknowns in order to give you a more definitive answer.
Web Reference: http://www.talktosteffy.com
0 votes Thank Flag Link Wed Mar 27, 2013
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