Waad Nadhir - Determining the Quality of a Commercial Real Estate Property
Waad Nadhir has evaluated many commercial real estate properties during his long career in the real estate industry.
Banks take risks by lending the money for properties that they do not operate themselves. This is why they have a set of criteria they use when determining whether a property is worth their investment.
First, a bank would check the property’s history. The bank wants to see a property that has been performing well and has been generating a sufficient income. This serves as a good indication of the risks associated with the investment.
Below are some of the most important areas that lenders pay attention to.
Physical condition of the property
The banks are in the business of lending money, not in the business of managing or fixing real estate. They will estimate the property according to its present condition.
Quality of leases
To determine the quality of leases banks, look at factors such as lease termination options, renewal conditions, lease length, rent increase options and the type of a lease
Quality of tenants
Banks look at commercial tenants in terms of financial strength and business history. They prefer to deal with established corporations that have been in business for a long time and have a solid reputation.
Historical performance data
Before investing in a property, banks want to see how the property performed in the past. Usually, a bank wants to see at least a year of income on the property. Experts like Waad Nadhir have witnesses scenarios in which buildings have been sitting on the market for a long time and this led to their values going down significantly.
Waad Nadhir - How to Negotiate Commercial Real Estate Leases
Waad Nadhir has negotiated multiple commercial real estate leases since he created BOSC Realty Advisors in 1989.
Leases play a critically important role in commercial real estate. A commercial property may be considered to be worth almost nothing if it has been sitting on the market for a long time. This is why in commercial real estate you need negotiation skills not just when buying or selling real estate, but also when finding tenants and negotiating lease terms with them.
When negotiating commercial leases try to avoid bargaining based on rental price. Always do your best to establish this amount as being non-negotiable. Negotiate about other factors and parameters such as the number of parking spots, the ability to use storage facilities, your willingness to do some maintenance on the property, rights of renewal and so on.
In every negotiation stay calm and think long-term. Your goal is not to argue, but to find a solution that is acceptable to every party in the negotiation.
Painting the interior may cost you as much as the rental income for a few months, but it is beneficial to you from a number of perspectives. First, not lowering the price of a rental establishes a baseline for other parts of the property or properties in the development. Secondly, any future negotiations about rent increases will be based on the higher rent. Thirdly, your property will get a higher value appraisal if it has a tenant who is paying a higher rent. During the appraisal, nobody will care about how much you paid to paint the walls and what experience you brought to renovating the property, even if you have been in the real estate as long as Waad Nadhir has, but a lease with higher rental numbers will be crucial.
Waad Nadhir - What You Need to Know About Retail Property Leases
Waad Nadhir is a commercial real estate investor who has negotiated multiple commercial leases during his career in real estate.
A lease is a crucial factor when it comes to retail real estate. Presence or absence of a tenant can have a significant impact on the price of a retail property.
Suppose you own a residential property and can’t find a tenant. You can fix this problem very quickly by simply lowering the price. No matter where your residential property is located, if the price is small enough, you will find people who will be willing to live in an apartment or home because it’s cheap even when they have a long commute, need deal with noise, pollution and so on.
This is not the case with commercial real estate. A retailer usually needs a space that fits a rather extensive checklist. For example, if a property is located on an undesirable street, the business will have no customers and the tenant is not going to be interested in leasing the space even if the price is very attractive.
Your tenants will derive their income from the retail location. This means that they want the location to be in perfect shape all the time. When something breaks, they need it to be fixed quickly, because they may be losing customers. This is why retail leases are usually long and retail tenants are willing to pay for maintenance expenses. They do not want to wait for you or your property manager to fix things. They want to use their contractors on their terms.
Another reason why a retailer may want a longer lease is if he or she is considering selling the business at some point in the future. Most retail locations have significant numbers of customers who live nearby. Buying a retail business that has a short amount of time left on a lease is very risky because if the business needs to relocate after the lease is over, it will probably lose a lot of customers.
There are three main types of leases that you need to know about when dealing with retail properties.
A gross lease is a lease in which the landlord pays all the operating expenses such as taxes, insurance, security, management and so on.
Modified gross lease is a lease in which the tenant pays some of the operating expenses. These expenses are called pass-through expenses because the landlord passes them onto the tenant.
Net lease is a lease in which the tenant pays operating expenses on the property. Net leases are very popular in retail commercial real estate, the field in which where Waad Nadhir has been working for decades, because they allow the tenants to fix the property in the way they see fit and the landlord isn’t responsible for any operational expenses.
Waad Nadhir - How to Analyze Commercial Real Estate Deals
Since co-founding BOSC Realty Advisors in 1989, Waad Nadhir has participated dozens of deals across the United States. A commercial building may have multiple titles with different plot rations and various encumbrances. It may have a number of leasable premises with some of them occupied and some of them vacant. Some of the occupied premises may have month-to-month tenants while others can have long-term leases. Different tenants may have different lease terms and so on.
All of the above are the reasons why you need to conduct due diligence on commercial real estate. In practical terms, due diligence means finding enough about a property to guarantee that it’s a good deal. Usually, due diligence includes a review of all financial records on the property and of anything else relevant to the investing decision.
Making sure that the seller of a commercial property is its owner is the first step in performing due diligence.
Sellers can also perform due diligence on buyers. The main objective here is to make sure that the buyer is able to complete the purchase. If you are a seller, the last thing you want is to accept an offer and let other interested parties go away to only have the offer not go through.
Generally speaking, due diligence consists of two categories of information. The first one includes subjective items that cannot be quantified such as street appeal, good highway access, being close to airports, restaurants and other places of interest or demographics of the foot traffic, which is very important to retail locations. This category also includes parameters that can be quantified, but it’s not clear what to do with them. For example, you can count the numbers of cars and pedestrians that pass by the property on the daily basis, but making conclusions based on this information can be very risky.
Fortunately, the marketplace takes care of most of the items from the category above by automatically incorporating them into rental prices and capitalization rates in effect for a particular geographic area. For example, buildings with easy highway access, located in busy shopping plazas with restaurants and other businesses, and fast Internet options usually have higher rental price tags than comparable properties without similar features.
It is also important to remember that the value of certain features may increase or diminish over time. For example, as more goods are distributed by air than by sea, the value of being close to a seaport goes down while the price of a warehouse located next to an airport may go up. This is why it is always smart to know about the trends in your particular area even if you can’t plug them into a calculator at the time of a deal.
The second category of due diligence information includes all the facts and features about the property such as inside and outside square footage, total land area, property taxes and so on. These numbers are usually fairly easy to obtain once you know what you are looking for, especially if you are a real estate expert like Waad Nadhir.
Waad Nadhir - Three Tips for Commercial Real Estate Developers in the Field
Waad Nadhir is a commercial real estate developer who has been working successfully in the field for several years. He is currently serving as the Co-Founder and President of BOSC Realty Advisors, which is a company that acquires and develops commercial properties. Developing commercial real estate is a process to say the least. Here are three tips commercial real estate developers should know.
Be patient when it comes to commercial real estate. This means taking the time to make the right decision, and it could mean holding off on the development of a property until it becomes more financially sound. Some properties will be worth more in the future, which means waiting to develop could be the right choice for you; this is a common practice in the industry.
Find the perfect location. Commercial real estate is all about location because the more foot traffic you have, the more successful your property investment will be. Try to look for properties in areas that are on the rise in terms of overall development and community growth; this should result in cheaper rates for you in the present, and hire rates for potential buyers in the future as your location increases in value.
Think about the clientele you’ll be catering to through your property or business. You need a property that is conducive to the services you’ll be providing customers. Surround yourself with other businesses that work well with your own, and get to know the people who will be benefiting the most from your service.
Waad Nadhir understands what it takes to develop commercial real estate, and he achieves his goals.
Waad Nadhir - Things to Consider When Growing Your Business
Waad Nadhir is an entrepreneur who has experience starting, operating, and growing businesses in order to be successful. He is currently the President and Co-Founder of BOSC Realty Advisors, which specializes in acquiring and developing commercial properties. Growing a business can be a major decision for company owners, but here are some things to consider that could make it easier.
When you’re growing your business, you need to focus on the customer. Customer needs change and develop overtime, which means that in order to be successful, you have to anticipate these changes in interest. Company owners who can anticipate the changes in what a customer expects are able to grow their businesses while adapting.
In addition to thinking about the customer, you also need to think about expansion. Expanding your business and adding locations is the definition of growth, and it’s a sure sign to customers that your business is on the rise. This can be expensive, but if your business is successful and you take into consideration the financial risks and location, it will work in your favor.
Business owners also need to be innovative if they expect to truly grow. In order to be successful well into the future, you need to figure out ways to satisfy your customers that will change the way the industry operates. These innovations will grow your client base and your company as a whole.
Waad Nadhir works hard in order to be innovative, to expand his businesses to new locations, and to anticipate the changes in customer needs. He has successfully grown and sold many of the companies he’s founded throughout his career.
Waad Nadhir - Useful Tips for Commercial Real Estate Developers
Waad Nadhir has been working in commercial real estate for several years, and he understand what it takes to develop properties the right way. He is currently serving as the President and Co-Founder of BOSC Realty Advisors, and he also offers consulting services for Steadfast Companies. Here are some useful tips for commercial real estate developers working in the field.
Location is always the most important factor, especially when it comes to commercial real estate. When acquiring commercial real estate, you have to factor in location along with everything else. Successful businesses are successful because they took the time to find the right location that would get a decent amount of foot traffic in an area conducive to their services. Pick a location in a community on the rise in regards to development.
Develop a useful strategy that will help you get the most for your money. This could mean that you will need to start your own business on your property in order to avoid paying rent. Owning your property will cut down on costs, and help you earn the money you need. It could also mean that you need to be patient and wait to develop your property until it’s more financially sound.
Know that continuous improvements are essential. You need to be ready to improve your property when the time comes in order to cater to the changing needs of your clientele. The BOSC group has made two renovations on the Brea Plaza Center since they bought it in 1992.
Waad Nadhir understands that finding the right location, developing a strategy, and improving your properties are essential.
Waad Nadhir - Developing a Successful Strategy for Commercial Real Estate Properties
Waad Nadhir is an entrepreneur and commercial real estate developer. He is currently serving as the President and Co-Founder of BOSC Realty Advisors, which specializes in acquiring and developing commercial real estate. He is committed to his career, and he understands how to develop a strategy for commercial real estate success. Here are a few strategy tips for professionals.
When you’re developing a strategy for commercial real estate properties, don’t forget to review all the risks. Just like any other investment, you have to weigh the risks of getting involved in a project against the potential returns. Don’t lease or purchase a property you think requires too much work to make manageable; the point is to make money in the long run.
Owning the property can be a useful strategy for making more from your real estate investments. When you own a property, you’ll be spending less money in the long run than if you were to lease. Leasing requires regular payments every month that will eventually add up to be more than the cost of purchasing the property in the first place. This is worth serious consideration, especially if you have a mind for business.
Always be patient when developing or acquiring commercial real estate. Sometimes property can be more valuable in the future than it is in the present, which means you should wait to develop until it’s the right time financially. Do your research to see if this is the case for any of your own properties.
Waad Nadhir understands how a solid strategy can make all the difference in the commercial real estate business.
Waad Nadhir - Tips for the Commercial Real Estate Developer
Waad Nadhir is a successful real estate professional who has been developing commercial property for several years. He is currently serving as the President and Co-Founder of BOSC Realty Advisors, which is a company he helped build beginning in 1989. He is also a Consultant for Steadfast Companies, and he can provide tips for other professionals in the real estate industry.
When developing commercial real estate, focus on location. Location is everything in real estate, but even more so with commercial real estate specifically. If you’re looking to develop a commercial real estate space, try to pick a place in a community poised for residential growth, and near a spot that will get a great deal of foot traffic. Although this could drive up the price, you’ll have an easier time turning a profit.
You also need to focus on a strategy for your property. In the industry, a strategy that is often used is referred to as buying and holding. This means that instead of buying property and developing the space immediately, you wait to develop until the property becomes more lucrative. Some research and a little patience could pay off greatly in the long run.
Consider the stores and tenants around the property or location. The stores and business owners surrounding the location should complement your new business’s products or services. In other words, don’t put your business in a space where all the other businesses are catering to an entirely different demographic.
Waad Nadhir understands what it takes to be a successful commercial real estate developer, and he has helped other professionals as a consultant as well.
Waad Nadhir - Things to Keep in Mind When Working in Commercial Real Estate
Waad Nadhir is a commercial real estate developer and professional who has been working in the industry for a number of years. He is the current President and Co-Founder of BOSC Realty Advisors, which is a company that specializes in developing commercial real estate throughout the country. Here are some useful tips for working in the industry.
First, make sure you consider the location. This is the most important part of developing commercial real estate because your location influences everything. Pick a location in a community that is currently on the rise in terms of development as a whole, as well as an increase in residential activity. This will ensure that you get some heavy foot traffic near your property, and you’ll have other new businesses that can support the local economy.
Second, develop a strategy that will ensure you get the most out of your property. This could mean that you need to start your own business on your property to avoid paying a portion of the rent. It could also mean that you need to hold the property, which means that you need to wait to develop your property until it becomes more profitable.
Third, always be willing to make continuous improvements on your property. Consumer wants and needs change on a constant basis, which means that you may need to make improvements or adapt your property in order to keep up with the consumer. The BOSC group has made two renovations on the Brea Plaza Center since it was acquired in 1992.
Waad Nadhir understands what it takes to be successful in commercial real estate.
Waad Nadhir - What to Consider When Developing Commercial Real Estate
Waad Nadhir is a commercial real estate developer who has been working for several years in the field. He is the current President and Co-Founder of BOSC Realty Advisors, and a Consultant for Steadfast Companies. Developing commercial real estate is his specialty, and he knows how to get the most out of the properties his company controls. Here are some things to consider in the field.
The first thing you want to consider when working in commercial real estate is location. Location is everything when it comes to making your property profitable. You want to make a space that is conducive to business owners, which means plenty of foot traffic and a healthy community environment. Communities with regular growth are a good place to start looking.
The next thing you should consider when developing commercial real estate is a strategy. Sometimes immediately developing on a property isn’t as profitable as it would be later down the road. This is called buying and holding in the industry, and it’s a good strategy to learn if you’re starting to get into the field on a more regular basis.
Successful commercial real estate developers also work continuously to improve their space. BOSC Realty Advisors has redeveloped Brea Plaza, a property they have owned since 1992, two times since its purchase. They have also redeveloped Topinka’s Plaza three times since it was built in 1991.
Waad Nadhir is a dedicated professional in the world of commercial real estate, and he has helped grow BOSC Realty Advisors since its founding in 1989. He hopes to continue his career for the foreseeable future.
Waad Nadhir — Strategy Tips for Making Money in Retail Properties
Waad Nadhir is a successful commercial real estate developer with years of experience in the field. He is the current Co-Founder and President of BOSC Realty Advisors, and he is also a Consultant for Steadfast Companies. Making money in retail properties and commercial real estate can be difficult, and it takes some strategy. Here are some strategy tips for making money in the field.
Make sure you consider all the risks in a given project. Buying property for retail development is the same as making an investment; make sure you consider the risks in such an investment, and figure out if the possible rewards will be worth it. A property is only worth investing in and developing if you know you’ll be able to make it profitable in the long run.
Own and operate the property itself instead of leasing it out. If you have a good business idea, you can operate your own store on your property in order to avoid paying a portion of your profits in rent. Sometimes making the property your own can be the best way in turning a profit on the property itself. This is definitely something to consider if you have a knack for business.
Be patient when working in retail properties or commercial real estate. Sometimes the property you’ve invested in may not be as profitable now as it will be in the future. If this is the case, hold the property and wait to develop it until it becomes a more lucrative option.
Waad Nadhir always discusses strategies with his clients when it comes to developing or purchasing commercial or retail real estate.
Waad Nadhir - Three Key Factors in Leasing any Retail Space
Waad Nadhir, President of BOSC Realty Advisors in Bloomfield Hills, Michigan, has leased many properties for several purposes in and around his community. He has also advised other developers and real estate owners throughout the United States on their own operations and projects. Nadhir has many years of experience in the real estate market. He knows what to consider before leasing any retail space. For example, he focuses on these three key factors:
The Trade Area. When paying for a lease to use for a retail store, your main concern should be whether or not the space will allow your business to be profitable. One of the main factors that contributes to profitability in brick-and-mortar retail stores is the milieu of other shops in the same area. Waad Nadhir has helped many new retail lessees find suitable locations with other businesses that carefully compliment their stores.
The size of the development. Is the surrounding neighborhood ready for another huge box store? Will the people living around it support it? Waad Nadhir helps his clients ensure that their new business space will fit in well with its surroundings.
Traffic. The best place for a new retail business is where it will get the most vehicular and/or foot traffic. This has to do with more than simple location in a busy area. The property has to be set up perfectly to attract and handle traffic.
Waad Nadhir has helped many developers put together excellent projects and allow for the expansion of business in several areas throughout the Western United States.
Waad Nadhir - Helping Property Developers Obtain Land Entitlements
Waad Nadhir recently took in Steadfast Companies as a client of his consulting business BOSC Realty Advisors. A veteran of property development himself as a leader for BOSC Group, he has experience leasing, financing, acquiring, and developing properties throughout the United States. Steadfast Companies has properties throughout the Western United States, including new senior housing developments in Southern California and two shopping malls in the Seattle area. Nadhir set to work helping his clients in Southern California get entitlement rights to their property so that they can build their senior housing centers there.
Gaining entitlements is a phrase used primarily by developers to describe gaining the permission from the municipality and the community they are working in to build the property they want. Waad Nadhir has worked closely with Steadfast Companies to obtain the correct zoning designations and the necessary community support for their new senior housing centers. Getting land entitlements is usually a lengthy process that requires skill, patience, and negotiating. Waad Nadhir knows that reaching out to community leaders is key in this process, but sometimes different community leaders want different things. Getting everyone to agree on land entitlement projects takes many meetings, negotiations, and settlements with the state and city government.
Waad Nadhir is an expert in negotiating for land entitlements, especially in California, where the laws governing land use are complex and sometimes difficult to navigate. He always offers his expert help to his clients and works hard to develop his own projects to meet with community approval.
Waad Nadhir on the Increasing Demand for Quality Senior Living Developments
Waad Nadhir is the President of BOSC Realty Advisors, which develops properties throughout Southeast Michigan and Southern California and consults with developers who need assistance or advice developing properties. One of his consulting clients is Steadfast Companies, which is at work developing properties for senior living in Southern California. Nadhir is happy to help this company provide communities with the facilities and spaces they need. Demand for senior housing facilities is on the rise in many areas throughout the United States.
Waad Nadhir and many developers like him are seeing a rise in demand for senior housing of all kinds in recent years because people are realizing the benefits of living in senior communities. Developers are responding to this demand by creating state-of-the-art facilities for seniors where they can get all of the medical services they need and still live in style in a vibrant community. As life expectancy rises in the United States and the world, more young people are putting their parents and grandparents in senior living apartments. This demand has instigated a boom in many places throughout the US in development for senior housing. Waad Nadhir has himself helped developers create these facilities in several areas.
Waad Nadhir was a small business owner before he became a property development expert. His experience in several retail markets makes him an expert in getting the most value out of all properties. With the rising demand for senior housing in many cities around the country, he made himself an expert on what kinds of properties are most attractive to developers trying to build senior living apartments and facilities.
Waad Nadhir - Hurdles to Further Urban Infill Development
Waad Nadhir is a real estate developer based in the Detroit suburb of Bloomfield Hills, Michigan. He graduated from Michigan State University with a Bachelor’s degree. He went to work immediately for Merrill Lynch as a financial broker. After a year he quit and went back to school. He graduated with an MBA from the University of San Diego and started his own business. Eventually, he found his way to the property development industry, especially in commercial development.
Waad Nadhir has been interested in urban infill development for many years for many reasons. He believes that it relieves urban blight by repurposing unused urban property for more useful ends. Waad Nadhir and urban developers and planners define infill development as the construction of new developments on empty lots and in empty buildings in urban areas. These developments have the potential to help the community and use prized urban space more efficiently. However, different members of the community often want different kinds of development. Some need more housing; others want more retail space. Community dissent is often the largest hurdle to urban infill development that developers usually deal with. Community interest is very important, of course, so these projects can often get bogged down.
Waad Nadhir oversees all asset and property management for three retail centers and three medical office buildings in his community near Detroit. He also works as a consultant for other property development companies managing projects throughout the United States.