What's the first step for leasing a warehouse or office?
You should understand your needs, such as warehouse size, locations, ceiling height or budget...etc., so the CUPS' agent can efficiently provide you an ideal warehouse list.
What're the most common types of leasing warehouses?
Industrial Gross(IG) : The rent include property tax and insurance; however, it always depends on contract. Normally, tenants have to pay common area charges(CAM fee), electricity and utility.
Triple Net(NNN) : Tenants pay = base rent + property tax and insurance + CAM fee.
Modified Gross(MG) : It's the mix of two types above, and it's most convenient way to both landlord and tenant. All the fee and responsibilities will based on the negotiation between tenant and landlord.
What's the process for leasing warehouses?
Understand your needs ---- Contact CUPS ---- Get Quote from CUPS ---- Tour with Our Agents ---- Make Offer ---- Sign Contract
What documents you should prepare for leasing warehouses?
Normally, at least Two-year Tax Return, latest Three-month Bank Statement, Year to Date Profit & Loss and Year to Date Balance Sheet are the most common documents required by landlord.
How are rents adjusted annually?
Depending on landlord, the rent is adjusted annually approximately 3%-5%. CUPS Realty will always help you negotiate with landlord.
Do the warehouse have abate rate?
Abate Rate is depend on the demand in the market. When the demand is increased, abate rate will be shorter. Normally, three-year lease would have one-month abate rate and five-year lease would have one-month abate rate.
How much the deposit is when leasing warehouses ?
The deposit of leasing warehouse is depend on your financial statement. Usually, landlord will require six-month deposit for a new company.
What's the requirements about insurance for leasing warehouses?
Liability Insurance is the most common and fundamental insurance requirement from landlords .
What do you need to prepare if you want to purchase a real estate property in the U.S.?
You will need to provide proof of downpayment and pre-approval letter from your mortgage lender to your real estate agent. If you pay in cash, you should provide proof of downpayment to show that enough fund to buy.
For a traditional commercial mortgage, the minimum down payment varies are between 15% to 35% of the overall purchase price but it depends on the lender. With SBA 7(a) and CDC/SBA 504 loans, the range is more standardized, falling between 10% and 15% of the purchase price.
What is minimum down payment on commercial property?
What is considered as commercial property?
office/ office building, multifamily above 5 units , hotel, retail/ plaza, industrial building/ warehouse, special purpose buildings.
Why choose CUPS Realty?
CUPS will assist you during entire process to solve any problems you faced and directly help you negotiate with landlord. Additionally, we provide customer services after move-in warehouse to our clients.
What advantages CUPS Realty possess?
CUPS has strong knowledge and experiences in third-party logistic(3PL), so we deeply understand requirements and expectation from our clients when they're looking for warehouses. We not only provide real estate services but also serve additional assistances, such as liquidation products solutions, professional specialist referral and business advertising. In other words, we cover all your needs when you plan to expand your business in the U.S.