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Commercial Real Estate Services
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
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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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