Fulfilling Real Estate Investment Goals
If
commercial real estate investment is something you’ve been considering as a
part of your financial objectives, there are a few key factors to keep in mind
for this type of investment. Start by defining your goals and establishing your
budget. In the case of Randy Carver of Apptuation LLC, he knew what he was
looking for, “a warehouse with some office space that was located close to Mentor at an excellent
price.” Carver needed a space with
warehouse storage that he could use for his own purposes as well as offices
that he could rent out for income. Carver had a maximum budget for this
investment of $300,000.
Next, be
sure to work with a reputable Realtor and develop a good working relationship.
Based on previous successful transactions, Carver called Rick Ferris, President
of Sequoia Realty Corp. in Mentor,
to tell him what he was looking for. Having
worked with Carver in the past, Ferris said “I was able to anticipate the needs
of a previous client and offer him a property that suited his business goals.”
Ferris had a property in mind at 7116
Industrial Park Boulevard in Mentor in which he was representing the
seller, R.L. Holliday Co. Inc.
Before even
officially listing the property at 7116
Industrial Park Boulevard, Ferris had it shown and
sold in just two weeks time, and only a few additional weeks after that until
the closing. Per Carver, “Rick was
willing to present any offer that I made and was very responsive.” This type of
trusting relationship among all parties led to a quick transaction. In the end,
R.L. Holliday Co. Inc. sold the property at 7116 Industrial Park Boulevard to Randy
Carver of Apptuation LLC for $140,000. Ferris concluded, “developing good
working relationships and knowing the goals of my clients helps to ensure a
quicker process. It’s a winning situation for all.”
Photo of 7116 Industrial Park Blvd., Mentor, OH
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Sequoia Realty Corp., based in Mentor,
Ohio, has been serving commercial Real Estate
needs in Northeast Ohio for over 25 years.
Sequoia Realty uses a team approach in conducting daily business enabling
better service to its clients. For
information, please contact Rick Ferris, President, Sequoia Realty Corp.,
440.946.8600 or rick@sequoiarealty.com.
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