Commercial Real Estate
As a valued added service, our professionals can assist sellers with the sale of their business and associated commercial real estate. HBA offers licensed real estate agents who are experienced with diverse types of commercial real estate including small lots, acreage, buildings and shopping centers. Whether it’s a small or large property, we will evaluate the comparable sales near the subject property and come up with a market analysis. In addition, the professionals of HBA work with 3rd party certified real estate appraisers when a formal report is required for lenders and financing.
If the real estate is not owned, our professionals can assist with the transfer of an existing lease or negotiation of a new lease. Alternatively, if a buyer does not want to buy the real estate, we can facilitate the drafting of a new lease in conjunction with each party’s attorneys or counselors. A typical agreement involves a triple net lease (triple-Net or NNN) where the tenant or lessee agrees to pay all the real estate taxes, building insurance, and maintenance (the three “nets”) on the property in addition to any normal fees that are expected under the agreement (rent, utilities, etc.).
In either case, HBA will coordinate the closing process for the sale of the business and/or real estate for a seamless transition.