Your Trusted Houston Commercial Real Estate Brokerage
Viking Enterprise LLC is part of eXp Commercial, an agent-led, cloud-based commercial real estate brokerage with agents across the globe.
Your Trusted Katy / Fulshear & Houston Commercial Real Estate Brokerage
Viking Enterprise LLC is part of eXp Commercial, an agent-led, cloud-based commercial real estate brokerage with agents across the globe.
eXp Commercial - Viking Enterprise Team's real estate network provides unparalleled commercial real estate services to Tenants and Landlords around the Katy- Houston area. Our knowledge, experience, and reputation sets us apart from many firms.
A commercial property owner might have various plans that would necessitate the services of a commercial real estate broker. Some of the common scenarios include:
1. Selling the Property: If the owner decides it’s time to sell the property, a commercial real estate broker can help determine the market value, market the property effectively, and negotiate with potential buyers to get the best possible price.
2. Leasing Space: For property owners looking to lease out part or all of their commercial space, a broker can help find suitable tenants, negotiate lease terms, and ensure the lease agreements meet all legal requirements and serve the owner’s best interests.
3. Acquiring More Properties: Owners looking to expand their portfolio would benefit from a broker's knowledge of the market, access to listings, and negotiation skills to secure additional properties at favorable terms.
4. Property Management: While not all brokers offer this service, some commercial real estate brokers or their affiliates offer property management services. This can be particularly appealing for owners who prefer a hands-off approach or are managing properties from a distance.
5. Market Analysis: Owners considering future developments, renovations, or rebranding of their property might engage a broker for a comprehensive market analysis. This helps in understanding current market trends, the demand for different types of spaces, and potential returns on investment for various strategies.
6. Refinancing: In situations where a property owner is looking to refinance their property, a commercial real estate broker can provide valuable insights into the property’s current market value, assist in gathering necessary documentation, and even help in finding the best financing options.
7. Partnership or Investment Opportunities: Owners interested in exploring partnerships, joint ventures, or seeking investors for expansion or development projects might use a broker to find and vet potential partners or investors.
8. Consulting on Zoning and Use Changes: When contemplating a change in the use of the property or dealing with zoning issues, a broker with experience in local regulations and the specific property type can provide guidance and strategic planning assistance.
9. Exit Strategy Planning: For owners looking to plan an exit strategy from their investment, whether it’s through a strategic sale or a gradual winding down of operations, brokers can provide market insights, timing advice, and valuation services to optimize the exit process.
In any of these scenarios, the expertise and services provided by a commercial real estate broker can save the property owner time and money, while also providing access to a wider network of potential buyers, tenants, and industry professionals. Give us a call today!
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⚖️ What Is a Phase I Environmental Report? 🏗️ CRE Investors Must Know This!
🏢 Phase I ESA Explained: Protect Your Commercial Real Estate Investment ⚠️
If you're buying, selling, or financing commercial real estate, chances are you’ve heard of a Phase I Environmental Site Assessment (ESA). But what is it—and why does it matter?
Whether you're a developer looking at raw land or a business owner purchasing an industrial building, a Phase I report is more than just a checkbox. It could save you hundreds of thousands of dollars in potential environmental liabilities.
A Phase I Environmental Site Assessment is a standardized report that identifies potential or existing environmental contamination liabilities. It's governed by the ASTM E1527 standard and often required by banks, SBA lenders, and investors before closing a deal.
Phase I ESAs do not involve soil or groundwater testing. Instead, they focus on:
· Historical property records
· Aerial photos and land use maps
· Regulatory database reviews
· Interviews with owners or tenants
· A physical site inspection
If anything concerning is discovered—like a history of gas station use or chemical storage—the report may recommend a Phase II ESA for sampling and testing.
1. Lender Requirement:
Most lenders won’t finance commercial property without a clean Phase I. It protects them—and you—from future cleanup costs.
2. Liability Protection:
Under CERCLA (Comprehensive Environmental Response, Compensation, and Liability Act), buyers can be held responsible for environmental issues—even if they didn’t cause them. A Phase I, if properly done, provides a legal shield known as “Innocent Landowner Defense.”
3. Deal Negotiation Power:
If contamination is found, you may use it as leverage to renegotiate price or require the seller to remediate.
· Commercial property purchases (especially with financing)
· SBA 7(a) or 504 loans
· Industrial, medical, or gas station sites
· Land previously used for agriculture, manufacturing, or automotive purposes
· Redevelopment projects
· Typical cost: $1,800–$3,000+
· Turnaround time: 2–4 weeks
· Who pays for it? Usually the buyer, but it’s negotiable in contract
If you're investing in commercial real estate, don’t skip the Phase I ESA. It’s a small price to pay for major peace of mind—and often the key to unlocking financing.
At Viking Enterprise Team, we help business owners, investors, and developers navigate the due diligence process and connect them with reputable environmental consultants and SBA/CRE lenders.
🧭 Need help getting started? Let’s talk.
https://www.houstonrealestatebrokerage.com/houston-cre-navigator
https://www.commercialexchange.com/agent/653bf5593e3a3e1dcec275a6
http://expressoffers.com/[email protected]
https://app.bullpenre.com/profile/1742476177701x437444415125976000
https://author.billrapponline.com/
https://www.amazon.com/dp/B0F32Z5BH2
https://veed.cello.so/FOmzTty6oi9
© 2023-2024 Bill Rapp, Broker Associate, eXp Commercial Viking Enterprise Team
eXp Commercial - Viking Enterprise team real estate network provides unparalleled commercial real estate services to Tenants and Landlords around the greater Katy & Houston MSA area. Our knowledge, experience, and reputation sets us apart from many firms.
A commercial property owner might have various plans that would necessitate the services of a commercial real estate broker. Some of the common scenarios include:
1. Selling the Property: If the owner decides it’s time to sell the property, a commercial real estate broker can help determine the market value, market the property effectively, and negotiate with potential buyers to get the best possible price.
2. Leasing Space: For property owners looking to lease out part or all of their commercial space, a broker can help find suitable tenants, negotiate lease terms, and ensure the lease agreements meet all legal requirements and serve the owner’s best interests.
3. Acquiring More Properties: Owners looking to expand their portfolio would benefit from a broker's knowledge of the market, access to listings, and negotiation skills to secure additional properties at favorable terms.
4. Property Management: While not all brokers offer this service, some commercial real estate brokers or their affiliates offer property management services. This can be particularly appealing for owners who prefer a hands-off approach or are managing properties from a distance.
5. Market Analysis: Owners considering future developments, renovations, or rebranding of their property might engage a broker for a comprehensive market analysis. This helps in understanding current market trends, the demand for different types of spaces, and potential returns on investment for various strategies.
6. Refinancing: In situations where a property owner is looking to refinance their property, a commercial real estate broker can provide valuable insights into the property’s current market value, assist in gathering necessary documentation, and even help in finding the best financing options.
7. Partnership or Investment Opportunities: Owners interested in exploring partnerships, joint ventures, or seeking investors for expansion or development projects might use a broker to find and vet potential partners or investors.
8. Consulting on Zoning and Use Changes: When contemplating a change in the use of the property or dealing with zoning issues, a broker with experience in local regulations and the specific property type can provide guidance and strategic planning assistance.
9. Exit Strategy Planning: For owners looking to plan an exit strategy from their investment, whether it’s through a strategic sale or a gradual winding down of operations, brokers can provide market insights, timing advice, and valuation services to optimize the exit process.
In any of these scenarios, the expertise and services provided by a commercial real estate broker can save the property owner time and money, while also providing access to a wider network of potential buyers, tenants, and industry professionals. Give us a call today!
Let us help your business succeed.
⚖️ What Is a Phase I Environmental Report? 🏗️ CRE Investors Must Know This!
🏢 Phase I ESA Explained: Protect Your Commercial Real Estate Investment ⚠️
If you're buying, selling, or financing commercial real estate, chances are you’ve heard of a Phase I Environmental Site Assessment (ESA). But what is it—and why does it matter?
Whether you're a developer looking at raw land or a business owner purchasing an industrial building, a Phase I report is more than just a checkbox. It could save you hundreds of thousands of dollars in potential environmental liabilities.
A Phase I Environmental Site Assessment is a standardized report that identifies potential or existing environmental contamination liabilities. It's governed by the ASTM E1527 standard and often required by banks, SBA lenders, and investors before closing a deal.
Phase I ESAs do not involve soil or groundwater testing. Instead, they focus on:
· Historical property records
· Aerial photos and land use maps
· Regulatory database reviews
· Interviews with owners or tenants
· A physical site inspection
If anything concerning is discovered—like a history of gas station use or chemical storage—the report may recommend a Phase II ESA for sampling and testing.
1. Lender Requirement:
Most lenders won’t finance commercial property without a clean Phase I. It protects them—and you—from future cleanup costs.
2. Liability Protection:
Under CERCLA (Comprehensive Environmental Response, Compensation, and Liability Act), buyers can be held responsible for environmental issues—even if they didn’t cause them. A Phase I, if properly done, provides a legal shield known as “Innocent Landowner Defense.”
3. Deal Negotiation Power:
If contamination is found, you may use it as leverage to renegotiate price or require the seller to remediate.
· Commercial property purchases (especially with financing)
· SBA 7(a) or 504 loans
· Industrial, medical, or gas station sites
· Land previously used for agriculture, manufacturing, or automotive purposes
· Redevelopment projects
· Typical cost: $1,800–$3,000+
· Turnaround time: 2–4 weeks
· Who pays for it? Usually the buyer, but it’s negotiable in contract
If you're investing in commercial real estate, don’t skip the Phase I ESA. It’s a small price to pay for major peace of mind—and often the key to unlocking financing.
At Viking Enterprise Team, we help business owners, investors, and developers navigate the due diligence process and connect them with reputable environmental consultants and SBA/CRE lenders.
🧭 Need help getting started? Let’s talk.
https://www.houstonrealestatebrokerage.com/houston-cre-navigator
https://www.commercialexchange.com/agent/653bf5593e3a3e1dcec275a6
http://expressoffers.com/[email protected]
https://app.bullpenre.com/profile/1742476177701x437444415125976000
https://author.billrapponline.com/
https://www.amazon.com/dp/B0F32Z5BH2
https://veed.cello.so/FOmzTty6oi9
© 2023-2024 Bill Rapp, Broker Associate, eXp Commercial Viking Enterprise Team
Let us help your business succeed.
9600 Great Hills Trail, Suite 150w Austin, TX 78759 |
855.450.0324 xx255
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Information About Brokerage Services eXp Commercial LLC #9010212
Viking Enterprise LLC #9009614
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