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Plat Commercial

We make commercial real estate more simple, accessible, and neighborhood friendly 🏠

04/09/2021

Happy Friday! There’s no better way to celebrate the beautiful city of Indy than with a photo of the grand Lucas Oil Stadium, home of the Indianapolis Colts.

Who is a Colts fan? Leave your favorite player in the comments below

📷:

04/07/2021

Locally acclaimed flower shop "The Flower Boys" will be opening at the 702-706 Lexington Ave space once the renovations are complete.

Ranging from wedding decor and arrangements to workshops, this business is passionate about serving beautiful, affordable blooms to our community!

Follow for all things floral!

04/05/2021

This 1,650 SF of leasable space includes an additional apartment for lease above! Slated to be open in July of this year, keep a close eye on this property.

Follow us for more in and beyond.

03/19/2021

Earlier this week, we shared some common leasing expenses, so now let’s look at buying. It costs significantly more to invest in buying and can depend on whether you’re redeveloping a space or buying as is.

Expect to budget for:

📌 Purchase-related expenses: (survey assessment, appraisal costs, etc.)
📌 Renovation expenses: (Construction costs, permit fees, etc.)

Have additional questions about buying commercial real estate? Our DMs are open!

03/17/2021

Commercial property costs can vary greatly, especially when it comes to leasing versus buying. While leasing affords more liquidity and flexibility, properly budgeting is still necessary.

Possible expenses include:
📌 Construction-related expenses (architecture and engineering fees, construction costs, etc.)
📌 Office space expenses (signage, furniture and finishes, equipment)

Good news: If you’re leasing, the broker fees are typically paid by the landlord.

If you have additional questions about leasing, send us a DM, we’re happy to help!

02/22/2021

Happy Monday! Today we wanted to spotlight a great initiative for small businesses in ! successfully matches young brands, established businesses, startups and artists, with prime vacant and under-utilized properties.

They result in pop-up stores, art installations and more! The program’s long-term goal is to eliminate empty storefronts, increase local and visitor consumer spending, and ensure that Marion Country neighborhoods continue thriving.

Go follow them for more information!

02/19/2021

Happy Friday! Here's a beautiful shot of downtown Indianapolis. Isn't this city great?

📷: (Follow them for more great photography!)

02/17/2021

Commercial real estate can seem foreign if you’re new to it! Here are some common setbacks:

📌 Reading Commercial Listings – A lot of commercial listings use industry-specific terminology or jargon, and they can be difficult to sort through without a base knowledge of commercial real estate.

📌 Lease Rates – It might be difficult to get a straight answer on how much something costs or what the lease rates are. The information is usually not black and white.

📌 Moving Parts – It can be a challenge to figure out what steps to take and in what order. Business plan, financing, construction, design, branding… and that’s not even the whole picture.

Take advantage of a commercial real estate broker as a trusted resource at no cost to you. Working with a broker will give you clarity, focus and step-by-step support.

If you have any questions, our DMs are open!

02/12/2021

First-time prospective brick and mortar business owners, you’re going to want to read this!

Officially having a commercial space is a monumental feat and it’s perfectly normal to have a mixture of emotions. To help make the process a more seamless experience, we have four helpful tips for you.

📌Solidify your business plan before you look for a space to figure out how much rent you can afford.

📌Engage a broker early on to allow ample time to find the space. The process can easily take 6 months to a year so we highly recommend having those conversations early.

📌Have a buyer and a sample of your business plan available to show landlords. Sharing this information with the landlord will show this as a viable option.

📌Be ready to provide and approve your financials (personal statement) in order to guarantee the lease as most landlords will want this.

Want to learn more about this process? Send us a DM and we’ll be happy to chat.

02/10/2021

Hey investors! Sound too good to be true?🤔 Let’s learn a little more about a section of tax law called the 1031 exchange.

Here’s an example:

Let’s say you owned a handful of residential investment properties and you’re tired of the maintenance and having to deal with tenants. You can sell those properties and under 1031 you can roll that money into a new investment WITHOUT having to pay capital gains tax.

To be clear, there are VERY strict guidelines that have to be followed and this has to be facilitated by a certified 1031 intermediary. But this is something your commercial broker can support you though by keeping track of the process and timelines!

Owning commercial property is more passive and may be more aligned with your business goals.

Have questions? Our DMs are open!

02/08/2021

There are so many ways a commercial real estate broker can make YOUR LIFE easier.

Your broker will:

☑ Ask the right questions to help you understand what you really need
☑ Thoroughly point out different factors you might not have considered
☑ Help arrange and coordinate a tour of the properties. You just show up!
☑ Negotiate on your behalf beyond just getting a great price, factoring in other factors like timing and length of lease

As a buyer or as a business looking to lease, there's no cost to you to have the support of a broker!

Your broker will make sure you’re getting the best and most aligned deal for your needs and advocate on your behalf so you don't have to deal with the back and forth with the landlord.

Have any questions about the process? DM us and we’re happy to help.

02/05/2021

Making the investment in is smart, and here’s why:

📌 More passive than residential real estate – Lease terms tend to be 5-15 years, so there are less tenant headaches.

📌 Predictability – Longer lease terms means more stability. Residential tenants tend to move more frequently.

📌 Tax Benefits – The combination of annual depreciation with rising market values makes commercial a great place to invest.

Have any questions on the topic? Leave us a comment and we’ll try our best to answer 😊

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