OFFICE LEASING McKOWN HOLDINGS 30 OLD RUDNICK LANE

Philip McGinnis — Tue, 29 Dec 2009 20:24:48 +0000

Financing real estate occupancy through leasing is a wise investment. Not only does the business enterprise preserve capital for the operation of its business, but many attractive properties become available. The three key features, as they say, of real estate are location, location, and location. Theoretically, all of the best locations are already acquired, and not for sale. However, many of these great locations can be leased, so the organization not only acquires a great location, but preserves capital wisely, as well. McGinnis Commercial Real Estate Company is pleased to announce its representation of McKown Holdings’ property at 30 Old Rudnick Lane, fronting Webbs Lane, in South Dover, Kent County, Delaware. The office space is 6,019 square feet, on the first floor, and is fully improved with offices, conference rooms, and furnishings. The property is ideally located off of South State Street around the corner from U S Route 13 and the South Dover SR 1 Interchange. The rental rate is $15.50 per square foot, plus utilities, maintenance, taxes and insurance. There is more information about this offering on our website. McGinnis Commercial Real Estate Company can accommodate all of your real estate needs.

LEASE YOUR COMMERCIAL PROPERTY NEEDS

Philip McGinnis — Mon, 28 Dec 2009 22:38:46 +0000

The goals of commercial property occupancy vary with the goal of the business enterprise. Typically, real estate occupancy is a cost of doing business, just like advertising, telephone and internet usage, salaries and wages, and other expenses. Purchasing real estate ties up capital that could best be used by management to operate the core business of the organization. There are tax advantages to renting real estate, as the rental payments are deductible against the income generated for income tax purposes. The ideal benefit of renting the real estate for the business enterprise is that a huge investment of capital for equity is not required. In this market, equity requirements are a minimum of 20 percent, and typically 25 to 30 percent of purchase price. Then there are closing costs, adding as much as five percent more to the capital requirements. The capital requirements for rental real estate are typically the first monthly rental payment, and a security deposit. Often the improvements required by a tenant can be financed and paid over the term of the lease. The business enterprise then retains capital to operate its business. To illustrate, even real estate brokerage firms are not in the real estate business, they are in the brokerage business, so renting office space provides the optimum use of its capital. McGinnis Commercial Real Estate Company has a number of office lease listings which would accommodate a variety of business needs, such as professional office space requirements for physicians, and general office space requirements for accountants or insurance agents. We also have flex space which includes shop and warehouse areas together with smaller office areas for contractors. McGinnis Commercial Real Estate Company has commercial lease opportunities in every price range, and in every location in the market area. For your office leasing needs, call on McGinnis Commercial Real Estate Company.

McGinnis Commercial Real Estate Co Blog » Commercial Rental Property

OFFICE LEASING McKOWN HOLDINGS 30 OLD RUDNICK LANE

LEASE YOUR COMMERCIAL PROPERTY NEEDS