Featured Properties

• 
• 
• 

Listing # C8062486

$22,160.00 Annual

221 12005 238B STREET Maple Ridge, British Columbia

Unlock a prime business opportunity at 12005 238B Street in Maple Ridge. Ideally situated, this office space offers a ...

• 
• 
• 

Listing # C8064900

$16.00 / Square Feet

312 1959 152 STREET Surrey, British Columbia

Located at 1959 152 St in the heart of South Surrey, this prime office space offers a professional environment with ...

Listing # C8064045

$1,585,390

104 2233 156 STREET Surrey, British Columbia

Take advantage of a prime retail space at 2233 156 Street, Unit 104! This ground-level unit is ideally located in a ...

More Listings

Background in Business

Commercial Realtor

I am one of "Royal Lepage Commercial" Business Brokers and investment advisors. I know a thing or two about advising clients in the marketing and brokerage of businesses and commercial real estate. I am experienced in both buying and selling representation, and I have long been committed to negotiating the best possible outcomes for my clients. I am supported by an incredible network of Royal LePage Realtors, and I'm proud to be a part of this esteemed organization.

I originally hail from India, where I completed my degree in Civil Engineering and a Masters of Business Administration. After completing my academia, I spent 26 years representing many different organizations as a real estate consultant and business owner.

I specialize in guiding local, national, and international clients with commercial real estate acquisitions, brokerage services, and project marketing initiatives. These include a listing for some exclusive companies such as HB Group, Bharti Comtel Ltd., Panasonic, Shanghai electrical, The Children Place, Borg Warner, All Cargo, Tellabs, Rolls Royce, Motorola, Canadian Hospital Specialties Limited, Sunrise Kitchens Ltd. Cambria College and others.

"I am a people person and an investment professional. I combine these skills and my personal ability to provide credible solutions that catered to your needs. I have 17 (India) + 9 (BC) years of experience advising business owners on the next steps to take and aid them in finding the best value for their assets. There is a mantra I live by - I've got your back - I will help you understand the pros and cons of your options and guide you to make the right decision ."

Commercial and Business Broker

Did you know?

Home

Discover the perfect commercial space to elevate your business or embark on a new journey in the ideal location. Discover the perfect spot tailored just for you.

More

Mortgage Information

Are you intimidated at the thought of looking for a mortgage? Just follow these steps to find a mortgage that works for you.

More

Income property

Commercial Real Estate

Commercial Property Sales While Tenants Are Present

Owners of commercial real estate are typically in an excellent position to sell their investments. They need only remember why it was that they bought that specific piece of business property.

What gives? Given the high likelihood that any new commercial property investors considering the property would have a similar mindset, investors who are aware of this may tailor their marketing to attract the ideal buyer.

The value of the commercial property investment has almost certainly increased over time owing to simple market appreciation. Now that reliable renters are already in place and showing no signs of wanting to vacate, the investment opportunity has the potential to improve even more.

We'll discuss the upsides of selling a commercial property with renters, as well as some of the more prevalent challenges that come up in this context.

Length of a Typical Lease

The commercial property's occupancy rate is directly proportional to its tenants' average length of stay. Some businesses only rent a serviced office for a period of six months because of the shorthold tenancy agreements that are standard in the industry.

The numbers above show that this isn't a major concern unless tenants have a low turnover rate. A business property with tenants who have signed leases lasting at least five years is more appealing to a commercial property investor because it demonstrates stability.

When looking at longer leases, it's important to know how many tenants departed at the break clause, how many stayed until the conclusion of their lease, and, ideally, how many elected to renew their lease.

The average lease term for tenants at the business property in issue may be calculated by adding and dividing the aforementioned statistics. Fewer tenants on longer leases might be more appealing to investors than a larger number of tenants with a higher vacancy rate.

This is especially true for the business owner who is not interested in becoming a "hands-on" landlord. They don't want to have to constantly market the space and show it off to potential tenants, and while they could hire a commercial agent to do so, doing so would cut into their profits, making the commercial real estate and business model less appealing.

Here are some of the advantages of working with me:

Some commercial brokers recommend waiting for a lease to expire before selling a property if the lease's termination date is within the next three to six months. This, however, just simplifies their lives, since they no longer have to coordinate showings with the current renters before showing the home to potential buyers.

Yet, a commercial property that already has reliable tenants in place might be seen as much more than just a structure; it can be seen as a viable company. The commercial real estate investor is in a position to dispose of the venture as a going business.

Documentation is Essential

The commercial property seller might attract more potential buyers by making certain they have all the necessary information about the property. The first set of data is occupied space specifics.

This is especially helpful when trying to sell office space that already houses many tenants. Potential purchasers may be put off by the fact that the retail establishment is not at capacity at the time of sale. After all, if a prospective buyer tours a building and discovers that it is only generating 60-70 percent of its rental income potential, the buyer is more likely to look elsewhere or make a lowball offer because they assume the seller is in a weak position.

However, it is possible that several tenants' leases expired around the same time the commercial property owner decided to put the property on the market, so they amicably parted ways. The tenants, for example, may not have been keen on the prospect of a new landlord.

This is why proof of the occupancy rate over the whole time the property was owned must be provided. Investors will know they are making a good bet if they observe that the property consistently has an occupancy rate of 85 percent or above.

Even if a commercial property investor is confident that monthly expenses can be covered by rental income from current tenants, he or she will still want to maximize their return on investment, so the forecasted monthly income will be a key metric. This number should be readily available and verifiable by the buyer's accountants or lawyers.

Why work with me ?

​A. My business philosophy is to do an outstanding job and take the time to know my client's needs, and deliver amazing results. My business is based on referrals, and building a strong referral network takes a lot of effort. I believe in having a strong bond of understanding between my client and myself. 
B. I customize my market plan specific to your property/ search. Together we develop a strategy that is designed for your real estate requirement. If you want to maximize your results, you need the right approach.
C. I’ve developed vital negotiation skills from years of real estate transactions. I know when to effectively listen and build rapport, creatively problem solve in difficult situations and be assertive when necessary on behalf of my clients.

Sumir Chauhan MBA

Commercial Real Estate Broker

Phone: 604.591.9000  

Mobile: 604.725.5977  

Email

Buying or selling real estate is a big decision - you need an experienced professional to guide you through the process. When you work with me, you can count on personal, attentive, patient service, excellent knowledge of the area, great negotiation skills and expert selling strategies.