David Reid Real Estate isn’t your typical commercial real estate broker. You won’t find us in a large corporate office with dozens of agents. We are a small, relationship-driven company that focuses on the real estate needs of other small businesses. We specialize in helping clients purchase commercial real estate for their own use, and to use as long-term investments.
One important specialization is many small business owners start out in business by leasing offices or industrial spaces, but soon realize leasing comes with drawbacks.
Most notably, Lease payments increase year after year. Furthermore, space modifications are cumbersome.
By purchasing a commercial property, payments remain fixed, and eventually go away altogether when the mortgage is paid off. In some cases, we find a building larger than current needs, and can lease out extra space to other businesses to cover costs of the mortgage. So, business’s costs go down, while building equity, and the asset appreciates. In addition, you can modify the space as you see fit.
Many business owners have never considered the possibility of owning a commercial property or see it as overwhelming. We’re here to help them realize that possibility. We walk our clients through the process of purchasing commercial property step by step. With our background in construction, we can even help with the tenant improvement process. We work with many different banks to help our clients secure the best loans—including ones that require only a small down payment.
We offer our clients personalized service, exceptional communication, and a proven track record of successful commercial real estate transactions.
Client Success Stories
A Private University Saves Money and Gains Control
A local private university had been leasing numerous spaces for satellite campuses throughout southern California. At several locations we found superior sites which they acquired, and their fully financed monthly loan payments were significantly less than the rising lease payments. Not only were we able to dramatically decrease their monthly payment, but in the coming years, they will have the building paid off and own it free and clear!
Human Resources Company Sets Itself Up for the Long-term
When staffing agency AMTEC came to David Reid Real Estate to help them find a new office space they had several requirements. They wanted something that would be conducive to an innovative office environment—a property they could modify when needed to adapt to their ever-changing needs; a space that was larger than their current needs that they could grow into, leasing out the extra space in the meantime; and a property that would help them lower their facilities costs.
David Reid Real Estate assisted AMTEC in finding a fantastic 15,000 square foot building that was larger than they currently needed and then came alongside them to help lease out the excess office space. We then assisted with remodeling the ground floor to fit their contemporary desires. Their monthly loan payment is less than their former lease payment and is also being subsidized by their lessees. Best off all, in 25 years, AMTEC will own the building free and clear.
