In this episode, Shawnna interviews a broker for office property leasing and sales in the Central Valley at Colliers International, Erica Frey. When deciding between leasing and buying, Erica says it comes down to your business model. For small businesses, when lease rates are high, it may be better to acquire the property. Erica then explains the process of property acquisitions and how not every transaction will be the same. It can vary between a matter of days to years. However, Erica reveals the general steps that take place to complete a transaction. Later, Erica explains what a business owner needs to know before looking into commercial real estate. 

In this episode:

• The decision to buy or lease will depend on your business model. 
• Sometimes, owning real estate will not be possible; it will depend on your numbers – every situation is unique. 
• Every property acquisition transaction is different; it could take seven days or two to three years.
• A residential purchase is much more emotional, whereas commercial purchases always come down to the numbers - an office will be one of the most significant expenses for business owners. 
• As long as the buyer occupies more than 51% of the property, SBA financing is a great opportunity.

Disclaimer: This podcast discussion is for informational purposes only and not for the purpose of providing medical, legal or financial advice. You should contact your doctor, attorney or financial advisor to obtain advice with respect to any particular issue or problem. Visit: www.edgysolutions.com

About Erica Frey:

Erica Frey has the select distinction of being named the broker for office property leasing and sales in the Central Valley at Colliers International. She is a graduate of Pepperdine University, where she received a BA in Public Relations. Immediately after graduation, she launched her real estate career in Beverly Hills, leasing and selling residential properties. In 2012, she joined CBRE, Inc. in the Stockton Office managing the marketing, account communications, and coordinating all elements of commercial office real estate consultation services and transactions. 

She has experience in Landlord and Tenant Representation, Seller and Buyer Representation, and Build-to-Suit lease transactions. She is known as the go-to Office Broker for commercial office space in the Central Valley: commercial office property in Lodi, commercial office property in Stockton, and commercial office property in Tracy, commercial office property in Modesto; She services the Central Valley Regions North of Lodi, California, to South of Modesto, California, to West of Tracy, California and East of San Andreas, California. 

Her core values are integrity, honesty, and unparalleled work ethic. She is dedicated to providing clients with the most up-to-date information on the state of the market and its trends giving them a realistic outlook on what they can expect to achieve in today’s market.

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Visit: www.edgysolutions.com