“Location, location, location” is one of the oldest phrases in real estate.
In commercial real estate, however, location is about much more than having a good address.
A property's value and usefulness can be influenced by access, surrounding businesses, demographics, zoning, visibility, traffic patterns and the needs of the intended user.
Premier Commercial, Inc. is a full-service commercial real estate firm based in Fairfield and serving Solano County. Its services include industrial, office and retail leasing, investment property sales, land sales, development consulting, business opportunities, apartment sales, property management and real estate lending.
Access Matters
A property may look excellent on a map, but practical access is important.
How easily can customers reach the location? Can employees get there conveniently? Is there appropriate parking or loading access?
The answers depend heavily on the type of property.
The Surrounding Area Matters
A retail property may benefit from nearby traffic and complementary businesses.
An industrial property may have different priorities, such as access for vehicles, proximity to transportation routes financial considerations such as purchase price, operating expenses, potential income, financing and can involve inspections, leases, zoning, environmental considerations, financing, title issues and other or compatibility with surrounding uses.
An office property can have different considerations again.
There is no universal definition of a “good” commercial location.
Zoning Is Part of the Equation
A property's permitted uses matter.
A buyer or tenant needs to understand whether the property can legally support the intended use and whether other requirements may apply.
That is one reason commercial real estate decisions involve more research than simply looking at the building.
Local Knowledge Has Value
Commercial properties exist within a larger economic and community environment.
Understanding local businesses, development patterns, available properties and the area's resources can help put an individual property into context.
Premier Commercial, Inc. describes its local involvement and knowledge of Solano County as a central part of its approach to commercial real estate.
A successful commercial property decision begins with more than a building.
It begins with understanding how that building fits into the market around it.
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