Frequently Asked Questions

Frequently Asked Questions

  • We work with a variety of commercial property types, including office, retail, industrial, land, mixed-use properties, investment properties, and business opportunities. Our services are tailored to meet the unique needs of each client and property type.

  • Latitude 365 Commercial Real Estate Advisors is based in Minnesota and serves clients throughout the Twin Cities and surrounding markets. Through our affiliation with eXp Commercial, we also have the ability to assist clients with opportunities across the United States.

  • Tenant representation focuses on helping businesses find, negotiate, and secure commercial space that meets their operational and financial goals. Landlord representation focuses on helping property owners lease their available space, attract qualified tenants, and maximize property performance.

  • In most leasing transactions, commercial real estate commissions are paid by the property owner or landlord. For investment sales, buyer representation, consulting, and certain specialized services, compensation structures may vary. We are happy to discuss fees and representation options during an initial consultation.

Leasing Questions

  • The timeline varies depending on the market, property type, business requirements, and lease negotiations. Some transactions can be completed in a matter of weeks, while others may take several months.

  • A Triple Net (NNN) lease requires tenants to pay a portion of the property's operating expenses in addition to base rent. These expenses may include property taxes, insurance, and common area maintenance (CAM) charges.

  • Common Area Maintenance (CAM) refers to expenses associated with maintaining shared areas of a property, such as parking lots, landscaping, sidewalks, lighting, and common hallways.

  • Tenant Improvements are modifications made to a commercial space to meet a tenant's specific needs. Depending on negotiations, the landlord may contribute a Tenant Improvement Allowance to help cover some or all of the costs.

Investment & Sales Questions

  • Property value is influenced by several factors, including location, income, expenses, lease structure, occupancy levels, market conditions, and comparable sales. We provide market analysis and valuation guidance to help determine an appropriate pricing strategy.

  • A capitalization rate (cap rate) is a common metric used to evaluate investment properties. It is calculated by dividing a property's Net Operating Income (NOI) by its purchase price or value. Cap rates help investors compare potential returns across different opportunities.

  • The timeline depends on property type, pricing, market conditions, and buyer demand. Some properties sell quickly, while larger investment assets may require several months of marketing and due diligence.

  • Yes. We assist investors with acquisitions, dispositions, market analysis, site selection, portfolio growth strategies, and investment property evaluations.

  • Yes. We provide business brokerage services for owners looking to sell their businesses and entrepreneurs or investors seeking acquisition opportunities.

Business Brokerage Questions

  • Yes. We provide business brokerage services for owners looking to sell their businesses and entrepreneurs or investors seeking acquisition opportunities.

  • Business valuation is based on multiple factors, including financial performance, cash flow, industry trends, assets, liabilities, growth potential, and market conditions.

  • Absolutely. Confidentiality is one of the most important aspects of business brokerage. We implement strategies designed to protect sensitive information while marketing opportunities to qualified buyers.

Working With Latitude 365

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Still have questions?

Our team is here to help. Whether you're leasing, buying, selling, investing, or exploring business opportunities, we're happy to discuss your goals and provide guidance.

Contact Latitude 365 Commercial Real Estate Advisors today to start the conversation. 🌎🏢

  • We combine personalized service, strategic market knowledge, and the national reach of eXp Commercial to help clients make informed commercial real estate decisions. Our approach is built on expertise, integrity, relationships, and results.

  • Simply contact us to schedule a consultation. We'll discuss your goals, answer your questions, and develop a strategy tailored to your commercial real estate needs.