Frequently Asked Questions
Frequently Asked Questions
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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.
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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.
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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.
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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
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Before signing a commercial lease, ask about more than the advertised rent. Important questions include what operating expenses or CAM charges you will pay, whether the lease is gross or triple net (NNN), annual rent increases, security deposit requirements, tenant improvement allowances, maintenance responsibilities, renewal options, signage rights, permitted use and whether you can assign or sublease the space.
A commercial tenant representative can also help you compare properties based on the total occupancy cost rather than base rent alone. Latitude 365 Advisors represents businesses searching for commercial space for lease throughout Minneapolis and the Twin Cities and assists with property searches, lease comparisons, letters of intent and lease negotiations.
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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.
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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.
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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.
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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
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Look for a commercial real estate advisor with experience marketing and selling properties similar to yours, knowledge of the local market, a clear pricing strategy, and a strong plan for reaching qualified buyers. Ask how the advisor will determine value, market the property, communicate with you, qualify potential buyers, and negotiate offers.
Latitude 365 Advisors provides seller representation for office, retail, investment and other commercial properties throughout Minneapolis, St. Paul and the Twin Cities. Mechelle Holland works with property owners from the initial valuation and positioning strategy through marketing, negotiations and closing.
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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.
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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.
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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.
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Yes. We assist investors with acquisitions, dispositions, market analysis, site selection, portfolio growth strategies, and investment property evaluations.
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Yes. We provide business brokerage services for owners looking to sell their businesses and entrepreneurs or investors seeking acquisition opportunities.
Business Brokerage Questions
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Yes. We provide business brokerage services for owners looking to sell their businesses and entrepreneurs or investors seeking acquisition opportunities. in the Twin Cities, MN and surrounding areas.
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Business valuation is based on multiple factors, including financial performance, cash flow, industry trends, assets, liabilities, growth potential, and market conditions.
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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.
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When purchasing an existing business, the business transaction and the real estate are often closely connected. If the business owns its building, the transaction may involve both the acquisition of the business and the commercial property. If the business leases its location, the buyer may need to assume the existing lease, negotiate an assignment or obtain a new lease from the landlord.
A business broker and commercial real estate advisor can coordinate the timing and terms of these pieces so the business acquisition and real estate transaction work together. Latitude 365 Advisors provides commercial real estate and business brokerage services, allowing business owners and buyers to receive coordinated guidance when a transaction involves both a business and its real estate.
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. 🌎🏢
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A commercial real estate broker specializing in landlord representation can market vacant space, position the property competitively, respond to tenant and broker inquiries, coordinate tours, evaluate prospective tenants and negotiate lease terms.
Latitude 365 Advisors provides commercial landlord representation throughout Minneapolis, St. Paul and the Twin Cities. Mechelle Holland works with commercial property owners to market available office, retail, medical and other commercial spaces and connect landlords with prospective tenants while managing the leasing process from marketing through lease negotiations.
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A commercial tenant representative can help identify spaces that meet your current needs while considering future growth, lease length, expansion options, renewal rights and overall occupancy costs. The right space is not necessarily the largest one—it should support your business today without creating unnecessary overhead while providing flexibility for tomorrow.
Latitude 365 Advisors helps businesses search for commercial space for lease throughout Minneapolis, St. Paul and the Twin Cities. We can identify available properties, compare lease terms and costs, coordinate tours and negotiate with landlords to help businesses find space that aligns with their operational needs, budget and growth plans.
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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.
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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.