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Looking to sell? Follow these tips to maximize benefits on real estate deals - Phoenix Business Journal

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A Valley real estate investment specialist offers several tips to business owners who also own their buildings on steps to take during the current market conditions to make the most of a potential property sale. phoenix

By Trisha Talbot – Contributing writerWith GDP shrinking the past two quarters, quibbles over whether we’re in a recession are fading. The commercial real estate traditional office market is already experiencing a pinch with metro Phoenix at 21% vacancy as companies downsize office space on the heels of the pandemic and continued remote working.

Sale-leasebacks are particularly appealing when a property owner intends to retire in the next 10 years — selling while prices are high enables them to receive optimal value and when the lease expires, they can renew or vacate without concern for market conditions or finding a quality tenant.

 

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