Vagrancy, vandalism, violations, as well as copper theft, multiply the risks, especially if the property is located in another state from the landowner

 

“As a commercial real estate broker, I’ve used Commercial Asset Preservation (CAP) to assist many of our clients, particularly out-of-state owners who have vacant properties and don’t have someone local to keep an eye on them,” Deno Bistolarides, Managing Partner, Encore Real Estate Investment Services, West Bloomfield, Michigan.

 

Commercial Asset Preservation supports clients both large (think closed locations from *Rite Aid, On The Border & Smokey Bones to Wendy’s, Conn’s HomePlus, Joann Stores and Bargain Hunt) and smaller landlords, often 1031 exchange owners, struggling to stabilize at-risk properties. Locally-based services include inspections, plumbing, electrical, paving, HVAC, landscaping, and handyman work. 

 

“Rather than having to make numerous calls and find trustworthy contractors, landscapers, handymen, or other vendors in different cities, CAP gives us and our clients a reliable one-stop shop,” adds Bistolarides. 

 

*Closed Rite Aid stores get surprising retail replacement

Smokey Bones just closed all of its stores: See a list of doomed locations

 

Commercial Asset Preservation, established in 2009, regularly monitors vacant properties, often preventing disastrous situations, expensive repairs, and delays in sales or leasing. CAP can be reached at (800) 445-0640 or by email at inquiries@commercialpreservation.com