Thinking about selling an office building, retail center, industrial property, mixed-use building or apartment building in Glendale, Pasadena, Burbank or greater Los Angeles? Iliad Real Estate Group represents commercial property owners from pricing through closing. We are a local commercial listing brokerage with offices in Pasadena and on Brand Boulevard in Glendale, and we focus on owners within about 20 miles of Glendale.
How We Sell Your Commercial Building
- Free broker opinion of value. We review your rent roll, leases, operating expenses and net operating income (NOI), then compare recent sales and current cap rates for similar buildings nearby.
- Sale strategy. We help you decide whether to sell vacant to an owner-user, sell leased to an investor, or lease up first to raise the value. We also flag timing issues such as upcoming lease expirations and 1031 exchange deadlines.
- Offering memorandum. Professional photos, property details, financials, lease summaries and a clear story about the building’s upside.
- Marketing. Listing on major commercial listing services and our website, signage, and direct outreach to investors, owner-users, 1031 exchange buyers and cooperating brokers.
- Offers and negotiation. We qualify buyers, compare offers on price, deposit, due diligence period, contingencies and closing timeline, and negotiate terms that protect you.
- Escrow and closing. We manage due diligence requests, estoppels, inspections and escrow through closing, and coordinate with your attorney, CPA and exchange intermediary.
Commercial Property We Sell
- Office buildings and medical office buildings
- Retail storefronts and small shopping centers
- Industrial, warehouse and flex buildings
- Mixed-use and creative office buildings
- Apartment buildings and multifamily properties
- Owner-user buildings and land
Sell or Lease? We Can Model Both
If your building has vacancies, leasing it up before a sale can raise its value, since investors price buildings on income. If an owner-user is the likely buyer, selling vacant may bring a better price. We compare both paths so you can decide with your tax and legal advisors. If leasing makes more sense, see our commercial real estate landlord representation services.
Where We Sell
Glendale, Pasadena, Burbank, La Cañada Flintridge, La Crescenta-Montrose, Eagle Rock, Atwater Village, Silver Lake, the San Fernando Valley and greater Los Angeles. See all areas we serve.
Selling Commercial Property: FAQs
How is a commercial building valued?
Investment property is valued mainly on income: net operating income divided by a market cap rate, checked against recent comparable sales. Owner-user buildings are valued more on comparable sales and replacement cost.
How long does it take to sell a commercial building?
It depends on property type, price, condition and financing conditions. Escrow periods for commercial sales are usually longer than for homes because buyers need time for due diligence and loan approval. We will give you a realistic timeline after our review.
What does a commercial listing broker charge?
Commissions are negotiable and are usually a percentage of the sale price. We explain our fee and how cooperating broker fees are handled before you sign a listing agreement.
Can I sell with tenants in place?
Yes. Many buyers want a building with stable tenants. We review your leases and estoppel requirements early so the tenants do not slow down escrow.
Get a Free Valuation
Call (818) 836-4070, email Office@IliadRealEstate.com, or send us a message. Offices at 750 E. Green Street, Suite 310, Pasadena, CA 91101 and 450 N. Brand Blvd., Suite 600, Glendale, CA 91203.