Services
As a full-service real estate brokerage company, Fouquette Commercial Real Estate Services offers a wide range of integrated services to property owners, real estate users and investors.
Real Estate Brokerage
Optimizing your property’s profitability means finding the right tenant or buyer.
Our team will help evaluate, structure and execute the terms you need.
Our marketing specialists formulate a customized marketing strategy for every listing we tackle. Working closely with the listing agent, the marketing team devises a planning flowchart with calendared events, similar to that utilized by advertising firms when planning a promotional campaign on behalf of a client.
While we strive to lease or sell a property as promptly as possible, we always keep in mind the property owner’s ultimate objective: to maximize the value of his/her investment. We qualify tenants through a rigorous review of credit history, financials and business strategies. Similarly, we require prospective buyers to submit proof of financial backing, whether they intend to finance their purchase or use their own funds.
Final terms and conditions reflect this perspective, optimizing return on investment and protecting your valuable asset.
Define- Negotiate- Deliver
At FCRES we pride ourselves of our extensive market knowledge and information. Combined with our negotiation skills and expertise, we identify and secure the most suitable site for your business at the most favorable terms.
Site Selection: Location, Location, Location
We begin the process with an in-depth survey of your business’ real estate requirements and growth perspectives. Through our database of property availabilities, and diligent market research, we then identify all available spaces potentially suitable to your needs. After drawing a short-list of properties, we organize on-site tours for your consideration.
Delivering Effective Lease Proposals
Once you make your final selection, we draft and submit the lease proposals with the desired terms and conditions, marking the beginning of the lease negotiation process.
While lease proposals are generally non-binding documents, it is crucial that they delineate all pertinent terms, as they set the grounds for further negotiation. In addition to lease term and rate, there are other important elements to consider during the initial process. These include provisions to extend or renew the lease, rent escalations, security deposit, allowances, and tenant improvements clauses, among others.
We invite you to explore our current availabilities, but also encourage you to contact us with your specific requirements.
Our Investor representation services focus on the acquisition of income-producing properties across all market segments.
Searching for unique opportunities
Our analysts are continuously surveying the market in search of quality investment opportunities. When evaluating property, they take into account both quantitative and qualitative criteria. While they analyze existing profitability measures such as cap rate and internal rate of return, they also look for upside in a property. For example, they may consider whether a property is functionally or technologically obsolete, and whether upgrading it physically or through technology would increase its competitiveness. They may also analyze the feasibility of releasing the property at higher rates as leases roll over, changing the tenant mix, or improving management to increase profitability.
We present these unique opportunities to our investor clients, who may be seeking to invest on their own, or through syndication by teaming up with other investors. If you wish to be a part of our exclusive investor group, please contact us to discuss appropriate investment strategies.
Property & Asset Management
We provide a wide range of services from coordinating property maintenance, rehabilitation and construction, to financial record-keeping and reporting.
At FCRES, we believe that in today’s competitive environment, staying on top of the latest technologies is important to maximize efficiency.
Development & Redevelopment
Challenge:
FCRES had the assignment to market and lease an industrial building, which had been converted to office space and partially renovated by a prior tenant. An area of approximately 3,500 square feet remained “un-renovated”, and while it maintained an industrial feel, it was inadequate for industrial use. As office space, it commanded below-market rates, as it lacked certain desirable features, such as HVAC.
Strategy:
Our team first recommended dividing the building into separate units, and differentiating the lease rates accordingly. While the renovated spaces were priced at a higher monthly rent, FCRES identified several prospective users for those spaces, and promptly secured solid tenants.
FCRES then recommended refinishing the un-renovated portion of the building, and subdividing that area into small suites. FCRES designed the new space and managed the construction process.
Results:
The renovation was concluded in record time. Within two months, six new suites with a fresh, creative look came to market. Shortly after, these were all successfully leased at market rates. FCRES’ insight, market knowledge and initiative translated into an enhanced asset, yielding an optimal return.
Challenge:
FCRES represented an Investor whose real estate portfolio included several contiguous properties in LA’s Westside. The site had become increasingly desirable, as it is central to all of the Westside’s major communities and has immediate access to the freeway. While the ownership agreed with FCRES’ assessment that the highest and best use for the properties was office, not all the buildings were suitable for office use. One of them in particular, was a warehouse, previously used for automotive repair. It retained an unpleasant mechanical look and feel, and lacked adequate parking for office use.
Strategy:
As project managers of the renovation, the FCRES team recommended fully sandblasting the building. This resolved the mechanical odor and gave the warehouse an appealing creative appearance. To address the parking adequacy, FCRES suggested removing part of the building’s frontage. Storefront windows replaced the old roll-up doors, and the façade was refinished.
Results:
FCRES marketed the newly refurbished space as creative office or showroom. Today it houses one of LA’s most renowned furniture and home accessory stores. By readapting the use, FCRES was not only able to attract a high-credit tenant to that location; it also increased the overall value and desirability of the adjacent properties, thus optimizing the value of the entire investment portfolio.
Challenge:
A Property Owner whose manufacturing building had been vacant for a significant period approached the FCRES team. While the building was situated in a prime West Los Angeles location, it was gradually falling into functional obsolescence. The FCRES team understood the challenge: It was a two-story industrial structure, with over 60% of its total square footage on the second floor. In its existing condition, the building commanded lower market rates than those of its neighboring office buildings, and it was difficult to lease.
Strategy:
The FCRES team recognized a unique opportunity to reposition the building. In close collaboration with the Property Owner, it concepted a stylish Class A creative office environment, which accentuated the industrial elements of the building, while integrating newer, more polished finishes. FCRES was an integral part of the design and construction team, working with the tenant improvements contractor, the architectural firm, and other vendors and sub-contractors.
Results:
The building’s transformation was a success. While significant capital improvements were infused, the property tripled its value upon project completion. Its timing was ideal, as it coincided with a peak in demand for creative office space, driven by the ‘dot.com’ phenomenon of the 1990’s. Today the building stands as a landmark among LA’s creative office structures.