Posts by HB Springs
Ground Lease
A ground lease is an agreement in which a business or investor is permitted to develop a vacant parcel of land in the form of a lease agreement over a defined lease period. Once the lease period expires, the land and all improvements constructed by the ground lease tenant are turned over to the land…
Read MoreWhat Is A Master Lease Agreement?
A master lease is an agreement by which a Tenant leases a property a period of time from an Owner of a commercial property who may be inclined to relinquish control of the asset. The agreement provides the Tenant with the ability to then sub-lease portions of the property to other individual tenants. The agreement…
Read MoreDue Diligence Investigation & Asset Review for Troubled & REO Assets
Regrettably, the borrower is approaching or is in default. With the handwriting on the wall and foreclosure action imminent, it’s time to perform your own investigation of the property to see what the bank may be getting – and the clock is ticking. The accumulation of information, reports and research necessary to adequately assess…
Read MoreSOLD – 11640 US 17 Bypass Frontage Rd., Murrells Inlet, SC
This single tenant investment property consists of 2,950 sf professional office situated on .42 acres. This seasoned lease with original inception of March 1998, Cumulus Broadcasting is a publicly traded American broadcasting company and the third largest owner and operator of AM and FM radio stations in the United States. Cumulus lists ownership of 446…
Read MoreSOLD – U.S. Highway 17 Business, Surfside Beach, SC
This 1.47 acre corner parcel is positioned at the main entrance to Deerfield Plantation, the area’s premier permanent residential and tourist resort community. The site consists of 232 feet fronting US Highway 17 and a traffic count in 2016 of 29,200. With roadway changes affecting this parcel planned by the SCDOT, on behalf of…
Read MoreSOLD – 112 South Service Court, Socastee Township, Myrtle Beach, SC
This investment property consists of 4,800 sf office and warehouse consisting of expanded ceiling height and spacious overhead doors situated on .71 acres. A well-positioned service and trade complex with ease of access to SC Highway 544, this road serves as a primary tourism route with average daily traffic counts of 32,800. Bedroom community permanent…
Read MoreSOLD – 805 Seaboard Street
This investment property consists of 10,000 sf office and warehouse. Well positioned and situated on the main drive connecting US Highway 501 & Joe White Ave., Seaboard Industrial Park has long been the premier Business Park address for the service industry. The park is immediately accessible to all main and secondary road systems servicing the…
Read MoreHow to Evaluate Your Property’s Performance
When investing in commercial real estate, it will be important for you to know how to check a property’s performance. This will give you a good idea whether or not this investment is the right one for you. It’s important to keep in mind that performance is all relative. Different factors come into play which…
Read MorePress Release: 838 Inlet Square Center
H.B. Springs Co. Commercial Real Estate announces the addition of New Image Custom Seats & Custom Canvas to 838 Inlet Square Center. New Image specializes in custom motorcycle seats, In house embroidery and digitization, Illuminated logos, custom cuts, tank bras, gear pouches and many more accessory items. In addition, they are well equipped to provide…
Read More10 Skills That Make A Good Property Manager
Commercial property managers tend to have specific skillsets that afford them the ability to maintain positive tenant relationships while taking on and solving complex issues that are faced when managing a building. The following skills set H.B. Springs Co. apart: Understanding Complex Issues Commercial property is not just cut and dry. There are…
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