Broker’s Opinion of Value Report
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Broker’s Opinion of Value Report. BROKER’S OPINION OF VALUE REPORT. Delete this Box & Insert Or Paste Property Photos Here. Subject Property: Property Address City, State & Zip Code. Prepared For: Contact Name Contact Title Company Name. SUBJECT PROPERTY: Property Address

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Broker s opinion of value report

Broker’s Opinion of Value Report

BROKER’S OPINION OF VALUE REPORT

Delete this Box & Insert

Or Paste Property Photos Here

Subject Property:

Property Address

City, State & Zip Code

Prepared For:

Contact Name

Contact Title

Company Name

SUBJECT PROPERTY:

Property Address

City, State & Zip Code

PREPARED FOR:

Contact Name

Contact Title

Company Name

Prepared By:

Agent Name #1

Agent Title

Agent Name #2

Agent Title

Agent Name #3

Agent Title

Branch Office Phone #

PREPARED BY:

Agent Name #1

Agent Title

Agent Name #2

Agent Title

Agent Name #3

Agent Title

Branch Office Phone #

Date:

Insert Date Here

www.daumcommercial.com

DATE:

Insert Date Here

O N C O R I N T E R N A T I O N A L


Broker s opinion of value report

TABLE OF CONTENTS

  • REVIEW OF PROPERTYI

  • BROKER’S OPINION OF VALUEII

    • Executive Summary

    • Approaches to Value

    • Comparable Data & Analysis

  • MARKET OVERVIEWIII

  • MARKETING PLANIV

    • General Approach

    • Target Market

    • Project Timeline

    • Process and Accountability

  • MARKETING TEAM & COMPANY PROFILE V


Broker s opinion of value report

REVIEW OF PROPERTIES

SECTION I

www.daumcommercial.com


Broker s opinion of value report

PROPERTY PHOTOGRAPHS

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Broker s opinion of value report

AERIAL PHOTOGRAPH

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Broker s opinion of value report

PROPERTY PROFILE

STRUCTURE

Type:

Status:

Year Built:

Stories:

Building Size:

Lot Size:

Zoning:

Parking:

Comments:

  • AMENITIES

  • Insert list of amenities here

  • Insert list of amenities here

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  • Insert list of amenities here

The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt the accuracy of the information, we do not guarantee it. Do not rely on any information contained herein without verifying it yourself.


Broker s opinion of value report

LOCATION MAPS

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Broker s opinion of value report

ASSESSOR’S PARCEL MAP

Assessor’s Parcel Number:

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Broker s opinion of value report

FEATURES & BENEFITS

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Broker s opinion of value report

BROKER’S OPINION OF VALUE

SECTION II

www.daumcommercial.com


Broker s opinion of value report

EXECUTIVE SUMMARY

Market Approach to Value:

Income Approach to Value:

Cost Approach to Value:

$ - $ ($ - $ / SF)

$ - $ ($ - $ / SF)

$ - $ ($ - $ / SF)

Insert Executive Summary Here


Broker s opinion of value report

MARKET APPROACH SUMMARY

Sales Price Range of Values:

Price / SF Range Of Values:

$ - $

$ - $

Insert Market Approach Summary


Broker s opinion of value report

FOR SALE PROPERTY SUMMARY

Insert Market Area Here

Insert Size Parameters Here

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MS Excel Summary Table Here

The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt the accuracy of the information, we do not guarantee it. Do not rely on any information contained herein without verifying it yourself.


Broker s opinion of value report

SOLD PROPERTY SUMMARY

Insert Market Area Here

Insert Size Parameters Here

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MS Excel Summary Table Here

The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt the accuracy of the information, we do not guarantee it. Do not rely on any information contained herein without verifying it yourself.


Broker s opinion of value report

INCOME APPROACH SUMMARY

Sale Price Range of Values:

Price / SF Range Of Values:

Capitalization Rate Ranges:

$ - $

$ - $

% - %

Insert Income Approach Summary Here


Broker s opinion of value report

INVESTMENT ANALYSIS SUMMARY

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Investment Analysis Here

The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt the accuracy of the information, we do not guarantee it. Do not rely on any information contained herein without verifying it yourself.


Broker s opinion of value report

LEASED PROPERTY SUMMARY

Insert Market Area Here

Insert Size Parameters Here

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The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt the accuracy of the information, we do not guarantee it. Do not rely on any information contained herein without verifying it yourself.


Broker s opinion of value report

FOR LEASEPROPERTY SUMMARY

Insert Market Area Here

Insert Size Parameters Here

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MS Excel Summary Table Here

The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt the accuracy of the information, we do not guarantee it. Do not rely on any information contained herein without verifying it yourself.


Broker s opinion of value report

COST APPROACH SUMMARY

Sale Price Range of Values:

Price / SF Range Of Values:

$ - $

$ - $

Insert Cost Approach to Value Summary Here


Broker s opinion of value report

COST APPROACHANALYSIS SUMMARY

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MS Excel Summary Table Here

The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt the accuracy of the information, we do not guarantee it. Do not rely on any information contained herein without verifying it yourself.


Broker s opinion of value report

MARKET OVERVIEW

SECTION III

www.daumcommercial.com


Broker s opinion of value report

_____________________ COUNTY INDUSTRIAL MARKET

_______ QUARTER 20_____

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The Latest Market Report Here

The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt the accuracy of the information, we do not guarantee it. Do not rely on any information contained herein without verifying it yourself.


Broker s opinion of value report

_____________________ COUNTY INDUSTRIAL MARKET

_______ QUARTER 20_____

Delete this Box & Insert

The Latest Market Report Here

The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt the accuracy of the information, we do not guarantee it. Do not rely on any information contained herein without verifying it yourself.


Broker s opinion of value report

_____________________ COUNTY INDUSTRIAL MARKET

_______ QUARTER 20_____

Delete this Box & Insert

The Latest Market Report Here

The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt the accuracy of the information, we do not guarantee it. Do not rely on any information contained herein without verifying it yourself.


Broker s opinion of value report

_____________________ COUNTY INDUSTRIAL MARKET

_______ QUARTER 20_____

Delete this Box & Insert

The Latest Market Report Here

The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt the accuracy of the information, we do not guarantee it. Do not rely on any information contained herein without verifying it yourself.


Broker s opinion of value report

MARKETING PLAN

SECTION IV

www.daumcommercial.com


Broker s opinion of value report

MARKETING PLAN

  • Upon the signing of the Exclusive Representation Agreement, DAUM will begin its marketing campaign to promote, advertise and expose your property to the largest amount of potential prospects. DAUM’s purpose and mission will be to complete the assignment in the shortest possible time to the most qualified prospect, while yielding the client the highest possible price or return. DAUM will use the following marketing campaign to complete the assignment.

  • Creation of Marketing Materials

    • Obtain and verify property details and specifications

    • Obtain a copy of any environmental reports (if necessary)

    • Digitally photograph the exterior and interior of the subject property

    • Design, print and create digital documents to be used for promotional mailers with sufficient information, photographs, maps, etc. to entice the prospect to contact DAUM for more information.

Sample Brochure

Sample Website

Sample Postcard

Sample HTML E-Mail

Featured on DAUM Website

Sample Property Sign

Not all marketing methods will be used for each listing. Marketing will be done as deemed appropriate for each listing.


Broker s opinion of value report

MARKETING PLAN

  • Submit and Distribute to Multiple Listing Services

  • Upon completion of creating the marketing materials, DAUM will then submit the subject property to the appropriate multiple listing services listed below (not all of these will be used for each listed property):

    • CoStarProperty

    • CostarProperty is the largest national database for tracking and promoting available commercial real estate properties. CoStar’s database has verified information on more than 24 billion square feet of office, industrial and retail buildings, as well as vacant land.

    • E-Multiple (AIR)

    • AIR’s e-Multiple database offers a comprehensive database which covers the greater Southern California market for office, industrial, vacant land and investments. Members of this association can submit and market your available property into this widely used broker-only listing service that exposes your property to more than 2,000 agents.

    • The Smith Guide

    • The Smith Guide offers a comprehensive database covering greater Southern California for office, industrial, retail, vacant land and investments.

    • ILS (Industrial Listing Service)

    • ILS offers a comprehensive database covering the Inland Empire and Orange County for available industrial and vacant land properties.

    • Loopnet.com

    • Loopnet.com is the largest national database for exposing and promoting available commercial real estate properties via the internet. Loopnet’s database has more than $100 billion worth of properties available for sale and more than 2.0 billion square feet of properties available for lease.

    • PropertyLine.com

    • PropertyLine.com is one of the largest national databases for exposing, marketing and promoting available commercial real estate properties via the internet. PropertyLine not only offers the exposure of the multiple listing services, it also incorporates many marketing tools to more effectively reach the target audience.

ILS


Broker s opinion of value report

MARKETING PLAN

  • Market & Expose the Property on the Internet

  • In addition the multiple listings services available online, your property will also be exposed and marketed on the internet in the following places:

    • www.DAUMCOMMERCIAL.com

    • DAUM can quickly add or update your property’s available status and information. A digital brochure of each property is created with the ability to add photographs, floor plans, site plans, location maps and general listing information, all in a searchable database to our visitors as well as link to each listing agent’s web page.

  • Site Signage

    • Order and install, if desired and approved by the owner, an appropriate sign announcing the availability of the property.

  • Direct Marketing

    • Local / Immediate Market Area:

    • Direct mail merge letter or mailer to local companies sorted by type of company, employee size and location.

    • Direct mail to personal and company client lists.

    • E-mail listing brochures and property information to brokers and prospects.

    • Regional:

    • Distribute property information through the use of regional business lists.

    • National:

    • Distribute property information through the use of national business lists.


Broker s opinion of value report

MARKETING PLAN

  • Personal Marketing:

    • Personal Canvass:

    • Target and distribute a mailer and additional information to a list of target companies (see Target Market) with a personal telephone follow-up program to be implemented

    • Telephone follow-up on a selected basis to all direct mail recipients.

    • Newspaper / Magazine Advertising:

    • Use local newspapers and magazines, when appropriate.

    • Use online newspaper and magazine sites, when appropriate.

    • Use regional advertisements in other newspapers, magazine and online sources upon mutual agreement between broker and owner.

    • Public Agency Cooperation:

    • Ensure state and local government agencies are aware of the availability of the property. Re-submit information periodically.

    • Provide information to the local Chamber of Commerce. Re-submit information periodically.

    • Progress Reports and Prospect Registration:

    • Provide owner with monthly (or agreed upon time schedule) written summary of activities, including names, addresses and contact persons of prospects and prospect registrations from brokers.

  • Specific Marketing Approach

    • Identify Target Companies / Prospects:

    • Select target companies / prospects by Standard Industrial Classification (SIC Code)or other targeted methods.

    • Select target companies / prospects by size.

    • Select target companies / prospects by zip code or geographic areas.

    • Expand parameters as needed.

    • Contact Target Companies / Prospects:

    • Same or similar SIC Code as previous property user.

    • Similar employee size as previous property user.

    • Same or similar geographic area as property.

    • Expand parameters as needed.


Broker s opinion of value report

TARGET MARKET

  • Industry #1

  • Industry #2

  • Industry #3

  • Industry #4

  • Industry #5

  • Industry #6

  • Industry #7

  • Industry #8

  • Industry #9

  • Industry #10


Broker s opinion of value report

PROJECT TIMELINE

Escrow period may range from 30-120 days from the time the agreement is signed.


Broker s opinion of value report

DISPOSITION PROCESS

Understand the Client

Manage the Real Estate Plan

Technical Review of Property

Implement the Marketing Plan

Identify the Purchaser

Prepare Market Valuation

Negotiate the Sale

Valuation Analysis

Manage the Agreement

Prepare the Marketing Plan


Broker s opinion of value report

MARKETING TEAM & COMPANY PROFILE

SECTION V

www.daumcommercial.com


Broker s opinion of value report

AGENT NAME

TITLE

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Contact Information:

Address

Suite

City, State, Zip

P XXX-XXX-XXXX

F XXX-XXX-XXXX

[email protected]

Selected Client List:

XXXXXXX

XXXXXXXX

XXXXXXXX

XXXXXXXX

XXXXXXXX

XXXXXXXX

XXXXXXXX


Broker s opinion of value report

AGENT NAME

TITLE

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&

Paste Bio Photo

Insert Bio Text Here

Contact Information:

Address

Suite

City, State, Zip

P XXX-XXX-XXXX

F XXX-XXX-XXXX

[email protected]

Selected Client List:

XXXXXXX

XXXXXXXX

XXXXXXXX

XXXXXXXX

XXXXXXXX

XXXXXXXX

XXXXXXXX


Broker s opinion of value report

COMPANY PROFILE SUMMARY

Experienced Professionals

EXPERIENCE MATTERS

DAUM has more than 120 agents in nine (9) branch offices throughout Southern California and Phoenix, Arizona. Each agent at DAUM is equipped with state-of-the art technology and market research to assist their clients make more informed decisions concerning their real estate assets. Coupled with a wealth of experience, specialized disciplines, and a strong client service background, DAUM agents are willing and prepared to assist you with all your real estate needs.

Strong Regional Company since 1904

REPUTATION MATTERS

For more than a century, DAUM has the unmatched reputation as an ethical, energetic and creative problem solver. DAUM has helped thousands of local and national clients maximize their real estate values through site selections, acquisitions, dispositions, leasing, property management and consulting. DAUM understands its markets better than the competition and will take action more quickly than many larger national companies.

National & International reach through Affiliations

REACH MATTERS

DAUM uses its affiliation with ONCOR International, SIOR, ICSC, CCIM, CIREI, AIR and other professional organizations to provide seamless professional services to clients wherever needed.


Broker s opinion of value report

ORANGE COUNTY

4400 MacArthur Boulevard, Suite 950

Newport Beach, CA 92660

949-724-1900

VENTURA & SANTA BARBARA

751 Daily Drive, Suite 105

Camarillo, CA 93010

805-987-8866

INLAND EMPIRE

3595 E. Inland Empire Boulevard, Bldg. 5

Ontario, CA 91764

909-980-1234

PHOENIX ARIZONA

1702 E. Highland Avenue, Suite 120

Phoenix, AZ 85016

602-957-7300

LOS ANGELES / CORPORATE

801 S. Figueroa Street, Suite 600

Los Angeles, CA 90017

213-626-9101

888-659-DAUM

www.daumcommercial.com

SAN FERNANDO VALLEY

21860 Burbank Boulevard, Suite 175

Woodland Hills, CA 91367

818-887-3600

SANTA CLARITA VALLEY

28494 Westinghouse Place, Suite 203

Valencia, CA 91355

661-705-2299

SAN GABRIEL VALLEY

13191 Crossroads Pkwy. N, Suite 175

City of Industry, CA 91746

562-695-7244

SOUTH BAY

1025 W. 190th Street, Suite 420

Gardena, CA 90248

310-538-6700

For more information, visit our website:

www.daumcommercial.com


Broker s opinion of value report

ONCOR International is a premier global commercial real estate referral network. A subsidiary of Realogy Corporation, ONCOR is composed of more than 50 independent commercial real estate partner brokerages that employ more than 1,800 individual sales associates working from over 170 offices in 32 countries. In 2009 ONCOR International members were collectively responsible for approximately $13.2 billion in commercial real estate volume and over 11,800 commercial real estate transactions.

ONCOR International network members are highly motivated, entrepreneurially minded commercial real estate professionals who are leaders in their respective markets. They are prepared to serve clients in the following markets, including: North America, Central America, South America, and Europe.

WORLDWIDE HEADQUARTERS1 Campus DriveParsippany, NJ 07054USAPhone: +1 973.407.6363Fax: +1 973.407.4666

EMEA HEADQUARTERS25 Sackville StreetLondon, W1S 3HQUnited KingdomPhone: +44 (0) 20.7544.4290Fax: +44 (0) 20.7544.2222

  • ONCOR PROFILE

  • Established in 1977

  • Serving 220+ markets throughout North America, Europe, Asia, South Africa and Latin America

  • Partners Worldwide: 50+

  • Offices: 172

  • Total Employees: 4,458

  • Total Sales Force: 1,783

  • Average Annual Revenues: US $670 million

  • Average Age of Companies: 38 years

  • Property Management: 362+ million sq. ft.

SELECTED CLIENTS

ABN AMRO Bank | American Hotel Register | American Express | AT&T Broadband | Bank of America | Baxter | Bell Microproducts

Blue Cross & Blue Shield | Borders Books & Music | British Airways | Burlington Resources | Camp Dresser & McKee, Inc. | Citibank

Coca-Cola | Computer Associates International | Countrywide Home Loans | Dean Foods | Dow Chemical | Dresdner Bank | Easy Rent-a-car

Edward Jones Co. | Emerson Electric | Energizer | First Franklin Financial | Firstworld Communications | Ford Motor Company | GAP

GE Capital | General Mills | Goldman Sachs & Co. | Goodyear Tire & Rubber | Goya Foods | Hermés | HILB, Rogal & Hamilton

IDEC Pharmaceuticals | Invensys | Jabil Circuit | L’Oreal | Mastercard International | McDonald’s | Merrill Lynch | Nike | NEC Technologies

Nestle | NOKIA | Nortel | Per-Se Technologies | Pitney Bowes | Phillip Morris | Procter & Gamble | Prudential Corporation | Ralston Purina

Ropes & Gray | Sprint PCS | State Farm Insurance | Stone Webster | Target | Terayon Communications | TMP Worldwide | Toro Company

Unisys | UPS | U.S. Dept. of Agriculture | Walgreen’s | Warner Bros. | Wells Fargo Bank

For more information, please visit the ONCOR International Website: www.oncorintl.com


Broker s opinion of value report

DAUM AFFILIATIONS

DAUM uses its affiliation with ONCOR International, SIOR, CCIM, CIREI, ICSC, AIR and other professional organizations to provide seamless professional services to clients wherever needed.

O N C O R I N T E R N A T I O N A L

ONCOR International is a premier global commercial real estate referral network. A subsidiary of Realogy Corporation, ONCOR is composed of more than 50 independent commercial real estate partner brokerages that employ more than 1,800 individual sales associates working from over 170 offices in 32 countries. In 2009 ONCOR International members were collectively responsible for approximately $13.2 billion in commercial real estate volume and over 11,800 commercial real estate transactions. ONCOR specialists provide commercial corporate services for clients through affiliated offices covering over 220 global markets on six continents. Core competencies of ONCOR members include: office, industrial and retail leasing, investment sales for both institutional and private investors, asset and property management, corporate services, tenant representation, financial services, facilities management and development services.

The Society of Industrial and Office Realtors (SIOR) is an international organization of experienced, credentialed commercial real estate professionals who specialize in industrial and office real estate. There are approximately 1,800 SIOR members worldwide. DAUM has SIOR members in most of its offices and can provide its clients with the many benefits that SIOR membership affords them.

An organization of commercial real estate professionals specializing in retail real estate. Members include retailers, developers and owners of retail properties, brokers, property managers, etc.

The American Industrial Real Estate Association has over 1200 members in approximately 250 commercial real estate firms in Southern California. Since 1960, AIR has provided the benefits of a multiple listing service strictly for industrial and office properties, standard lease forms and purchase offer forms. DAUM is an active participant in AIR.

As economies throughout the world are adjusting to the formation of new markets and increased free trade opportunities, the role of the commercial real estate professional is more important than ever. A Certified Commercial Investment Member (CCIM) is a recognized professional in commercial real estate brokerage, leasing, asset management, valuation, and investment analysis. As an experienced expert, a CCIM is an invaluable resource to the commercial real estate owner, investor, and user.


Broker s opinion of value report

PROPERTY MANAGEMENT

INTRODUCTION

  • Property Management Services

  • Commercial property management services include revenue management and enhancement, building maintenance and engineering, financial management and planning, lease administration, leasing support, and tenant relations.

  • Corporate facility services are designed to manage facilities as a “means of production” to support core business functions through contract administration, capital planning and operational budgeting, emergency and disaster planning, furniture and equipment purchase and inventory, energy/utility efficiency studies, building engineering and maintenance, and code compliance management.

  • Accounting Services

  • Portfolio and asset management services combine essential property and facility management functions with strategic real estate investment capabilities to integrate property operations, leasing strategies, and marketing management; financing; hold/sell analysis; financial reporting; capital planning; and capital improvements.

  • Construction Services

  • Business moving/construction management includes project management, tenant and capital improvement, construction, technology installation, furniture installation, and move coordination

  • Development services include land due diligence and acquisition, entitlement, design, cost feasibility, financing, and construction administration.

Specializing in office buildings, medical and research projects, shopping centers, and industrial parks, DAUM Property Management Services creates value in real estate for institutional and private investors, corporations, and nonprofit foundations through a broad spectrum of property management capabilities, resources, and expertise. In every assignment, DAUM designs and delivers a scope of services designed to meet the client’s unique investment or corporate objective.


Broker s opinion of value report

PROPERTY MANAGEMENT

SERVICES

  • Property Oversight

  • Conduct a thorough review of each property’s operating systems and procedures.

  • Implement a preventive maintenance program of the mechanical equipment and systems.

  • Inspect and inventory all existing systems, tools and supplies to assess their useful condition and immediate purchase needs.

  • Review and maintain as-built drawings and specifications on file for completeness.

  • Review energy conservation programs and implement new procedures, as necessary.

  • Review security and emergency procedures in place and modify, as necessary.

  • Implement tenant service hot-line and establish standards for response timing.

  • Negotiate vendor service contracts to ensure the most competitive pricing possible.

  • Ensure that each property achieves the highest possible “curb appeal.”

  • Implement monthly property inspection procedures and incident reporting system.

  • Insurance Tracking

  • Evaluate, confirm, and document tenant and vendor insurance coverage

  • Automatic tracking of insurance certificates and endorsements to insure that tenants and vendors have the appropriate insurance to cover claims for which they are responsible

  • Insurance tracking practices also cover owner insurance documentation, property insurance investigations and claims procedures, liability inspection practices, and project safety checklists.

  • Help Desk Services

  • Monitor tenant service calls to ensure tenant satisfaction and retention, which will ultimately, increase property values.

  • Insure timely response to tenant calls and work order requests and track them from start to final posting

  • Make sure the property team via the help desk is always on-call and available to respond to service requests and emergencies.

  • Track and trend service calls and compare them with portfolio database to gauge the performance of property team and identify opportunities for operational process improvements.

  • Tenant Relations

  • Meet with key tenant contacts on a regular basis, review immediate tenant concerns, and identify the service factors that drive tenant satisfaction.

  • Continually solicit tenant feedback in order to build and maintain positive tenant relationships

  • Evaluate past operating practices in terms of impact on service and satisfaction levels.

  • Examine existing tenant services and work order processes and develop enhancements and/or modifications as necessary

  • Review existing Emergency Procedures Manual and advise tenants of any changes in information. If needed, distribute a revised Manual.

  • Consider with ownership, the implementation of special services such as tenant appreciation programs and tenant satisfaction surveys.

  • Vendor Management & Contract Administration

  • Grade and monitor suppliers of goods and services in the areas of commitment to quality service, price/value, responsiveness, and ability to anticipate needs.

  • Review existing service contracts; examine scope of services, specifications and costs.

  • Evaluate quality and performance of products and services; identify contracts to re-bid and timing of the re-bid process.

  • Review opportunities to establish incentive based contracts which reward superior performance and tenant satisfaction.

  • Prepare RFP packages, competitive bid and award contract services (including analysis, review, and negotiation).

  • Review contract documentation and set up standard contact files as well as prepare comprehensive contract abstracts summarizing each service agreement.

  • Review current vendor billing process procedures and service provider insurance.

  • Management Services Reporting

  • Prepare a Management Services Report immediately following the completion of each month’s activity for review by ownership.

  • Include in Report a review of significant operating activity a teach property during the reporting period with a breakdown of the work order requests.

  • The monthly documentation serves as a “report card” of the operations efforts at each property, and repeatedly focuses on the property team’s efforts and progress toward ownership’s overall goals during the year.


Broker s opinion of value report

PROPERTY MANAGEMENT

ACCOUNTING SERVICES

  • Financial Accounting Services

  • Review tenant leases to verify accuracy in tenant billings.

  • Set up financial accounting systems (utilizing the Skyline financial software reporting package) for each project with respect to such items as: lease abstracts, lease options and other critical dates, tenant invoicing, and accounts payables.

  • Review current parking situation and associated billings to ensure that the billings are correct.

  • Set up each project’s current approved budget in the property accounting system.

  • Review existing receivable and payable balances. Identify any problems and resolve them.

  • Oversee the payment of property taxes (and mortgage payments, if applicable) and the filing of necessary paperwork.

  • Establish and maintain property operating bank accounts, collect rents and pay property operating expenses.

  • Ensure that strong procedures are in place and followed for the prompt collection of all revenue due owner, thus resulting minimal receivables balance and the maximization of each project’s income.

  • Prepare and deliver monthly rent statements to tenants.

  • Prepare and review monthly financial statements with owner representatives. Discuss and implement any agreed upon changes.

  • Budget Preparation

  • Develop detailed annual operating expense and capital expense budgets in standardized formats.

  • Set up budgets in the accounting system and include detailed and time-phased documentation of the expected revenue and expenses as well as appropriate explanation of all relevant assumptions.

  • Developed in this manner, the budget becomes a working document for the property manager and owner alike, and real world variances can be translated into specific management actions to insure achievement of the bottom line projections.

  • Escalation Reviews / Operating Expense Billing

  • Prepare CAM and operating expense reconciliations and escalations, operating expense billings and adjustments, and ensure OE collections.

  • Examine tenant operating cost escalations that have been billed; assessing whether or not escalation calculations have been performed in accordance with lease provisions and industry standards.

  • Scrutinize costs to ensure that non-escalating costs have been correctly omitted.

  • Financial Reporting

  • Prepare a Comprehensive Financial Management Report immediately following the completion of each month’s financial activity for review by ownership.

  • Include in the Report a review of the overall financial activities (revenues, expenses, capital improvements, etc) at the property during the reporting period.

  • Include in the Report additional documentation such as budget comparison reports (monthly and year–to-date) monthly general ledger, rent roll, lease expiration report, vacancy report, delinquency aging report, and activity reconciliation report.


Broker s opinion of value report

PROPERTY MANAGEMENT

CONSTRUCTION SERVICE

  • Construction Supervision

  • Construction supervision services encompass tenant improvement, renovation and retrofit projects.

  • Construction supervision services include scope of work development, selection of qualified design consultants, budget preparation, solicitation and selection of contractors, competitive bidding (analysis, review, negotiation, and contract reward) space planning assessment, schedule adherence, contract administration, payment management, and conflict resolution.

  • Insure client’s best interests are always being served with onsite inspections and constant monitoring of the construction process.

  • Formal control systems provide realistic and attainable budgets, minimize disruptions to the existing tenants and building operations, and include proper punch-list follow-up procedures and formal close-out measures.


Broker s opinion of value report

DAUM AND LOS ANGELES:A PARTNERSHIP FOR SUCCESS

In the early 1900’s, the City of Los Angeles was an emerging metropolis, teeming with entrepreneurial spirit. It was here where William H. Daum first came to the city as an agent for the Santa Fe Railway. Recognizing that the best way to build commerce was to attract new businesses, Daum founded Los Angeles’ first commercial real estate brokerage firm in 1904, a venture that was instrumental in bringing more than 6,500 companies into the fledgling Los Angeles market and helping the city grow into one of the most commercially and culturally relevant marketplaces in the world.

More than a century later, as Los Angeles’ strategic position in the global economy continues to place greater demands on its real estate, DAUM’s vision is more alive than ever. Remaining true to its core values, DAUM continues to serve as a visionary partner for its real estate clients, helping them to better position their businesses and take full advantage of developing local, regional and global opportunities. DAUM continues its legacy of providing best-of-class services in office, industrial, corporate, retail and investment properties.

Founder W.H. Daum, Sr., son Richard H. Daum, and son W.H. Daum, Jr.; circa 1965

DAUMs Corporate HQ Today

Perhaps the most important catalyst to Los Angeles’ commercial success has been its ability to reinvent itself. The city’s first wave of industrial development occurred within a five-mile radius of downtown, and was limited to basic industries, such as chemicals, tires, oil and steel. Today, the LA industrial landscape spans virtually every industry and has moved to new markets, far from downtown. DAUM has responded by working to understand the individual needs of each client and providing customized solutions to maximize the utility and value of their real estate wherever it might be.

From its days as a small outpost in the far western corner of the United States to its current status as a thriving metropolis that sets the tone for global commerce, a constant remains in Los Angeles; DAUM. From the first freight company that William H. Daum convinced to move west to the many thousands of corporations represented by DAUM since, Los Angeles and DAUM have an unparalleled partnership based upon vision, growth, and ultimately success.

Pico House, downtown Los Angeles in the early 1880s

Pico House, downtown Los Angeles (2005)

One hallmark of the Los Angeles marketplace is its ability to grow on a regional scale. Beginning as a concentrated, downtown center, Los Angeles County now spans more than 4,061 square miles and 88 incorporated cities. With eight offices throughout southern California and one in Phoenix, Arizona, DAUM is ideally positioned to address the commercial real estate needs of the greater Los Angeles basin and beyond.

Los Angeles is also one of the world’s most international cities, encompassing a vibrant potpourri of cultures from all over the world. The international reach of the city coincides with DAUM’s global real estate capabilities, with its affiliations and worldwide partners. While DAUM remains a local leader, it has expanded its services to encompass key markets throughout the world.


Broker s opinion of value report

CLIENT SATISFACTION, REPEAT BUSINESS:A DAUM HALLMARK

Such strong support for DAUM has its roots in the early part of the 20th-century when Daum established itself as a pacesetter in the dynamic growth of the West. During this time the unrivaled vision of DAUM attracted such familiar names as Goodyear Tire & Rubber Company to build major plants in the region.

“I’d like to express my appreciation for your (DAUM) invaluable contribution to the Technicolor transaction. As you know, this 300,000 square foot lease represents the largest industrial warehouse lease in Ventura County in over five years. However, as significant as that fact is, it does not begin to convey the complexity that characterized negotiations… and your professional conduct.”

Raymond W. Love

Vice President and Investment Manager Wells Fargo Real Estate Equity Fund

“… I would like to bring the services of DAUM’s office division to your attention. Your knowledge of the Orange County office market, ability to negotiate to the specific needs of my company and coordinate a smooth conclusion to our lease was key to this assignment’s success and assisted my department significantly .”

Patrick J. Branin

Director, Wyeth-Ayerst Laboratories, a Division of American Home Products

“It has been a pleasure to have had both the working relationship and the technical real estate support of your DAUM real estate office as I pursued the possibilities for expansion and relocation for Rockwell Network Systems. I am most appreciative of your prompt response to our special needs.”

Thomas W. Vestal

Manager, Facilities, Rockwell Telecommunications

  • Providing Clients with Profitable Solutions

  • Ongoing Concern for Client

  • Unrivaled Local and Regional Market Expertise

  • Advanced Technical Support

  • Prompt Response to Special Needs

  • Client Peace of Mind

  • Full Range of Services

  • Client Satisfaction

  • Understanding Client Needs

Since that time, numerous leading corporations, representing a broad range of business activities, have followed that lead in engaging DAUM’s talents. Rubbermaid, Northrop, Sanyo, Medtronic, Chevron, Michelin, AmerisourceBergen, Adidas America, Master Halco, Honeywell Aerospace, Nikota USA, Tatung, Reitek and the Automobile Club of Southern California are just a few of these outstanding names.

Clearly, DAUM has rightly earned this enviable standing within the corporate and real estate communities.

We have listed a few of the numerous accolades afforded DAUM by its satisfied clients. DAUM views such expressions as its most important qualification for establishing a similar association with your company.

DAUM continues to attract clients not only because of its full range of real estate service, but enhances this appeal on the strength of its global outreach through strategic affiliations, complemented by its unrivaled local and regional market expertise.


Broker s opinion of value report

A PIONEERING GROWTH

Early on, the leadership of DAUM recognized the critical importance of communication and personal service in satisfying clients’ needs. This expressed itself in the excellence of the full range of contemporary real estate services – from industrial and office brokerage to property management and investments – provided by DAUM in market areas within which the company achieved unrivaled expertise.

  • 100+ Year Heritage

  • Early Vision

  • Leadership Position

  • Full Range of Services

  • Cutting Edge Technology

  • Personal Service

  • Commitment to Client Needs

“Just as in the days of its visionary founder, Daum continues to provide its clients with the highest level of professional service - today and tomorrow.”

While others failed to envision the future with similar clarity, this foresight enabled DAUM in its formative years, to attract such household names as Goodyear Tire & Rubber Company to build major plants in the area. A series of similar DAUM-driven transactions followed with equally impressive names like Firestone Tire. Many companies saw the promise of the West, after countless cross-country marketing missions by DAUM officials.

The priority DAUM placed on communication and personal service also revealed itself in corporate growth in market coverage as DAUM opened new offices in a timely manner in emerging markets, while thoughtfully expanding services to meet the changing needs of its clients.

With the new Century underway, DAUM continues to be committed to maintaining its sensitivity to personal service and communication. Yet, DAUM is not resting on its laurels. The company is dedicated to offering the benefits of cutting edge technology regarding how market data is gathered and disseminated, in the interest of making certain DAUM’s clients receive the best information at the earliest moment in order to assure sound decision-making.

Accordingly, DAUM employs the latest in communications technology, both for generating current market data for clients, while achieving state-of-the-art internal communication via a modern computer network unifying its offices throughout Southern California and Arizona.

Just as in the days of its visionary founder, DAUM continues to provide its clients with the highest level of professional service - today and tomorrow.


Broker s opinion of value report

RESPECTED CLIENTS, REPEATBUSINESS, GLOBAL OUTREACH

A hallmark of a leading commercial real estate company is, in fact, the company it keeps. Repeat business with a diversity of satisfied corporate clients over a broad geographic landscape enhances this reputation with the values of respect and trust.

DAUM has earned such a reputation, one time-tested and growing. Since 1904, DAUM has assisted a “who’s who” of household names and leaders of Corporate America in satisfying their real estate needs.

A partial list of DAUM’s valued clients follow:

Ace Hardware Corporation

Adidas USA

AEGON USA Realty

Allied Chemical Corporation

Allis-Chalmers Corporation

Allstate Imaging Supply

AMB

American Cyanamid Company

American Electronics Association

American Honda Motor Company

American Hospital Supply Corporation

American Isuzu Motor Company

American Savings Bank

AmerisourceBergen

Amoco Chemicals Corporation

Anheuser-Busch, Inc.

Armco Steel

Armor All

Ashland Oil

Atlas Van Lines

Automobile Club of So. California

Avon Products

Baker Hughes, Inc.

Bank of America, N.T. & S.A.

Bank of California

Bank of the West

Beal Bank

Beatrice Foods

Betchel Corporation

Bekins

Bell & Howell Company

Birtcher Pacific

BMW of North America

Boeing

Brinker International

Brinks Armored Car Services

Brinks, Inc.

Burger King

Burroughs Corporation

C & R Clothiers

Cabot, Cabot & Forbes

Cabot Partners

Carls Jr.

Catalina Furniture

Catellus Development Corporation

Certified Grocers Company

Chesapeake Consumer Products

Chevron Petroleum

Chief Auto Parts

Chrysler Credit Corporation

Citibank of Arizona

City of Los Angeles

City of Moreno Valley

City National Bank

Classic Properties

Combustion Engineering

Conair Corporation

Conoco Oil Company

Consolidated Foods Corporation

Consolidated Freightways, Inc.

Container Corporation of America

Cort Furniture

County of Riverside

County of San Bernardino

Crown Zellerbach Corporation

C.S. America, Inc.

Digital Equipment

Dole Food Corporation

Dominos Pizza

Dow Chemical

Dresser Industries

Duckett Wilson

E.F. Data/California Microwave

E.I. DupontDeNemours & Company

E.R. Squibb & Sons

Eastman Kodak, Inc.

ELS Brake Parts

Emerson Electric Company

Equitable Life Insurance

Equitable Real Estate Services

Evergreen International

Fairchild

Falcon Products, Inc.

Farmer Brothers Coffee

Fedco, Inc.

F.D.I.C.

Federal Express

Federal Mogul

Firestone

Flying Tigers

Frito-Lay, Inc.

Fujita Property Management

Gates Rubber Company

General American Life Insurance Co.

General Dynamics

General Electric Company

General Foods Corporation

General Motors Corporation

Georgia-Pacific, Inc.

Global Van Lines

Goodwill Industries

Goodyear Tire & Rubber Company

Great Western Bank

GTE of California

H & R Block

Hallmark Cards, Inc.

Harman International

Harte-Hanks Communications

Hertz

Hewson Development Corporation

Hirsch International Corporation

Honeywell Aerospace

Host International

Hubbell Industries, Inc.

Hughes Aircraft

Hughes Electronics

Hughes Tool Company

Hunt-Wesson Foods, Inc.

IBM Corporation

Improv Comedy Clubs & Restaurants

Intec Corporation

Intel Corporation

International Harvester Corporation

International Paper

International Tel & Tel Corporation

ITT Financial

ITT Industries

J.P. Stevens, Inc.

JC Penney Company, Inc.

K.F.C. Corporation

K-Mart Corporation

Kaiser Permanente

Kelly Services

Kern Foods, Inc.

Kidde

Kilroy Realty Corporation

Kiva Container

La Jolla Bank & Trust Company

Leach Corporation

Little Caesar’s Pizza

Little Tykes/Rubbermaid, Inc.

Lockheed

Lusk

Malbert Mitchell Grinding

Master Halco

McDonald’s

Medtronic

Meyer Properties

Michelin

Micropolis Corporation

Minolta Business Equipment

Mitsui Fudosan

Montgomery Ward & Company

Motorola, Inc.

Nalco Chemical, Inc.

National Bank of So. California

National Car Rental

National Pacific Mortgage Company

Nexxus, Inc.

Nissan Carbide

Norelco Industries, Inc.

Norris Industries, Inc.

Northrop Corporation

Northrop Grumman

Norwest Mortgage Corporation

Ogden Entertainment Services

Oltmans Construction Company

Omni Bank

Orange National Bank

Orgill

Owens Corning

P.D.A.

Pacific Gulf Properties, Inc.

Pacific Mutual Life Insurance

Pacific Telephone & Telegraph

Packard-Bell Electronics

Paramount Pictures

Parker-Hannifin Corporation

Payless Shoes

Payless/Thrifty Drug

Penske Corporation

Pep Boys Stores

Pepperdine University

Phelps Dodge Corporation

Pier 1 Imports

Pilkington Aerospace

Playtex International

Potlatch Corporation

PPG Industries

Prentiss Properties

Presson Advisory L.L.C.

Price/Costco

Price Investments

Price REIT

Principal Financial Group

Prudential Insurance Company

Purex Corporation, Ltd.

RGR Development Corporation

Radio Corporation of America

Ralphs Grocery Company

Raytheon Corporation

Reitek

Revlon/MacAndrews & Forbes

Rockwell International

Roger Dunn Golf

Rubbermaid Corporation

Ryder Trucks

S.S. Kresge Company

Safeway Stores, Inc.

Sammis Company

Santa Fe Pacific Realty Corporation

Sanwa Bank of California

Sanyon Fisher (USA) Corporation

Scott Paper Company

Scotts Lawn Company

Sears, Roebuck & Company

Smart & Final

Southern Pacific Trans. Company

Southwest Forest Industries

Sport Chalet

Standard Brand Paint Company

Stater Brothers Markets

Stroud’s Linens

Subway Sandwiches

Sumitomo Marine Management (USA)

Sunstrand Data Control

Surf Management, Inc.

Taco Bell

Tandy Corporation

Tatung

Teledyne

Telex

Texaco

Textron, Inc.

The Boys Market, Inc.

The Carlson Company

The Clorox Company

The Greyhound Corporation

The Hewson Corporation

The Koll Company

The Limited

The RREEF Funds

The Sony Corporation of America

The Vollrath Company, Inc.

3M Company

Tillotson Corporation

Times Mirror

Tinsley Laboratories

Topdanmark Bank, N.A.

Toys `R’ Us

Trammell Crow Company

Trus Joint MacMillan

TRW, Inc.

Tutor/Saliba

U.S. Bank Corporation

Union Bank

Union Carbide

Unisys Corporation

United Artists Theatre Circuit

United Companies

United Parcel Service

United States Gypsum Company

United States Steel Corporation

United Technologies Packard

Uno-Cal of California

Valley National Bank of Arizona

Value Property Trust

W.J. Schaefer, Inc.

Walker Manufacturing-

A Division of Tenneco Automotive Inc.

Watt Industries

Weingard Foundation

Wells Fargo Bank

Westco Products

Western Digital

Western Electric Company

Westinghouse Electric Corporation

Weyerhauser, Inc.

Xerox Corporation

YKK (U.S.A.) Inc.


Broker s opinion of value report

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