Dan Stiebel
ABOUT
Dan Stiebel specializes in commercial real estate (CRE) sales and leasing and is based in Traverse City, Michigan. Dan's ability and experience sets him apart from other agents. He has an impressive history of sales and leasing from National, Regional, and local businesses. Dan is very familiar with office, retail and industrial properties in the Grand Traverse Region. He has the ability to facilitate transactions by navigating through the complex process of financial analysis, negotiation, zoning, environmental concerns, inspections, tax deferred exchanges, lease analysis and cutting edge marketing techniques. Whether it is Office, Retail or Industrial space that you are looking to buy, sell or lease, Dan is the specialist you are looking for. ### Personal Profile Residential and commercial property aquisition and management experience Extensive knowledge of Traverse City and the surrounding area Free market analysis of your property - know its value Evaluation, renovation & renewal of older properties Experience in financial analysis, business evaluation, book keeping & investment Experience running an independent small business Information on inspections, appraisals, surveys, mortgages and more ### Primary Specialization General Commercial Real Estate ### Qualifications CCIM (Certified Commercial Investment Member) Member of the National Association of Realtors, Michigan Association of Realtors & Traverse Area Association of Realtors ### Secondary Specialization Office General Commercial Real Estate ### Specialties 1031 tax deffered exchanges Commercial Sales & Leases ### Welcome Message If you're dealing with commercial real estate, call Dan who is a specialist that you can count on!
Recent articles
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InsightsInflation in the Economy Impacting Commercial Real Estate
Inflation has been on everyone’s minds lately as increased prices are affecting the entire economy and driving up costs for food, consumer goods, labor, housing, and commercial real estate. To help curtail inflation, the Federal Reserve Bank has been raising the target interest rate with three increases since March of this year for a total increase of two full percentage points. By increasing interest rates, the fed works to cool demand for products and services (by dissuading borrowing) which helps prices come back down to a more normalized growth rate. That means payments normally made with borrowed funds, such as real estate, become even more expensive. In fact, the 2% increase in interest rates equates to about 40% higher payments for borrowers of commercial real estate who typically borrow funds with a 20-year amortization rate. I was recently listening to the Commercial Investment Real Estate Podcast produced by the CCIM Institute and Martha Peyton, PhD., who is the global head of real estate research at Aegon Asset Management. Peyton shared some interesting observations on inflation and its effect on commercial real estate. Through analyzing historical data, she noticed that when inflation hits, people look to purchase CRE as an inflation hedge. While this is a fact supported by past transactions, she delved deeper to find out why. One of the main reasons that CRE is a sound investment during inflationary periods is that commercial leases have escalation clauses giving the landlord the ability to pass along common area maintenance (CAM) costs to the tenant, so as costs increase, net income remains strong. Short-term leases, such as apartment leases which are often one-year, are especially good because rents and terms can be adjusted easily. This is exactly what Redfin reported as happening, with asking prices for rental housing increasing an average of 17% this year nationally.
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InsightsInflation? Stagflation? What Happens if Prices Keep Climbing?
The prevailing thought about the Federal Reserve stimulating the economy with injections of newly printed money, to rebound from the COVID-19 pandemic, is that inflation will be temporary. The Fed has assured us that as production gets back to normal, prices will come down to stabilized levels and this will keep our economic engine humming as it did before the pandemic. But what if higher labor costs and rising housing expenses are the new normal and don’t come back down?
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InsightsLet’s Compromise…The Art of Negotiation
I’ve always enjoyed a good debate, conversation, or negotiation. I started honing my negotiation skills at a very young age, thanks to my mother. She would offer me a cookie and I would counter-offer by asking if I could have four or five. She would say “Why don’t you start with one or two?” In my mind I just got her to double her initial offer! I would often end up with three cookies in exchange for being a happy child, and a promise to eat my dinner. A 300% increase from the initial offer and more than enough to satisfy my desire. Now, I find myself negotiating in so many aspects of my real estate career. It is not just the price of a property for my client nor the time frame it will take to close—the negotiations include: listing agreements, lease terms, contingencies, repairs, inspections, personal property, tax prorations, build-out costs, rent commencement dates, asking price, personal guarantees, and cost-sharing, just to name a few. Over the years, I have learned many traits of a good negotiator and skills to help my clients reach their goals.
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IndustrialAcquiring Commercial Property and Environmental Audits: Do I Need One?
When purchasing any commercial property, it is important to know the history of that property and find out if there might be environmental contamination that could impact plans for, or the occupants of the property. In order to thoroughly evaluate a property and shield a new owner from liability for existing environmental issues, it is important to conduct a Phase 1 Environmental Site Assessment (ESA).
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