Real Estate Broker Services

The Vendor is required to provide in commercial real estate to provide brokerage, marketing, advisory, and other associated services for the sale and/or lease of properties owned by the city.
- The City's goal is to sell or lease properties for future development to create jobs and increase the City tax base.
- Professional real estate services that may be required:
• Competitive market analysis (CMAS).
• Advertising plan(s).
• Promotion venues - (refers to how and through what venues you attend to promote the property).
• Develop sale and/or lease strategies.
• Develop and distribute marketing materials to potential buyers and/or tenants and report results to the city on an agreed upon frequency.
• Participate in site tours and/or other events concerning a showing of the property.
• Analyze and qualify offers from potential buyers.
• Presentations at public meetings may be required.
• Recommendation or repair, inspection or maintenance issues that are critical to the ability to sale or lease the property
• Showing of properties.
• Negotiating with buyers on behalf of the city.
• Property listing and sales services.
• Conduct background checks, credit and reference checks on any tenants.
• All other customary brokerage activities and services associated with real estate transactions.
• Establish a national and local marketing strategy that employs multiple types of advertising including, but not limited to, internet exposure (MLS, costar, LoopNet, etc.), signs, email blasts, trade group event attendance, alternate trade publication strategies, etc.: to yield the highest financial benefit for the city.
• All advertising is at the expense of the broker/agent.
• Accurately list the property with the multiple listing services (MLS) and any other appropriate listing service for this type of property.
• Provide technical assistance and advice on the presentation of the property for sale or lease.
• Study the relevant market factors and advise the city on how current market conditions may affect the sale or lease of the property.
• Prepare a list of comparable sites and their asking prices or rents and recommend a listing price or rent, tenant improvement levels, and concessions.
• Identify competing properties and how the city property may compete successfully.
• Coordinate real estate appraisals.
• Identify the type(s) of buyers or tenants that would be attracted to the property.
• Determine that the buyer or tenant is qualified financially to close the purchase or lease.
• Forward offers to the designated city contact person for consideration of sale or lease.
• Assist with the sale or lease negotiations for accepted offers.
• Assist with all pre-closing, closing and post-closing matters.
- Contract Period/Term: 3 years
- Questions/Inquires Deadline: March 10, 2025