Commercial real estate FAQ

Yes, the first 10-minute Zoom chat with Sean Phillips about your commercial real estate property or requirement is free. It is booked through Sean's Calendly and is used to understand your situation and decide on next steps.

Advisory work beyond that first chat, such as a written opinion of value or a hold-versus-sell analysis, is paid. It is quoted per property before any work starts.

Yes, Sean Phillips is licensed across British Columbia and handles commercial property outside the Okanagan as well. He works from a Vernon base and covers the Okanagan, Kamloops, the Kootenays, the Fraser Valley, Metro Vancouver, Vancouver Island and northern BC.

Distant properties usually start with a video review, and on-site visits are scheduled or quoted as needed.

Yes, Sean Phillips handles commercial leasing for both landlords and tenants. He works for landlords who need to fill space and for businesses looking for space or reviewing a renewal. He helps with pricing, marketing, finding space and negotiating the offer to lease.

Your lawyer should always review the final lease.

No, an opinion of value is not the same as an appraisal for commercial property. A REALTOR's opinion of value is based on comparable sales, income and market conditions, and is useful for pricing and decisions.

An appraisal is a formal report by a qualified appraiser, often an AACI, and is usually what lenders, courts and some tax matters require. Sean can work alongside an appraiser when one is needed. Check with the lender, court or tax authority involved to confirm which one they require.

Sean Phillips sells industrial and warehouse buildings, retail, office, multi-family apartment buildings, hotels and motels, commercial strata units, development land, and agricultural and greenhouse property.

Cannabis and controlled-environment facilities are handled through his specialist site, 420 Commercial Real Estate.

Before selling a commercial property in BC, gather the title, any leases, a current rent roll, and two or three years of operating statements. Property tax and utility bills, building permits, and any reports on condition or environmental history are also useful.

Missing items are normal. Sean Phillips helps gather them before the property goes to market.

Yes, a sale-leaseback often lets you sell your commercial building and keep operating from it. You sell the property to an investor and sign a lease so your business can stay in place. This can free up capital, but it changes your costs and control. See the sale-leaseback guide on this site, and get advice from your accountant and lawyer before deciding.

No, BC Commercial Real Estate is not a brokerage; it is the name Sean Phillips, REALTOR®, uses for his commercial practice. Sean is licensed with Coldwell Banker Executives Realty in Vernon, BC, and all trading services are provided through that brokerage.