Mark Wagner Jr

🏢 CRE TERM OF THE DAY: Estoppel Certificate

If you’ve been involved in a commercial lease, property sale, or refinance, you may have heard the term “estoppel certificate.” But what exactly is it?

An estoppel certificate is a document completed by the tenant that confirms important details about their lease, including:

🔹 Current rent and other charges
🔹 Lease commencement & expiration dates
🔹 Security deposit information
🔹 Whether the lease has been modified
🔹 Whether either party is currently in default
🔹 Any outstanding obligations or agreements

Why does it matter? During the sale or financing of a commercial property, buyers and lenders use the estoppel to verify that what the lease says—and what the landlord has represented—matches the tenant’s understanding.

💡 For tenants: Don’t treat an estoppel as “just another form.” Review it carefully against your lease and amendments before signing.

Commercial real estate has a language of its own. Knowing these terms can help you better understand your lease and protect your interests.

📍 OMNI CRE
Commercial Real Estate | Arizona

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📍 531 E University Dr | Mesa, AZ 85203

This ±1,400 SF open-plan property offers a flexible footprint ready to adapt to a variety of professional uses. With a private restroom, kitchenette, open workspace, and a clean contemporary exterior, the space provides an excellent opportunity for an owner-user, investor, or growing business.

Potential uses include:
• Creative studio
• Professional or consulting office
• Boutique clinic
• Collaborative workspace
• Retail or experiential concepts

🚗 On-site surface parking
🚦 ±20,500 VPD on University Dr
📐 Approx. 51’ × 26’
📍 Central Mesa location

Bring your vision and make the space your own.

Interested in learning more or scheduling a tour? Send me a DM.

Super proud of my little buddy! Shows up each Monday and does work! He’s been making amazing progress at his form, technique, agility, etc!

Congrats to my client and new friends Masters Dance Club on getting keys to their new ballroom in Scottsdale! If you’re looking to shake your tail feather or learn the waltz, they are the right people for you! Super excited to see their growth!

25 years seems like forever yet remember like it’s yesterday. Strolling back from my 8am class not knowing what had just happened. Walking into my dorm to see everyone huddled around the tv to see the 2nd plane crash into tower 2.

25 years is long enough for a new generation to curiously ask me what was flying like pre-9/11 yesterday. I said my fondest memory was being able to great mom at the gate when she would come home from a work trip.

25 years is long enough to remember but never forgotten. Visiting the memorial was a surreal experience etched in my brain. Seeing the names on the memorial and walking through the museum took me right back to the day.

25 years…. Never forget

🚨Coming soon🚨

VERSATILE CANVAS FOR YOUR VISION 🏢

📍 531 E University Dr | Mesa, AZ 85203
📐 ±1,400 SF | 51’ × 26’

This open-plan property offers a flexible footprint ready to adapt to a variety of professional uses. The expansive main space features an open layout with modular potential, along with a private restroom and convenient kitchenette, creating a self-contained space that can evolve with your business.

Whether you’re envisioning a modern office, insurance agency, satellite law office, consulting space, creative studio, boutique clinic, retail concept, or collaborative workspace, the clean contemporary design and flexible open layout provide plenty of opportunity to customize the space to fit your business and vision.

✨ Flexible open floor plan
🚻 Private restroom
☕ Kitchenette
🚗 On-site surface parking
🚙 Approx. 20,500 vehicles per day on University Dr
📍 Convenient Mesa location

Adapt it. Customize it. Make it yours.

Interested in learning more or scheduling a tour? DM me for details.

Morning cortado makes everything right!

Cheers on this Monday!

LEASING 101 🏢🔑

Finding a commercial space is easy. Finding the right space , with the right lease terms, is where having representation matters.

A commercial lease is more than just the monthly rent. Before signing, tenants should understand:

• Base rent + NNN/CAM expenses
• Annual rent increases
• Tenant improvement allowances
• Free rent / rent abatement
• Personal guarantees
• HVAC responsibilities
• Renewal & expansion options
• Exclusivity and use clauses
• Assignment & subletting rights
• What happens when it’s time to exit

The terms you negotiate today can have a major impact on your business for the next 5–10 years.

Leasing 101: Don’t just negotiate the rate. Negotiate the lease.

Commercial rent is more than the number on the listing.

A space advertised at $5,000/month can look very different once you factor in NNN expenses, utilities, insurance, maintenance obligations and annual rent increases.

When we represent a tenant, one of the most important things we do is evaluate the true occupancy cost, not just the asking rent.

The right space needs to work for your business operationally AND financially.

Thinking about opening, relocating or expanding your business? Let’s talk before you start touring spaces.

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