Ron Schooler
rschooler@providencereg.com, Providence Real Estate Group
Scottsdale, AZ 85253
Senior Commercial Real Estate Broker for Commercial Properties
Phone (602) 469-3750
Senior Commercial Real Estate Broker for Commercial Properties
Specialties
Investment Sales Broker, Tenant Rep
Property Types
Industrial, Office, Retail, Flex, Health Care
Markets
Phoenix
Bio
Ron has over 36 years of experience in the metro Phoenix commercial real estate market. He specializes in medical, general office, industrial and retail income producing properties and has negotiated over 2,500 sales and lease transactions in his career.
He has an in depth knowledge of all aspects of a commercial real estate transaction. His clients have benefited from his experience in negotiating leases, handling the tenant improvement process and all aspects of the acquisition/disposition process from either the buyer or sellers’ perspective. Once a property has been identified he will be involved in the entire process from letter of intent through close of escrow including the following major milestones:
Property Analysis:
Assisting Buyer/Seller with recommendations, as requested, of title companies, attorneys, financing options, review of property details such as land size, parking, zoning, RSF review, third party reports, contractors etc., those services or individuals associated with aspects of the physical property and/or the Purchase & Sale Contract process.
Financial Analysis:
Due diligence review of property i.e., income, expenses and verification, analysis of existing or new debt, projected NOI, cash on cash and I.R.R. estimates, review of forecasted tenant improvements, lease commissions and capital expenditure estimates for the property etc. This detailed analysis is performed to find potential financial or material discrepancies whether he is representing the seller, buyer or both. The financial analysis is completed by reading each lease and providing the seller, buyer or both, a lease abstract spreadsheet for individual tenant details and then importing the financial information into an Argus financial program to allow for review, verification and forecasting of estimated financial returns.
His thought process is the better the due diligence, the better the increased probability of success in the projected financial returns of the individual property. The bottom line is every acquisition/disposition has risk, but it should be managed risk through extensive due diligence verification, in conjunction with ultimately the greatest commercial real estate tool of them all “common sense.”
Real estate is not “location-location-location” as is often stated. It is location, market knowledge, due diligence, financing, common sense and ultimately timing. To meet the financial objectives of buyers and sellers, it is necessary to have a thorough understanding of the first five objectives stated above and, hopefully, a sense of the elusive “timing” factor.
Ron is almost a native Arizonan as his family moved here in 1959 when he was 5 years old. He is known as a creative problem solving broker who has the ability to find and deliver the unique opportunity.
