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What is EMD?

EMD is an acronym for ‘Earnest Money Deposit’ (also known as Escrow) that is involved in a real estate transaction.   EMD is a deposit made to a seller, held by a title company or state authorized escrow agent, that represents a buyer’s good faith to buy a home or other commercial real estate property or entity.  Sellers will normally require an EMD upon acceptance of a sale/lease agreement with the amount ranging from 5% to 30% of the purchase price.  In most real estate transactions, accepted purchase offers become completed sales and the buyer’s earnest money is applied to the closing expenses or down payment. However, if a real estate transaction falls apart or is mutually terminated by both the buyer & seller, earnest money is disbursed in accordance to the contract.  Typically, it is returned to the buyer unless the buyer has defaulted or otherwise violated the contractual terms of the purchase agreement. –Tony Caprarese, Associate Broker

 

“Ask a Broker!” is a weekly blast that provides you with the information and tools to navigate commercial real estate transactions. These helpful tips are here to get you started and answer business basics. In addition to giving you these starter tidbits of information, our brokers are more than happy to provide personalized feedback on your real estate goals and questions. To have your questions answered, give our office a call at (734)663-0501.

Updated Office Suite for Lease: 959 Baker, Dexter

Office suite available in this well maintained, highly visible office building. This ADA accessible office has many windows, private restroom and an outdoor deck area. Includes a shared kitchen and restroom with a shower. Rate also includes all utilities and internet service. Building has easy access to I-94 at Baker Road exit one exit west of Ann Arbor. Building has ample at the door parking.

AVAILABLE: 200 SF office – $525 per month (includes utilities)

LEASED: 500 SF office

For more lease information or to schedule a property walk-thru, contact Jeff Evans at (734)926-0222 or jeffevans@swishercommercial.com.

Office or High Tech Suite for Lease: 8005 Main, Downtown Dexter

Recently renovated Class A office or high tech space for lease downtown Dexter. Space features exposed ceilings, glass walled conference room, open concept with two private offices, nice kitchenette, and ADA compliant restroom.

Located downtown Dexter walking distance to restaurants, shops, parks, B2B Trail, Mill Creek and Monument Parks. Building has private parking next to building and adjacent municipal lot.

Suite 15 – 2,718 SF

Lease Rate: $18.00 PSF Gross

To schedule a property showing, contact Jeff Evans at (734)926-0222 or jeffevans@swishercommercial.com.

Price Reduction: 30 Wooded Acres in Dexter

30 wooded acres located on Madden Road in Dexter for sale. One of kind property with mature oak trees. Extreme elevation changes offering several walkout sites as well as majestic hilltop building views. Property has had a site plan completed for 18 building sites and private road design. Dexter Township just off North Territorial. Dexter schools. Sandy soil with multiple perk sites. All divisions included. Call agent for more information on possible uses.

SALE PRICE: $475,000

For more information or to schedule a property showing, contact Charlie Koenn at (734)926-0230 or ckoenn@swishercommercial.com.

Michigan Theatre Building | 527 E. Liberty, Ann Arbor

Historic Michigan Theater Building located in the heart of downtown Ann Arbor. Walking distance to restaurants, shops, municipal buildings and U of M campus.

 

• Ideal for small business, tech company or fitness center
• Flexible lease terms
• Plenty of foot traffic
• Municipal street, structure and lot parking

 

Suite 209B: 300 SF Second floor office suite, $750 Per Month Gross

Suite 214: 271 SF Single room second floor office, $680 Per Month Gross

PRICE REDUCED Suite 525A: 1,718 SF newly remodeled lower level office space. Open floor plan. New private bathrooms and kitchenette. Open ceiling. This space can be combined to
create a 4,272 SF space. $15.00 PSF plus electric.

PRICE REDUCED Suite 525B:  2,554 SF newly remodeled lower level office space. Open floor plan. New private bathrooms and kitchenette. Open ceiling. This space can be combined to create a 4,272 SF space. $15.00 PSF plus electric.

For more information or to schedule a property showing, contact Randy Maas (734-222-7525 or rmaas@swishercommercial.com) or Mike Giraud (734-662-3617 or mgiraud@swishercommercial.com).