McKee Commercial

1001 B Avenue, Suite 206

Coronado, CA 92118

 

Phone: (619) 642-2711

Fax: (619) 435-2661

CA BRE #00907967

 

Fiduciary Trustee Services

Who Do You Trust With Your Client's Investment Property?

We understand our role in managing your client's real property needs during significant life changes. We have experience with many sensitive situations which include inheritance, aging, divorce, illness, and death. We know that our job is to save you time and add value to your real estate. Our management efficiencies will improve your bottom line and make real estate ownership a pleasant experience. Our 100% transparent monthly accounting prepared by our in-house CPA is customizable to your needs and archived online for quick reference when needed. 

Our Services Include:

 

  • Rapid vacancy lease-up

  • Asset marketing & sales

  • Maintenance & construction oversight

  • Transparent monthly reporting

  • Capital & expense budget preparation

  • On staff Certified Public Accountant

  • CAM administration (NNN's)

  • Scheduled regular property inspections

  • 24/7 emergency maintenance

  • Tenant liability insurance monitoring

  • Online owner portal for reporting

  • Online tenant rent payments

  • Online tenant maintenance requests

  • Extremely high tenant renewal rate

  • Eviction, legal, & collections assistance

Property Types Serviced:

  • Retail Shopping Centers
  • Street Front Retail
  • Office Complexes
  • Medical Offices
  • Multifamily Apartments
  • Light Industrial
  • Flex Space

Service Areas:

  • Primary: San Diego County
  • Secondary: Riverside & Orange Counties (large properties only)

Fiduciary Case Study #1

Property Info:
  • Location:  Carlsbad, CA
  • Type:  Retail Shopping Center
  • Synopsis:  The property had been family owned and operated for 50+ years when the 2 heirs inherited the asset. Unfortunately, they had significant differences in opinion on how to operate the asset. 
Plan of Action...
McKee Commercial began by analyzing the existing operation of the asset to determine the necessary steps to take in order to add value. The property was in dire need of overdue maintenance, the rents were below market, and the tenants did not have a sense of stable direction from ownership.  We worked closely with The Fiduciary Trustee to ensure that both beneficiary's visions of the family asset were being addressed.  
Results...
  • Increased monthly rents by 47.5% in just 4 years!
  • Renewed existing tenants while increasing rents
  • Cleaned up all lease files and placed tenants on proper documents  
  • Implemented a new parking management plan and substantially increased ancillary income 
  • All tenants now pay rent on time each and every month
  • All tenants now have tenant liability insurance with proper coverage limits
  • Performed significant improvements to preserve property and protect ownership's liability interest
  • Both beneficiaries and are now extremely satisfied with the outcome!  

Fiduciary Case Study #2

Property Info:
  • Location:  La Mesa, CA
  • Type:  Street Front Retail 
  • Synopsis:  The portfolio of properties fell into the oversight of a Fiduciary Trustee when the remaining parent became mentally incapable of operating the properties. 
Plan of Action...
McKee Commercial began by meeting with the previous property management company to review their books.  It was determined that the previous property management had simply become complacent with no real objective to maximize their client's returns. All of the previous long term tenants were paying below market rent and many could not ever pay rent on time. Help was desperately needed!
Results...
  • Increased monthly rents by 135% in just 4 years!
  • Replace the existing tenants that could not afford the new market rents.
  • No Tenant Improvements were paid for by ownership! All tenants paid for their own improvements equating to millions of dollars. 
  • Cleaned up all lease files and placed tenants on proper documentation.  
  • All tenants now have tenant liability insurance with proper coverage limits
  • Performed significant improvements to preserve property and protect ownership's liability interest
  • By increasing rents plus tenant funded improvements, property value has increased tremendously! 

Fiduciary Case Study #3

Property Info:
  • Location:  Coronado, CA
  • Type:  Apartment Complex 
  • Synopsis:  The property was extremely well kept by the parent who lived onsite. During that time, the owner became close friends with many of the long term tenants.
Plan of Action...
McKee Commercial identified that the below market rents were due to the original owner's close relationships with her tenants. However, the beneficiaries that inherited the property were in need of additional funds but were sensitive to their mother's relationships.  We knew that needed a steady plan to increase rents in order to meet our new client's expectations as well as keep the property operating profitably!
Results...
  • Increased monthly rents by 66% in just 6 years!
  • Steady renewed long term existing tenants with moderate annual rent increases.
  • At turnover, all new vacancies were pushed to market 
  • Performed significant improvements to preserve property and protect ownership's liability interest
  • By increasing rents plus tenant funded improvements, property value has increased tremendously! 
Retail Space For Lease In San Diego
Town Square Carlbad
Hillcrest Office and Retail Available For Lease - Property Management