Advice needed: First time Lessor
My family owns ~10,000 sq ft commercial property in Los Angeles. We've used it to operate a wholesale business but now want to lease it out. We're also open to letting a new tenant tear down the existing structure and use it to build what they want (assuming they cover the costs and we get a triple net lease).

I plan on calling multiple brokerage firms in the area (CBRE, Marcus &amp; Millichap, Coldwell, etc). I need your advice on what questions I should be asking the brokers (aka what sets them apart from each other). If you can think of any other considerations (besides a broker) I should be aware about before initiating the process, i'd be very thankful for that as well!

Thanks guys!
[{"id": "cezpsa6", "text": "Would it still be the same use or is the new tenant converting it to retail? \n\nIf the same use, you're going about it in the correct way. Just talk to them all and go with your gut. However, the most important thing is to find out what their focus is (medical, industrial, flex, etc. ) and go with the guy who works the most in that use. Also, remember that they don't represent you until your listing agreement is signed. ", "replies": [{"id": "cezxzze", "text": "Thanks for the input! We'd be open to either option.", "replies": [], "depth": 2}], "depth": 1}, {"id": "cf00zyu", "text": "Go with someone you like because you'll be doing business with them for, hopefully, the long term.  Also pick someone who currently has a portfolio of other industrial properties.  Ask the broker how to manage YOUR expectations properly.  What is typical in your market.\n\nAt the end of the day, remember, these guys only get paid when they close a deal for you and want to make one happen.  They shouldn't need a lot of micromanagement.  However a phone call once of every two weeks to see how activity is won't hurt.\n\nPatience!  Commercial Real estate deals don't happen overnight (some do, but don't expect that).  They take 30-90 days to close.  Being a lessor is a marathon, not a sprint.\n\nGet a good floorplan of the building.  Should cost around .05-.10 per square foot.\n\nClean up the building.  Make it look appealing.  Drive other buildings in the areas and see what works.", "replies": [], "depth": 1}, {"id": "cf2ahc0", "text": "I would ask them who they would target for a tenant?  If you do not want to spend any money up front for tenant improvement allowance you should mention that.  Converting the space for a retail tenant can get expensive.\n\nA ground lease is a great, potentially long-term option but you may have to do the demo yourself to deliver the lot.  \n\nIt takes us about 12-18 months from the time we start the deal to when rent commences.  \n\nGood Luck!", "replies": [], "depth": 1}]