Archive

Archive for June, 2010

It is All About Location, Location, And Location

People often say there are three things that determine the value of a property: location, location and location. Location is also an important factor in commercial real estate investment. For retail properties, location is the key as an average business can even be successful if it is at a good location. When a commercial property is at a good location, it will attract tenants to the property and retain them there. It will also attract the customers of your tenants to the property. To determine if a property has an ideal location, check it out and see if it has these features:

1- Near major roads and freeways: This provides easy access to the property so the customers of the tenants can quickly and conveniently drive to the property.

2- Near busy street with high traffic volume: Commercial listings often mention the traffic volume in term of cars per day. More traffic means more exposure of your tenants businesses to more potential customers, and this is free advertising to your tenants. The traffic could also be foot traffic.

3- Near anchored tenants: Big retail stores like Wal-Mart, Albertsons, Home Depot instantly bring lots of customers to their stores. If your commercial property is near an anchored tenant, it will benefit from the high volume traffic.

4- At an intersection: This will give the property more visibility as it has more frontage feet. If the property is located at a signalized corner then it’s even better. As cars stop at the traffic light, people in the cars will notice the stores in your property. The traffic light is also an indication the intersection has more traffic.

5- Near local amenities: Stadiums, colleges, big shopping malls, and hospitals will bring more traffic to the shopping center. Doctors always like the medical building near the local hospital as it is convenient for them and their patients.

6- Easy to make left turn: The property should have ease of ingress and egress. If it’s hard to make left turns, shoppers will less likely come to the shopping centers, and thus it makes the property less desirable to the tenants.

7- Easy to find a parking space: People don’t like to go to a place where they cannot find parking spaces. Commercial property must have at least 1 parking space per 1000 square foot of leasable space. It’s more desirable to have 4-6 parking spaces per 1000 square feet. The width of parking space is also important. Who wants a ding on the door after a shopping trip?

8- Signage: Signage is an important part of a commercial property. Customers often look for the name of the business rather than the street address. A large and tall monument sign in front of the property with the names of the businesses in the property is always desirable.

9- Able to attract and retain tenants: Your tenants will look for a building and neighborhood that are appealing to them and their customers to determine if they should sign or renew the leases. The quality of construction, property condition, landscaping, the appearance of the building and surrounding area are all important factors to keep the property 100% leased.

10- In a stable or growing area: You want to invest in an area where population has increased. Review the demographic data in the property brochure.

Established in 1976, The Sundance Company has the experience and commercial real estate buildings in ideal locations to help with business needs in Boise, Meridian, Nampa, and the greater Treasure Valley. The Sundance Company has more than 1.5 million square feet of office and industrial space available in prime Boise and Meridian locations. More information available at www.sundanceco.com or 208.322.7300.

Advertisements

Boise Commercial Real Estate for Lease – Quail Court

Located in the beautifully landscaped Blackeagle Center, a 45-acre business park in Boise developed by The Sundance Company, Quail Court is an attractive two-story 46,000 square foot building with a wonderful common foyer area. First floor tenants have individual exterior entrances as well and there is extensive space for signage on exterior of the building.  Quail Court enjoys a convenient Southwest Boise location with easy access making it ideal for a company looking for new office space in Boise.

Quail Court
1500 South Eagle Flight Way
Boise, ID 83709

Site Area: 3.31 acres
Zoning: C-3D
Year Built: 1999
Project Size: 46,176 square feet, each
Number of Floors: Two
Parking: 6.7/1,000
Construction: Tilt-up, pre-cast concrete panels with 6” steel columns on a 35’x42’ and 35’x28’ grid
Exterior: Reinforced concrete tilt-up panels
Roof: Single-ply EPDM membrane roofing system
Floor Construction: Ground floor – 4” reinforced concrete slab; Second floor –3 ½ ”–5” of concrete over corrugated steel pan
HVAC: 5-ton gas-fired rooftop units – 100,000 BTU, 2,000 CFM
Ceiling: Lay-in acoustic ceiling panels in 2’x4’ T-bar ceiling grid with indirect and recessed lighting
Ceiling Height: 10 feet finished height
Elevator: Dover, 2,000 lb.; Capacity, 100 feet/minute
Restrooms: First floor – common restrooms; Second floor – common restrooms in central core area
Life Safety: Wet pipe fire protection system with alarm valves with Fire Department Connection
Miscellaneous: Extensive perimeter and site landscaping; distinctive wildlife sculptures at property entrances; consistent architecture throughout park.

About The Sundance Company
Established in 1976, The Sundance Company has the experience to help you with your commercial real estate needs in Boise, Meridian, Nampa, and the greater Treasure Valley. If your requirements include property management, leasing, real estate development, project planning, construction or space planning then look to us. The Sundance Company has more than 1.5 million square feet of office and industrial space available in prime Boise and Meridian locations. More information available at www.sundanceco.com or 208.322.7300.

Boise Commercial Real Estate for Lease – Pheasant Place

Located in the beautifully landscaped Blackeagle Center, a 45-acre business park in Boise developed by The Sundance Company, Pheasant Place is shell and core complete; divisible to 1,500 square feet. Generous TI allowance; finish spaces to tenant specifications. Pheasant Place is conveniently located at the corner of Maple Grove and Overland Roads in Boise.

Pheasant Place
9169 W. Blackeagle Drive
Boise, Idaho 83709

Site Area: 1.07 acres
Zoning: C-3D
Year Built: 2003
Project Size: 12,369 square feet
Number of Floors: One
Parking: 5.0 /1,000
Construction: Steel Frame
Roof: Single ply EPDM roofing system on 3/8” gyp board over 3/4” plywood sheathing over Trus-Joist framing system
Floor Construction: 4” reinforced concrete slab
HVAC: 5-ton gas-fired rooftop units. 100,000 BTU; 2,000 CFM
Ceiling: Lay-in acoustic ceiling panels in 2’x4’ T-bar ceiling grid with indirect and recessed lighting
Ceiling Height: 10’ finished height
Restrooms: Undetermined; waiting build outs
Life Safety: Wet pipe fire protection system with alarm valves with Fire Department Connection
Miscellaneous: Extensive perimeter and site landscaping; distinctive wildlife sculptures at property entrances; consistent architecture throughout park

About The Sundance Company
Established in 1976, The Sundance Company has the experience to help you with your commercial real estate needs in Boise, Meridian, Nampa, and the greater Treasure Valley. If your requirements include property management, leasing, real estate development, project planning, construction or space planning then look to us. The Sundance Company has more than 1.5 million square feet of office and industrial space available in prime Boise and Meridian locations. More information available at www.sundanceco.com or 208.322.7300.

Producing a Positive Office Environment with Feng Shui

If you want to make the most of your work, a feng shui office space might be the way to go. A few minor adjustments may be all you need to get a raise, nab the corner office or even start your own business. It’s all a matter of creating an office space that is both supportive and inspiring. The more thought you put into your surroundings, the easier it will be to set and meet your goals.

Do have a clear view of the entrance from your work station. This will lend a sense of security that enables you to concentrate. A clear view of the door will also help you spot career opportunities that you’d otherwise miss. If you can’t move your desk, position a mirror to reflect the entrance door.

Don’t face a wall while you work. Working this way could result in a dead-end job. If you can’t reposition yourself, hang a picture that affords a depth view at eye level. A scene of a winding road or river that features near and far objects will help you move forward toward your career objectives.

Do define your personal area. Placing a small mat or area rug at the entrance of your work space will inhibit people from walking in unannounced. This is an especially good cure if you work in a cubicle. If you have your own office, hang a pleasant-sounding bell from the door to alert you to visitors.

Don’t let items pile up on the floor. This will keep you stuck in the past, making it hard to meet deadlines or finish ongoing projects. Store materials that you regularly use in easily accessible file cabinets, bins and boxes. Keep a portfolio of work samples in a place where it won’t impede your daily work. Finally, sort through your papers once a month and discard unnecessary materials.

Do put symbols of future goals above your eye level. If you want a promotion, put a tall plant on top of a bookcase or file cabinet. To reach a sales goal, write your target number in red marker on a green piece of paper, and post it over the door. Looking for a new job? Post something that symbolizes this desire directly across from your work station, just above your line of vision.

Don’t let a bad work chair undermine your performance. If your company won’t pay for a better seat, it’s worth paying out of pocket for one. Choose a chair that is high enough to support your upper back. The height of your chair should allow you to place your hands on the desk at a 90-degree angle while your feet rest flat on the floor. If your work requires creativity, choose a chair that allows you to recline.

Do build trust by integrating organic materials into your work space. Wicker baskets, wooden paper trays, crystal paperweights, ceramic mugs and potted plants will encourage people to let down their guard with you. That’s because representations of nature are extremely reassuring in a business environment.

Don’t become distanced from your dreams. If your job doesn’t bear any relation to the work you really want to do, incorporate water into your office. This can include an indoor fountain, a noise machine that replicates the sound of running water, or a picture of a moving body of water. Water features keep you tuned into your innermost desires, encouraging you to take steps toward your ultimate career goals.

Do draw attention to your achievements. Frame any diplomas, certificate or awards and place them in the far left corner of your office. If you’re not able to display such items in your work station, install a high-watt light bulb in your desk lamp. Better yet, get a floor lamp that casts light up toward the ceiling. This will increase your visibility in the workplace. Lighting a red candle at your desk each day can help, too.

Don’t let items pile up on your desk. Clear your desk at the end of each work day, leaving out only the materials you use on a daily basis. (Your phone, computer, lamp, writing implements, etc.) You’ll feel much less overwhelmed when you sit at a clear desk every morning. Clear out your voice mail and e-mail boxes at the end of each day, too. This will save valuable time and energy, and help prioritize your work.

About The Sundance Company
Established in 1976, The Sundance Company has the experience to help you with your commercial real estate needs in Boise, Meridian, Nampa, and the greater Treasure Valley. If your requirements include property management, leasing, real estate development, project planning, construction or space planning then look to us. The Sundance Company has more than 1.5 million square feet of office and industrial space available in prime Boise and Meridian locations. More information available at www.sundanceco.com or 208.322.7300.