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Archive for December, 2010

Boise Commercial Real Estate For Lease – Maple Grove Center

December 26, 2010 Leave a comment

The Sundance Company is pleased to announce that Maple Grove Center, a three-building industrial complex that accommodates warehouse and office/ showroom users, has space available for lease. Besides enjoying an excellent central location, the Maple Grove Center also features truck access around entire buildings, grade-level doors and excellent parking.

The Sundance Company knows that finding the right leasing space for your business can be a complicated process, and that is why we are here to help your company find the ideal commercial real estate space in the Boise Valley. If Maple Grove Center is not your ideal office space, please check out The Sundance Company website to view property photos, search for office space or learn more about Sundance’s start-to-finish capabilities. The Sundance Company has more than 1.5 million square feet of office and industrial space available in prime Boise Valley locations.

Maple Grove Center
200, 274, and 300 N. Maple Grove Road
Boise, Idaho 83709

Site Area: 5.9 acres
Zoning: M-1D
Number of Floors: One
Site Area: 200 Building – 51,360 sq. ft.; 274 Building – 13,500 sq. ft.; 300 Building – 27,450 sq. ft.
Construction: Exterior is pre-engineered steel with EIFS on Building 200 and 300; concrete tilt up on Building 274.
Year Built: The 200 Building was constructed in the early ‘70’s with a remodel completed in 1990. The 274 Building was constructed in 1993 and the 300 Building in 1990.
Roof: 26-gauge metal roofing with galvanized flashing
Ceiling Height: Varies from 15 feet to 28 feet in warehouse area
Floor Construction: Concrete slab
Windows: Anodized aluminum, double pane
Warehouse Doors: Metal overhead doors at 10’x10’ or 10’x12’
Insulation: All insulated
Offices: Carpeted floors, stud interior partitions with textured drywall and dropped ceiling with recessed fluorescent lighting.
Warehouse Lights: Ceiling-mounted fluorescent tubes
Heating/Cooling: Ceiling-hung gas heaters provide heating in warehouse; office areas have forced-air heating and air conditioning.
Parking: 202 spots in addition to adequate room for large vehicles to access all overhead doors.
Site Improvements: Landscaping at the Maple Grove frontage, and a common dock for specialty loading.
Special: Fenced yard at the rear of the project
Sprinklers: Dry and wet system
Power: 3 Phase 208V power
Telephone: Fiber optics available

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 is available at www.sundanceco.com or 208.322.7300.

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Keeping Control of the Office Thermostat

December 19, 2010 Leave a comment

When winter in full swing around most of the country you might find your office struggling to keep temperature at an acceptable level for all of the employees. So, if you are a tenant in a building struggling to warm up or cool down, here is some information that may be helpful.
Put a thermometer in the hottest or coldest space so you can track the temperature and its fluctuation. Track it for a few days, ideally in sunny and cloudy weather, so you will have the information if you need to discuss the problem with a property manager. You may need more than one thermometer. You may also find out that it is not as bad as you think. Sometimes, an employee can be overly sensitive to either heat or cold, and you may just need to address the issue within your own space by providing a small fan or a small personal heater at a specific desk. Remember, spring and fall are usually the most difficult times as day-to-day temperatures fluctuate greatly and it is sometimes hard to keep up with the rapidly changing conditions.

Do what you can to control your own destiny. Sometimes you can do some things to control the temperature within your space. First and foremost, stop messing with the thermostat (or keep your employees from doing it) Set and forget it! Constantly adjusting it up and down does not help the situation as it takes a while for a change in the setting to distribute through the entire space so it is felt by the cold or hot employee. I have frequently seen someone crank up a thermostat to 85 degrees when they are cold, operating on the false assumption that setting the temperature higher that the desirable 72 will make it warm up faster. Not true! It will hit the target 72 at the same time; however, it will then zoom past it requiring the thermostat to be reset lower setting up a yo-yo of hot and cold all day. Get an inexpensive locking cover for the thermostat and avoid the conflict. Window treatments can be opened or closed depending on sun load, heat generating office equipment and lights can be turned off when not in use, doors to private offices and conference rooms can be left open to keep the air circulating, and most importantly, dress for the environment. After all, a sweater is perhaps the most cost effective form of temperature control! And, if you pay for your own utilities, taking control of your HVAC can save you money too!

Boise Commercial Real Estate For Lease – Fairview Tech Center

December 12, 2010 Leave a comment

The Sundance Company is pleased to offer space at the Fairview Tech Center for lease. Centrally located on Fairview Avenue between Milwaukee and Maple Grove Roads in Boise, Fairview Tech Center is a modern office space that features extensive glass, grand entries and tilt-up construction. The parking is generous, and the concrete tilt-up building was renovated in 2003.

The Sundance Company knows that finding the right leasing space for your business can be a complicated process, and that is why we are here to help your company find the right commercial real estate space in the Boise Valley. If the Fairview Tech Center is not your ideal office space, please check out The Sundance Company website to view property photos, search for office space or learn more about Sundance’s start-to-finish capabilities. The Sundance Company has more than 1.5 million square feet of office and industrial space available in prime Boise Valley locations.

Fairview Tech Center
8740 Fairview Ave.
Boise, Idaho 83706

Site Area: Approximately 4.98 acres (216,855 square feet)
Size: 29,079 square feet of divisible warehouse area available
Doors: Dock high doors; qty 3. Drive in doors; qty 4. Man doors; qty 5
Accessibility: Excellent ingress/egress for trucks and semis.
Rental Rate: NNN Rental Rates @ $.30 / .33 / .35 per sq. ft.
Year Built: 1991
Year Redesigned: 2003
Ceiling Height: 28’
Existing Build Out: Site has 5 offices, break room, and restrooms
Fire System: Reliable automatic sprinkler system with Cerberrus fire alarm control panel.
Racking System: Free standing racking systems w/ sprinklers
Floor Load Capacity: 5-inch concrete slab at 3,000 P.S.I.
Parking: 237 stalls with an additional 80 shared.
Structure: Concrete tilt-up.

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 is available at www.sundanceco.com or 208.322.7300.

 

Commercial Real Estate News: Markets Stabilizing

December 5, 2010 Leave a comment

A recent article from NAR (National Association of REALTORS®) discusses what 2011 looks like for commercial real estate markets.

Lawrence Yun, NAR chief economist, said commercial real estate sectors appear to be stabilizing. “The basic fundamental of rising commercial leasing demand, resulting from a steadily improving economy, means overall vacancy rates have already peaked or will soon top out,” he said. “The outlook for the office and industrial markets has moderated with modestly declining vacancy rates expected as 2011 progresses, while the retail sector should hold fairly steady. Still, high vacancy rates imply falling rents.”

Yun anticipates a rise in household formation from an improving economy, which will increase demand for housing, both ownership and rental. “Multifamily housing is the one commercial sector that has held on relatively well in the past year, and can expect the best performance in 2011,” he added.

“Apartment rents could rise by 1 to 2 percent in 2011, after having fallen in 2009 and no growth in 2010,” Yun said. “This rent rise therefore could start to force up broader consumer prices as well.” He noted that the housing shelter cost of primary rent, and owner’s rental equivalence, is the biggest component in the Consumer Price Index, accounting for 32 percent of its total weight.

The Society of Industrial and Office Realtors®, in its SIOR Commercial Real Estate Index, an attitudinal survey of more than 400 local market experts, shows vacancy rates are slowly improving, but rents continue to be soft with elevated levels of subleasing space on the market. The SIOR index, measuring the impact of 10 variables, rose 1.6 percentage points to 42.6 in the third quarter, but remains well below a level of 100 that represents a balanced marketplace. This is the fourth straight quarterly improvement following almost three years of decline.

The last time the commercial market was in equilibrium at the 100 level was in the third quarter of 2007; the index now matches where it was at the beginning of 2009. Fifty-nine percent of respondents expect improvements in the office and industrial sectors in the current quarter.

Commercial real estate development continues at stagnant levels with little investment activity, but is beginning to pick up in many parts of the country.