Boise Commercial Real Estate – Page 10

February 17, 2010February 14, 2010 sundancecompany Boise Commercial Real Estate, Boise Industrial Space, Meridian Commercial Real Estate, Meridian Industrial Space, The Sundance Company

Leasing Industrial Spaces in the Boise Valley

If you need large storage facilities, or a place to set up large-scale production, manufacturing, or a shipping depot, the cheapest type of space to rent is usually industrial space. But commercial industrial spaces can also be used in place of traditional commercial offices, usually at substantially cheaper prices per square foot.

There are many advantages to leasing commercial industrial spaces in the Boise Valley. Some of the benefits include:

Affordable, Flexible Leases: Large industrial space are usually less expensive to rent than finished commercial office space or established retail spaces. And, since industrial spaces are often used for a variety of purposes, leasing agents can be flexible when negotiating the terms of industrial space leases.
Cheaper to Renovate Than to Purchase a Building: If you need custom-designed facilities, but cannot afford to purchase and renovate your own building, most industrial complexes allow tenants to build-out, modify, or substantially renovate warehouses into custom office, production, or even retail facilities.
Flexible Zoning Options: Because industrial parks tend to be very flexible in terms of zoning, it may be easier to convert industrial spaces into manufacturing and retail businesses than existing buildings in areas zoned for other specific business purposes.
Add Usable Square Feet Without Increasing Rent: Since most large industrial spaces have high ceilings, many can accommodate a mezzanine or be split into two internal stories. Depending on how much you spend to add this space, you can add to your usable square footage without increasing your monthly rent.

The most important thing when considering any leased space is to look at as many spaces as possible before making your decision. By including commercial industrial space on your list of leasing options, you may just find larger, more affordable space to grow your business.

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 retail, office, and industrial space available in prime Boise and Meridian locations.

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. If you prefer to talk to someone in person about your commercial real estate needs, then just give us a call at our Boise office, (208) 322-7300

February 8, 2010February 6, 2010 sundancecompany Boise Commercial Real Estate, commercial real estate, Meridian Commercial Real Estate, meridian idaho, The Sundance Company

How to Lease Commercial Real Estate Office, Retail, or Industrial Space

A lease, at its core, is a business relationship – an agreement between a tenant and a landlord. Although leasing commercial real estate may appear simplistic, perhaps even one-dimensional, it is crucial to take 7 essential steps. Otherwise, the process can turn into disarray.

1. Define your requirements: The first questions to tackle are as follow: “What am I looking for?” and “What would suit me best?” From prerequisites such as deciding location to determining the property’s prospective use, evaluating the space is critical.

2. Locate suitable property: After determining space requirements, a hands-on search begins. Locate suitable properties, survey the market, and narrow down the CRE contestants.

3. Tour properties: A property review and physical tour is the next step of commercial leasing. Since an expected lessee engages in numerous visits and tours, it would be beneficial to take notes on each property.

4. Make a proposal to lease: The proposal process consists of five elements: preparing a RFP (request for proposal), issuing the RFP to suitable properties, reviewing the landlords’ responses, evaluating offers, and perhaps preparing a Comparative Lease Analysis.

5. Space planning and architectural evaluation
6. Negotiate the lease contract: Negotiating may be tedious and frustrating. It is important to meticulously examine every aspect of the deal to avoid future problems. A checklist, legal involvement, and realization of tenant’s resources are discussed thoroughly in this category.

7. Close the transaction The mutual execution of a lease.

If you or your company is in need of office, retail, or industrial space in the Treasure Valley then your first call should be to 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. The Sundance Company has more than 1.5 million square feet of office, retail. and industrial space available in prime Boise and Meridian locations.

February 3, 2010January 31, 2010 sundancecompany Boise Commercial Real Estate, commercial real estate, The Sundance Company

10 Commercial Real Estate Terms You Need to Know

Whether you own or rent your office space, property costs are one of the largest business overhead expenses. That’s why it’s important to comprehend the full ramifications of taking over the title to a property or entering into a lease agreement. Before you sign a lease, work with a commercial real estate broker with a proven track record, and consult with an attorney skilled in real estate law. You should also familiarize yourself with some common real estate terms:

Appraisal: a written report by a state-licensed professional that includes an unbiased analysis of the property’s value and the reasoning that led to that opinion. An appraisal report is required for any property sale.
Broker: an agent who brings together a buyer and a seller, or a landlord and a tenant, in a real estate transaction. All brokers must be licensed by the state in which they work. Most work on commission, and the landlord or seller usually pays the fee.
Build-to-suit: a method of leasing property in which the landlord makes improvements to a space based on the tenant’s specifications. The cost of construction is generally factored into the lease terms. Most build-to-suit provisions apply to long-term (10-year) leases.
Concessions: benefits or discounts given by the seller or landlord of a property to help close a sale or lease. Common concessions include absorption of moving expenses, space remodeling, or upgrades (also called “build-outs”), and reduced rent for the initial term of the lease.
Escalation clause: a clause in a lease that allows the landlord to increase rent in the future. Rent increases dictated under an escalation clause may be charged in various ways, including:
• A fixed increase over a definite period
• A cost-of-living increase tied to a government index, such as the tax rate
• An increase directly related to increases in operating the property

HVAC: an acronym for “heating-ventilation-air-conditioning” system. In a commercial building, the landlord generally is responsible for maintaining the HVAC.
Lease: an agreement by which the owner of a property (the “lessor”) grants the right of possession to a tenant (the “lessee”) for a specific period of time (the “term”) for a predetermined amount of money (the “rent”). A “leasehold estate” is the space occupied by the tenant. Common types of leases include
• A straight, or flat, lease, which stipulates that the same periodic payment (usually monthly) be made for the entire term of the lease.
• A percentage lease, which uses a percentage of the net or gross sales to determine the monthly rent. This is most often used in retail properties and with a minimum base rent.
• A net lease, which requires the tenant to pay maintenance, taxes, insurance and so on, along with a fixed rent. This is also called “net-net-net” or “triple net.”
Lien: a legal claim filed against a property for payment of a debt or obligation. If a property owner fails to pay a creditor, for example, the creditor can place a lien on the property. A lien can halt the sale of a property.
Sale-leaseback: a transaction in which an owner sells a property to an investor, who then leases the property back to the original owner under prearranged terms. Sale-leaseback deals offer the original owner freed-up capital and tax breaks and the investor a guaranteed return and appreciation.
Sublease: a lease given by a tenant for some or all of a rented property. For example, if a tenant rents 20,000 square feet but only ends up needing 10,000 square feet, they may want to sublet the extra space for some or all of the remaining term of the lease, providing they continue to occupy and pay rent for the property.

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.

January 27, 2010January 24, 2010 sundancecompany Boise Commercial Real Estate, Meridian Commercial Real Estate, meridian idaho, silverstone business campus, Silverstone Corporate Center, The Sundance Company

The Sundance Company Announces Strategic Alliance With Galerie Belle Ame

The Sundance Company is pleased to announce that Galerie Belle Ame has opened a fine art gallery at Silverstone Corporate Plaza, located at the corner of Eagle and Overland Roads in Meridian, Idaho. Corporate tenants within this premier office facility and amenity center will be rewarded with the finest art exhibits in Idaho. Galerie Belle Ame welcomes visitors and residents of the Treasure Valley to tour the gallery during regular business hours.

“We anticipate a successful partnership with Silverstone which will bring exposure to our artists, grow art appreciation in the community, and provide companies within Silverstone Corporate Plaza an exciting place to do business,” said Melissa Brodt, Galerie Belle Ame’s CEO.

“This alliance represents a new business model that is designed to benefit the tenants and visitors to Silverstone Plaza while providing a unique platform for artists to showcase their talent. A dynamic art culture and a progressive business community go hand-in-hand. Hopefully our forward-thinking philosophy will promote a winning strategy,” said Chris Anderson, of The Sundance Company.

“Northwestern Wildlife & Landscapes” will launch the quarterly art exhibits. Artists include Venture Coy, Jerry Snodgrass, Gregg Russell, Victor Hohne, Jerry Kencke, Monte Stiles, Amber Conger, Erin Pietsch, Delia, Dave Thomas, and Fonny Davidson. For further information contact http://www.GalerieBelleAme.com, 208-938-1342.

This 120,000-square-foot, Class-A office condominium, located within the sought-after Silverstone Park offers spaces ranging from 3,000 to 90,000 square feet and features an unprecedented combination of amenities including business concierge services, executive boardrooms, conference rooms, and covered parking. For further information about leasing/ownership please call 208-322-7300 or visit www.sundanceco.com.

“This is another amazing addition to our community. This gallery and alliance in what will soon become a landmark building in Meridian continues to add to the growing displays of public and private art throughout Meridian. The City is excited to celebrate their success in this partnership that is a benefit to all the citizens of our community,” said Mayor Tammy de Weerd.

Galerie Belle Ame is located in Eagle, ID and represents some of the finest artists in the Northwest. Art of Framing is situated within the Eagle location and specializes in custom framing and design. Art of Framing~Galerie Belle Ame has provided art and framing to corporate clients such as Tamarack Resort, Arid Club, St. Luke’s Medical Facility, and the office of Governor Butch Otter. The addition of new gallery space in Silverstone Plaza provides art appreciators the opportunity to view and purchase art in a new venue. Galerie Belle Ame Silverstone Plaza will likely create the momentum so many artists are yearning for in the Treasure Valley.

January 20, 2010January 10, 2010 sundancecompany Boise Commercial Real Estate, Boise Office Space, The Sundance Company

Renting Office Space in Boise

Your business is ready to roll, and now you need to decide where you are going to begin your capitalist dreams. Renting your office space can be a wise option, and it may make financial sense as well as logistical sense.

Renting an office means that you get the space you need for the time that you need it. A one, two or three year lease, with an option to terminate at the end of each year allows for a high degree of flexibility in managing the space needs of your office.

Business success may mean you need more space. Business challenges may mean that you need less. The ability to react to changing business circumstances is important and renting your office space allows that.

Renting also does not tie you to a specific location. The ability to change the location of your office within the year is very important when your business is dynamic and ever changing. The office is part of a business’s image, and a change in location often leads to a positive change in image.

On the financial side, rent is 100% deductible in the year it is paid. Many business owners may see that as a disadvantage, but it is not. Tax planning should take into account management of taxes owed.

Buying an office, a building or some other type of owned space, means that the cost must be depreciated over many years. That cost may require 37 years of depreciation on the business’s taxes. The amount of depreciation may be smaller than the rent you might have paid, meaning that the business will pay more taxes by owning.

Owning also means that the maintenance and upkeep of the building is now your responsibility. Unless that happens to be the business that you are in, these duties and the costs involved are a distraction from the real purpose of the business. The owned office may actually require costs to the business that in a rental are part of the lessors cost. Is a new roof really how the business’s cash ought to be invested?

Owning also limits the business’s ability to expand, and places costs on a shrinking business that leasing does not. Adding on to owned property is costly, and paying for space you no longer have a need for is, also.

Renting your office space can be a wise option. It allows your business flexibility to adapt to changing circumstances. It may provide tax advantages in some cases. It frees the business from having to pay for costs of ownership that do not directly benefit the success of the business.

Take advantage of the aptitude of The Sundance Company – Boise’s commercial real estate leader and let them help you find the right space for your business. The Sundance Company’s professional and knowledgeable staff will help ensure you find the right commercial real estate location in Boise, Meridian or Nampa.

If you have any questions or comments about The Sundance Company please call 1-208-322-7300 or visit our website at www.sundanceco.com. To view some of our properties, please visit our Properties page.

January 18, 2010January 10, 2010 sundancecompany Boise Commercial Real Estate, Boise Industrial Space, Boise Office Space, Boise Retail Space, The Sundance Company

Boise Commercial Real Estate – South Cole Annex

The Sundance Company is pleased to present the South Cole Annex building for lease. This manufacturing/warehouse facility features generous office space, open work spaces and two lunchrooms. The building is conveniently located near the Cole/Overland I-84 Interchange in Boise, provided business with an ideal location in Treasure Valley.

Please contact us today if you are interested in this property. The Sundance Company also 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 Boise or anywhere in The Treasure Valley. So if the South Cole Annex building 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. If you prefer to talk to someone in person about your commercial real estate needs, then just give us a call at our Boise office, (208) 322-7300.

South Cole Annex
2925 South Cole Road
Boise, Idaho

Site Area: 5.1 acres; 250 feet west frontage of South Cole Rd.
Additional Land: 5.56 acres
Zoning: M-1
Stories: One
Project Size: 54,000 square feet
Construction: Steel frame with ribbed metal siding exterior.
Age: Built in 1989 with a 24,000 SF expansion in 1995.
Roof: Flat, single ply roofing membrane over plywood sheathing.
Ceiling Clear Height: 18’ minimum, 24’ maximum warehouse; 8’ in offices.
Floor Construction: 6” concrete slab
Windows: Double-pane, thermo-glazing in offices.
Warehouse Doors: Dock-high and 12’x14’ overhead loading doors.
Insulation: 9” batt insulation in roof; 3½” batt insulation to exterior walls.
Offices: Commercial carpet & vinyl; acoustical ceiling, fluorescent lights, standard partitioning and finished restrooms.
Warehouse Lights: Suspended tube fluorescent and suspended bulb.
Heating/Cooling: Warehouse has suspended space heat. Office has package electric forced-air and central air conditioning.
Parking: 125 spaces, paved and marked
Site Improvements: Landscaping on South Cole Street.
Special: Full building fire sprinkler system; combination of dock-high loading and 10’x12’ drive-in doors.

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.

January 13, 2010January 10, 2010 sundancecompany Boise Commercial Real Estate, Boise Industrial Space, Boise Office Space, Boise Retail Space, The Sundance Company

Boise Commercial Real Estate – Fairview Tech Center

Fairview Tech Center.aspx — Boise commercial real estate space available from The Sundance Company at the Fairview Tech Center

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.

Please contact us today if you are interested in this property. The Sundance Company also 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 Boise or somewhere else in The Treasure 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. If you prefer to talk to someone in person about your commercial real estate needs, then just give us a call at our Boise office, (208) 322-7300.

Fairview Tech Center
8740 Fairview Ave.
Boise, Idaho 83709

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 semi’s.
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.

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 space in The Treasure Valley. Whether it is Boise, Eagle, Meridian, Nampa, or someplace else in the metropolitan area, The Sundance Company can help with your leasing space needs.

January 11, 2010January 4, 2010 sundancecompany Boise Commercial Real Estate, Boise Retail Space, The Sundance Company

Finding the Right Retail Space in the Greater Boise Metropolitain Area

If you’re selling a product, you may need a space from which to hawk your wares. Don’t sign a lease on the first bargain you see – find a location that’s accessible to your customers and suited to the needs of your business.

Make sure that any space you’re considering is big enough for both your current needs and your foreseeable growth. Be realistic and don’t over commit.
Do your homework beforehand. Investigate traffic patterns; tour the building. Find out who the previous tenant was, and why the business left. Learn what kinds of marketing the location does in support of its tenants (if any) and whether co-operative marketing funds are available to you.
Weigh the benefits of guaranteed foot traffic at a mall location against premium rent. Some malls require that all tenants stay open during mall hours, and pay for common area usage as well as the store’s own space and upkeep. Stores may also be asked to pay a percentage of sales to the mall.
Identify your closest competitors. Also check out neighboring businesses with an eye for complementary products or services. Is there an established cluster economy? If you are locating in a mall, check the lease agreement for any guaranteed protection against competition (malls may rent only to a set number of similar stores at any given time).
Evaluate whether the physical location and space is a good fit with your product line. Do you need a large, bright space or a charming, cozy nook?
Investigate any restrictions on signage. Signs are vitally important to retail businesses, yet many landlords decide on what a store can and cannot do. The rules may be even stricter in a mall, which closely monitors its physical appearance.
Negotiate the terms of your lease aggressively. Never accept wording that’s confusing or that leaves you wondering who is liable for what. Ask for the right of first refusal on adjacent space in case you need to expand. Negotiate for free improvements and other incentives before signing your lease.
Hire a real estate attorney who not only specializes in lease negotiations, but knows your area and, preferably, has dealt with your kind of business before. A lease negotiation can cover tens, if not hundreds, of terms, and you want someone in your corner who’s seen it all before.
Know who’s responsible for maintaining the heating, air-conditioning and other systems, as well as keeping up the parking lot and building exterior. This can be critical in older buildings.

If your company is searching for a retail space location that’s handy to your customers and is suited to the needs of your business, then contact The Sundance Company. Established in 1976, The Sundance Company has the experience to help you with your retail space needs in Boise, Meridian, Nampa, and the greater Treasure Valley. We have more than 1.5 million square feet of commercial real estate space available in prime Boise and Meridian locations. Please check out The Sundance Company website to view property photos, search for retail space or learn more about Sundance’s capabilities. If you prefer to talk to someone in person about your commercial real estate needs, then just give us a call at our Boise office, (208) 322-7300.

January 4, 2010January 3, 2010 sundancecompany Boise Commercial Real Estate, Meridian Commercial Real Estate, meridian idaho, The Sundance Company

Boise’s Commercial Real Estate Leader

If you are looking to lease, buy or rent commercial real estate in the greater Boise metropolitan area then you’ve come to the right place. As one of Boise’s commercial real estate leaders since 1976, The Sundance Company team has helped businesses of all sizes find the right commercial real estate location to fit their business needs.

Whether you are a start-up business looking for a new commercial real estate location or an existing business needing to expand in Boise, Meridian, or Nampa, The Sundance Company is here to help find and secure the perfect location for your company.

The Sundance Company can help and make sure your new commercial real estate is a great place to do business and thrive in of the fastest growing markets in the country – the greater Boise metropolitan area.

For most businesses, finding the right commercial real estate location is a major obligation. While the cost of your commercial real estate location can significantly affect your bottom line, it also has many other important consequences. Having an experienced commercial real estate leader like The Sundance Company – who knows and understands the Boise market – will make a big difference in your search for commercial real estate in the greater Boise area.

December 23, 2009December 20, 2009 sundancecompany Boise Commercial Real Estate, Boise Office Space, Meridian Commercial Real Estate, meridian idaho, Meridian Office Space, The Sundance Company

How To Find The Right Office Space in The Treasure Valley

With a little extra time and effort, you can be assured of finding a great office location from The Sundance Company in the Treasure Valley that will serve your business well for years to come. With numerous office space locations in Boise or Meridian, Idaho, consider these tips to help you find the perfect spot.

Consider What You Need: You would think this would go without saying, but it is amazing how many business owners leap into an office contract after being mesmerized by the fancy foyer or the many amenities. Write down exactly what you need and take that list with you when you tour available spaces. If you have 10 employees, don’t rent space for 100. Unless you have concrete plans to expand to a larger or different operation in the future, rent only for your current needs. And don’t let yourself be talked into something you really don’t need. Nothing good can come of trying to fit a square peg in a round hole when it comes to office space.

Make a Budget: Don’t over-extend yourself with a huge rental payment when you are considering the office space that is right for your business. Office space for rent can make or break your budget. Find an adequate space that is affordable and that fits well within your budget. You don’t want to over-extend yourself, and you can always upgrade later. And don’t forget to read the fine print. What costs and utilities are you expected to cover? Are there any hidden fees in the contract?

Plan for the Future: While you don’t want to agree to an office space rental agreement based upon hazy future plans, you do want to be prepared for changes you might need to make later on down the road as your business grows and expenses. Does your rental agreement allow you to remodel the office space or expand into empty, adjacent space? What if you need to terminate the agreement or want to upgrade to a larger office? Can that be done under your agreement or would hefty fees be involved to re-negotiate the lease? Work out those details now as you plan for the future of your business, and save headaches later for a great experience as you search for office space for rent.

Use these tips to find the right property for your business in the Treasure Valley. Then rest secure in the knowledge that you have made a smart business decision that will serve you well for years to come.

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.