In order to obtain the most benefit from your commercial property investment, it is a wise decision to hire a property manager. Property management firms understand the ins and outs of the day-to-day operations of handling tenant concerns, building maintenance, utilities, and marketing to obtain new tenants. These are issues that many property owners are not specialized in or prepared to deal with on their own. Here are some of the many benefits to be gained by using property management for your commercial properties. * Keeping Tenants Happy One of the main aspects of making a profit from your commercial property is to keep it occupied by tenants. The property manager acts on behalf of the property owner to ensure that tenant needs and concerns are addressed. They will also handle such issues as having tenants sign new leases upon the expiration of the former lease. This saves the property owner a lot of time and even allows them to keep properties in another state while not having to worry if there is an issue with a tenant. Keeping tenants happy is the best way to keep your commercial spaces occupied and maintain a steady rental income from them. * Advantages Of Market Presence Whether you have a new commercial property that you need to fill with tenants, or need to lease a vacancy, a property management expert can help to fill the empty spaces quickly. Property management companies are respected in the area market and know what … Read more »
For those who are interested in investing in commercial properties, it is a good idea to consider using a property management company. Seeking property management services will take a great deal of stress of the property owner, as well as ensure that the proper tenants are found in a timely manner. With the expertise of a property manager, the owner can enjoy the benefits of their investment without dealing with all of the hassles associated with trying to manage your commercial properties on your own. Here we look at some of the specific benefits offered through property management services. * Getting The Right Tenants Property owners can greatly reduce the chances of getting a bad tenant by using the services of a property manager. Property managers are experts in their field and know how to “weed out” bad tenants that might cause damage to the property or be unreliable with their rental payments. This spares the owner the hassle of trying to collect late rent payments or having to deal with tenants who have damaged or destroyed the property. Through thorough screening techniques, the property manager can discover the rental history of prospective tenants to help ensure that you only end up with reliable tenants that you can build a long term business relationship with. Reliable tenants with a good rental history are also less likely to cause damage to your investment property. * Save Yourself The Burden Of Dealing With Paperwork And Legal Matters Leasing a commercial property to … Read more »
Real estate is one of the smartest types of investments on the markets nowadays, and for numerous reasons. It's primarily because people are always going to need a place to live in or operate their businesses, but not everybody has the startup capital or funds to purchase their own home or business building outright. Owning commercial real estate in Anchorage could provide you with numerous benefits, especially when you choose to engage in multifamily investments.
The cash flow of multifamily investments tends to be much higher than that for a single family in Anchorage, AK. This makes sense because the more families you have paying rent for your properties, the more money you'll be making in the long run.
Anchorage, Alaska (September 30, 2015) – Graham Commercial Real Estate and CEO Chad Graham has successfully sold a warehouse property located at Lake Otis Parkway, Anchorage. The property has been on the market for over two years and has been previously listed by two different commercial real estate brokerages. After the property was handed over to Graham Commercial Real Estate, the company was able to put in under contract in just 39 days. The contract was closed 90 days later and the property was sold for $890,000.
Graham Commercial Real Estate, a leader in real estate brokerage and consultancy in Anchorage, is proud to share that it has successfully sold $1,875,000 worth of mixed use property along Evergreen St., Palmer recently. The client was a health specialist purchasing a commercial real estate in the municipality for the first time. The agency was also chosen as the property manager for the said asset.
A hundred percent leased, this 140 ft. by 169 ft. investment property houses some of the most thriving businesses in town, specifically, Great Clips, Nail Gallery, Great Alaska Pizza, Valley Neighborhood Dental, and Select Physical Therapy. The property boasts of great visibility and convenience, and is just one of the several properties that Graham Commercial Real Estate manages.
In the very busy world of commercial real estate in Anchorage, many landlords tend to manage properties on their own, or sometimes, hire a resident manager to oversee their affairs. However, there are landlords who prefer the help of property management professionals to handle every aspect of managing a commercial property.
Hiring a property management company in Anchorage can prove to be a huge asset, especially if you, as the landlord, do not have the professional experience to market your rental property. Property management companies deal directly with prospects and tenants in terms of rent collection, handling occupants’ complaints, repair and maintenance issues, and serving notice of eviction to erring tenants or residents.
For Anchorage, AK residents who are looking to diversify their investment portfolio, putting their money into commercial real estate can be a risky proposition. This is because unlike residential properties, managing commercial ones can get a lot more complicated. With an apartment, you’ll only have to worry about the tenant’s experience. A strip mall or a warehouse brings into the equation things like accessibility and power concerns. That’s where property management experts like Graham Commercial Real Estate can come in to provide some help.
Why Own Commercial Real Estate?
The main question that has to be answered first is the reason why would you want to buy commercial real estate. There are several excellent reasons for doing so. For one thing, commercial properties are a stable long-term investment. Unlike some people who’d want to flip a house or property quickly, you aren’t concerned about the dips and rises of property prices.
When it comes to investing in real estate, you may want to look into the viability of commercial properties. Although purchasing Anchorage commercial real estate requires a larger financial commitment than purchasing a house, commercial property allows for a better ROI if you play your cards right. The success of your investment depends on how good the property is. Of course, that can be vague, as people have their own definition of what makes a commercial property “good”.
Getting into the real estate business by purchasing properties you can later rent out is a very smart investment move. Properties like warehouses, for example are a steady source of income when you lease it to local companies for various purposes like storage, business space, or retail store. Best of all, you don’t need to add any equipment or facilities since the local company you rent it out to will take care of that. However, being a warehouse landlord, you might already have enough on your plate, which can make managing your properties more difficult than you previously thought. Anchorage property management firms can help lighten the load; here’s how. You Can’t Afford Full-Time Employees Managing properties is a full-time job. If you’re not up to the challenge, you’ll need someone to do what you can’t. While the most logical course of action is to employ people to manage your properties for you, it might be impractical for most.
Now that you’ve bought a prime piece of commercial real estate, you’ll want it to make a profit. Though you can manage it yourself, there are firms like Graham Commercial Real Estate that can do property management of Anchorage commercial real estate. Having a professional management company take care of your properties has several advantages over handling it yourself. Better Tenants If you want your Anchorage commercial real estate to prosper, you’ll want to be selective about your tenants. Unlike in an apartment, you’re concerned about more than just rent; a commercial location needs leaseholders that can draw in people. However, trying to find and screen all of your potential renters can eat up a lot of your time and effort.
An Anchorage commercial real estate expert theorizes that millennials have had learned about the challenges associated with owning real estate through their own parent’s experiences. The recession, bank foreclosure, and all other problems accompanying the failures on securing house financing has lead many of them to think that owning a home isn’t as important as it once seemed. Millennials also tend to delay marriage and family life longer than previous generations. They are more career-focused and are enjoying the many perks of bachelorhood such as fewer responsibilities, less mouths to feed, less worries, and living more comfortably. Without a family, they don’t have problems living in a smaller space which is enough to house their basic needs.
Chad Graham, of Graham Commercial Real Estate, is one of the most experienced and knowledgeable realtors in the Anchorage, Alaska area, with over ten years in the business.
As a specialist in dealing with commercial properties, Chad has been able to close the deal on commercial properties within 47 days, when the properties had been on the market for over a year under another real estate firm. When it comes to getting the job done, Chad Graham is the expert.
Chad’s areas of expertise include knowing the ins and outs of leasing strategies, keeping up with current pricing trends for sales and leasing, and anticipation of upcoming trends in the real estate market. Chad’s credentials include being a member of the National Association of REALTORS,as well as being a member of BOMA, the Top 40 under 40, and ICSC International Council of Shopping Centers.
Before breaking out to start his own business in 2013, Chad Graham started with Realty Executives (now known as CREA) in the year 2000, working in their Commercial Division until 2010. He then decided to partner with GTK Commercial Property in 2010, until breaking out on his own to form his own company, Graham Commercial Real Estate, of which he is the Co-Founder and Chief Executive Officer.
When it comes to the buying, selling, and leasing of commercial properties, you need a real estate professional that you can put your trust in. If you are looking to buy or sell commercial real estate property in the Anchorage, Alaska area, look no further than Chad Graham.
There are many benefits to be gained by investing in commercial real estate property in Anchorage, Alaska. Anchorage is the most populated city in Alaska and contains more than 40% of the total population of the state, making it a specifically good area in which to invest in commercial property. Anchorage also has the honor of having been named an All-American City on four occasions, as well as having earned the title of the most tax-friendly city in the U.S., according to Kiplinger. The location of Anchorage, Alaska makes it an ideal location for refueling stops for many international passenger airline flights and the city also houses a major FedEx hub. All of these factors mean that Anchorage has a lot of people not only living there, but passing through, which is always good news for businesses. Investing in commercial real estate in Anchorage typically tends to be more lucrative than investments made in residential properties in the area. This is due to several factors. It is easier for investors to secure a favorable financing rate when investing in a pre-existing commercial property. Buyers can often receive low interest rates when buying a commercial property in the area. Commercial real estate, unlike investments such as stocks or bonds, tends to retain its value or even appreciate in value because both the physical property and the building structures are considered to be “hard assets”. Commercial real estate properties offer good appreciation value and any improvements a tenant makes to their business … Read more »
If you have rental properties in Anchorage that you’re trying to keep track of, then you know just how much work is involved. With any given property, you need to keep your renter happy while also collecting the payments in a timely manner. There’s maintenance to schedule, and some tenants will have more concerns than others. When all of your time is consumed by your responsibilities as a landlord, you won’t have the time to find more properties and expand. You can, however, rely on property management services to get things back on track.
One of the biggest challenges of any rental business is keeping the properties full. With a management team on the job, you can be confident that your homes won’t sit empty for long. An experienced company is always advertising and developing contacts in order to minimize waits and improve occupancy numbers.
After 4.7 years of being listed by 3 different firms, the property nestled along 1121 E 70th Avenue was placed under contract by Graham Commercial Real Estate in just 49 days. This deal serves as one testament of the commercial real estate firm’s supreme marketing capability, which makes it one of Anchorage’s finest and most trusted brokerage.
With a lot size of 26,400sq. ft., the said warehouse property has an area adequate enough to accommodate both a 5,900sq. ft. building and ample space for on-site parking. The building itself features 3-phase electric power, private bathrooms outfitted with floor drains, and four overhead doors. The firm managed to close it at $875,000.
Owners of vacant commercial properties often have little time to take care of the nitty-gritty of entertaining potential tenants. The ideal, of course, is to generate some income by leasing every available space. In a place like Anchorage, Alaska, all it may take is savvy negotiation and affordable terms to help fill the spots as much as possible.
The Anchorage Economic Development Corporation reported upswings in job generation, with over 3,000 positions filled as of June 2015 in both private and public entities. Officials also look forward to Medicaid expansion in Alaska as an opening for more healthcare providers in a thriving place like Anchorage. When you need help in entertaining applications from potential tenants to fill vacancies in your commercial outlets, it’s a smarter move to get property management firms, such as Graham Commercial Real Estate, to handle both tenant and owner representation for you.
A commercial real estate consultant just sold a $2 million property at Palmer, AK. Chad Graham, owner and CEO of Graham Commercial Real Estate Consultants Inc., used his expertise on commercial properties to close the deal.
Chad Graham has years of experience working on the commercial property sector. While his consultant company is based on Anchorage, AK, he has worked on real estate across many areas in Alaska. He has developed an eye for valuable properties, which allowed him to easily recognize the favorable characteristics of this particular property.
Anchorage, Alaska (June 23, 2015) – Graham Commercial Real Estate is pleased to announce that it has opened a listing for a 13,485 sq. ft. warehouse in Anchorage. The property is located on a cul-de-sac in 640 E, 57th Place, on the way north to Old Seward Highway, an ideal location for commercial businesses. The warehouse has about 700 sq. ft. of office space, 2 bathrooms and a small walk-in cooler. It also features a 25-foot high ceiling mezzanine storage, five 18-ft drive-in doors, plenty of parking space, secured storage, extra van storage and a fully fenced yard with an 8-foot high fence. Other features include a complete sprinkler system, a private security system, a loading dock, and floor drains.
The property was built in 1982 but still holds up to today’s standards. Metal is the main material used for construction, with a slab on grade foundation, slab flooring, and block walls which make for a sturdy structure.
Those who own some commercial real estate in Anchorage may have difficulties in managing them, especially if they are not doing it full time and have other undertakings in their life. To make things easier, they can hire property managers who can do the tasks for them instead, so that they can focus on other equally important matters. A property management company specializes in overseeing properties and doing all the tasks related to it, from finding tenants and collecting rent to maintenance and repairs. Owners will have peace of mind knowing that their property is in good hands and is operating even without them being there all the time.
Retailers usually choose not to extend their lease for two main reasons: weak market or high lease cost. The vacant spaces aren’t only income loss to landlords; in high numbers, they give the bad impression that a commercial building is a less desirable area, driving both consumers and investors away. If you’re the owner of an Anchorage commercial real estate, here are ways to fill those vacant spaces: Subdividing. If you have a very large retail space, you can divide it to entice smaller business owners, particularly the startups, to set up shop. These smaller interior retail stores can attract entrepreneurs looking for cheaper alternatives to bring their product to the market. Plus, variety creates greater traffic, benefitting everyone within the retail area.
Graham Commercial Real Estate, an Anchorage commercial real estate company, just sold an industrial warehouse located at Hartzell Road. The transaction was valued at $1.9 million. Built in 1988, the property’s exact address is 8040 Hartzell Road, Anchorage, Alaska. It is composed of 12,000 square feet of the actual facility and 5,600 square feet that house the office building, all within 2 acres of land zoned I-1. Graham Commercial Real Estate’s owner and CEO Chad Graham specializes in dealing with commercial properties like the one described above. He provides a wide range of services related to investment property in Anchorage, AK, like property management and many other core solutions.
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