The Benefits of Professional Commercial Property Management Services

If you own commercial property in Anchorage, you may be struggling to keep up with all of the tasks that are required to keep it profitable and well-maintained. Even a small property with a single tenant can be a burden to deal with, especially if this is the first commercial property you’ve ever managed. However, there are numerous financial benefits associated with owning real estate that you may want to continue to take advantage of.
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Commercial Real Estate Company Sells Warehouse on Lake Otis Parkway

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.
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How New Marijuana Laws Affect Alaska’s Commercial Real Estate Market Commercial Brokers are anticipating a boom in retail and industrial real estate within the Anchorage bowl with the recent passing for legalization of marijuana. There is quite a buzz as potential shop owners, brokers, and marijuana clubs await the public hearing for zoning later this year. Colorado faced this dilemma in 2013, when their laws were adapted for allowance of retail establishments to distribute marijuana to marijuana card holders. Colorado limited zoning of these establishment and facilities for growth in industrial areas of Denver. This both created an explosion of activity as well as created a huge limitation. This is the single largest impact on industrial properties in colorado, with record low industrial vacancy rates of 3.1%. Industrial zoning in Colorado encompasses more than Alaska’s market. Often in the greater Denver area it includes manufacturing, food distribution companies, warehouses for all stores in the areas, ect. Today the limited industrial zoned real estate and vacant land is going for a pretty penny as all of these entities compete with marijuana retailers. Anchorage’s current industrial market is at a 98% occupancy level, class A, B, and C are full. Retail real estate is at a 97% occupancy level. If Alaska’s market resembles anything close to what Colorado’s market did after the adaptation of allowance of retail marijuana dealers, our market is going to get really interesting. If Alaska market resembles is anything close to what happen in Colorado after the pass recreational marijuana things are going to get very interesting. Aside from the direct affect on the industrial market, Denver’s real estate as a whole increased. Following the retailer adaptation, the average home price increased by $40,000. As of December 2014, there was a surge of revenue for the state of Colorado via the issuance of 833 recreational licenses, of which 322 where for retailers; and 1,416 medical licenses, of which 505 where for medical marijuana dispensaries. The price-per-square-foot for industrial property increased from $3.34 to $4.43 per SF. Recent news says Colorado’s landlords are leasing to cannabis grow operations at nearly $20/per SF. That is more than four times the average rent for an industrial building in the city. Even the Springs felt a bump up, with their industrial property going for $12/per SF. Marijuana businesses are willingly agreeing to the substantially higher rate just to secure a place within state guidelines. In 2014 the State of Colorado reported making $76 million from marijuana; this includes revenue taxes, licenses and fees from recreational and medical marijuana. Can you imagine the impact this would make on Alaska’s state debt? That is, assuming the same impact was made here. Alaska’s population throughout the state ranges over 760,000. Denver’s metro population alone is 649,000. There is a huge difference in the amount of people who may utilize the marijuana license options available in Alaska vs Denver. But, without a doubt Alaskans voted it in. We are eagerly waiting the zoning hearing happening next month. Check back for updates on the states marijuana laws’ affects on Alaska’s Real Estate. Have questions? Give us a call at (907) 334-4645, Graham Commercial Real Estate Consultants, Inc. How New Marijuana Laws Affect Alaska’s Commercial Real Estate Market Commercial Brokers are anticipating a boom in retail and industrial real estate within the Anchorage bowl with the recent passing for legalization of marijuana. There is quite a buzz as potential shop owners, brokers, and marijuana clubs await the public hearing for zoning later this year. Colorado faced this dilemma in 2013, when their laws were adapted for allowance of retail establishments to distribute marijuana to marijuana card holders. Colorado limited zoning of these establishment and facilities for growth in industrial areas of Denver. This both created an explosion of activity as well as created a huge limitation. This is the single largest impact on industrial properties in colorado, with record low industrial vacancy rates of 3.1%. Industrial zoning in Colorado encompasses more than Alaska’s market. Often in the greater Denver area it includes manufacturing, food distribution companies, warehouses for all stores in the areas, ect. Today the limited industrial zoned real estate and vacant land is going for a pretty penny as all of these entities compete with marijuana retailers.   Anchorage’s current industrial market is at a 98% occupancy level, class A, B, and C are full. Retail real estate is at a 97% occupancy level. If Alaska’s market resembles anything close to what Colorado’s market did after the adaptation of allowance of retail marijuana dealers, our market is going to get really interesting. If Alaska market resembles is anything close to what happen in Colorado after the pass recreational marijuana things are going to get very interesting. Aside from the direct affect on the industrial market, Denver’s real estate as a whole increased. Following the retailer adaptation, the average home price increased by $40,000. As of December 2014, there was a surge of revenue for the state of Colorado via the issuance of 833 recreational licenses, of which 322 where for retailers; and 1,416 medical licenses, of which 505 where for medical marijuana dispensaries. The price-per-square-foot for industrial property increased from $3.34 to $4.43 per SF. Recent news says Colorado’s landlords are leasing to cannabis grow operations at nearly $20/per SF. That is more than four times the average rent for an industrial building in the city. Even the Springs felt a bump up, with their industrial property going for $12/per SF. Marijuana businesses are willingly agreeing to the substantially higher rate just to secure a place within state guidelines. In 2014 the State of Colorado reported making $76 million from marijuana; this includes revenue taxes, licenses and fees from recreational and medical marijuana. Can you imagine the impact this would make on Alaska’s state debt? That is, assuming the same impact was made here. Alaska’s population throughout the state ranges over 760,000. Denver’s metro population alone is 649,000. There is a huge difference in the amount of people who may utilize the marijuana license options available in Alaska vs Denver. But, without a doubt Alaskans voted it in. We are eagerly waiting the zoning hearing happening next month. Check back for updates on the states marijuana laws’ affects on Alaska’s Real Estate. Have questions? Give us a call at (907) 334-4645, Graham Commercial Real Estate Consultants, Inc.

Top Anchorage Commercial Real Estate Firm Closes Huge Warehouse Deal

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.
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Commercial Real Estate Experts Sells $1.8-Worth of Lease Investment

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.
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Property Management: Handling Lease, Tenant, and Operating Support

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.
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When Should A Landlord Hire An Anchorage Property Management Company?

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.
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Commercial Real Estate Consultant Recently Sold a $2 Million Property

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.
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Commercial Property Management in Anchorage can Ensure Easy Profits

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.
http://grahamak.com/commercial-property-management-in-anchorage-can-ensure-easy-profits.html

Graham Commercial Real Estate Opens Listing for a 13,458 ft2 Warehouse

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.
http://grahamak.com/graham-commercial-real-estate-opens-listing-for-a-13458-ft%C2%B2-warehouse.html

Investing in Anchorage Commercial Real Estate: How to Choose Property

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”.
http://grahamak.com/investing-in-anchorage-commercial-real-estate-how-to-choose-property.html

Property Management in Anchorage: Overseeing the Property for You

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.
http://grahamak.com/property-management-in-anchorage-overseeing-the-property-for-you.html

Anchorage Property Management Firms Can Help Warehouse Landlords

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.
http://grahamak.com/anchorage-property-management-firms-can-help-warehouse-landlords.html

Simple Ideas for Drawing in Anchorage Commercial Real Estate Tenants

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.
http://grahamak.com/simple-ideas-for-drawing-in-anchorage-commercial-real-estate-tenants.html

Anchorage Property Management Ensures Profits from Your Properties

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.
http://grahamak.com/anchorage-property-management-ensures-profits-from-your-properties.html

Anchorage Commercial Real Estate Company Sells $1.9 Million Warehouse

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.
http://grahamak.com/anchorage-commercial-real-estate-company-sells-1-9-million-warehouse.html

Millennials Role on Growing Multi-family Investments in Anchorage, AK

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.

http://grahamak.com/millennials-role-on-growing-multi-family-investments-in-anchorage-ak.html

Anchorage, AK Warehouses for Sale: Why Buying is better than Leasing?

You need a facility to house the operations of your Anchorage business. The question now is whether to buy or lease. In the end, the venture could be worth its cost in capital outlay—and a lot will depend on how well you weigh the pros and cons between buying and leasing. Here are some reasons why buying warehouses for sale in Anchorage, AK might be better than leasing. It gives a long-term cost advantage. Leasing may seem more manageable in the early years. But if you intend to stay put and you compute the overall cost, including the interests, you’ll find that buying the property could be more cost-efficient. In addition, long-term mortgage offers a more predictable and clearer cost, which is ideal for your cash flow. Leasing, on the other hand, often includes variable charges and is likely to increase upon contract renewal.
http://grahamak.com/anchorage-ak-warehouses-for-sale-why-buying-is-better-than-leasing.html

Anchorage Commercial Real Estate Market Helps Boost the City’s Economy

Anchorage’s commercial real estate market is expecting more restaurants and retailers to construct and open additional office spaces this 2015, including a few mixed-used centers, an “artisan market”, and new outlets for such retail giants as H&M, Pier 1 Imports, and Nordstrom Rack, all of which are expected to contribute to the continued growth or steadiness of the economy. These point to a significant year in the retail industry, which augurs well for the commercial real estate sector in general, and investment property in Anchorage, AK in particular.
http://grahamak.com/anchorage-commercial-real-estate-market-helps-boost-citys-economy.html

Anchorage Commercial Real Estate Stays Strong Through Oil Price Slump

Property management in Anchorage involves helping businesses earn money from their real estate assets through proper handling on behalf of their clients. This includes advertising for new tenants, legal documentation of the property, proper maintenance through repairs, and other services. Successful property managers can help their clients build a solid reputation for their properties, making these desirable to potential tenants and buyers. Additionally, these managers play a major part in property maintenance, thus helping preserve its value.
http://grahamak.com/anchorage-commercial-real-estate-stays-strong-oil-price-slump.html

Looking to Earn Big Bucks? Invest in Anchorage Commercial Real Estate

Still, there’s a lot more to real estate investment than at face value. Investopedia contributor Andrew Beattie writes that the field is pretty varied, but the most common has to do with residential real estate (i.e. condos, townhouses). However, he also claims that the biggest earners in the field cash in on commercial properties. Unlike residential real estate, commercial properties offer business or industrial space, rather than living spaces. Examples of commercial properties include retail buildings, office buildings, warehouses, industrial buildings, and the like. Why, then, is it advisable to focus on the likes of local Anchorage commercial real estate, rather than residential?
http://grahamak.com/looking-earn-big-bucks-invest-anchorage-commercial-real-estate.html

Dealing with Anchorage Property Management Firms: Tips to Succeed

Investing in commercial real estate is becoming popular today, mainly due to its share of financial perks not available anywhere. Such advantages include top-notch asset security (through leases that also provide a regular income stream), and excellent value appreciation, among others. While such bonuses are marvels to behold, commercial property investment is still a field where one needs an immense amount of patience, the right perspective, and the dedication to spending a significant amount of time to be truly successful. In addition, here are a few more tips on ensuring a great deal with local Anchorage property management firms like Graham Commercial Real Estate.
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