Transaction Announcement – Scalpro Microblading Now On Historic Tennyson Street
Transworld Commercial Real Estate (Transworld), a leading commercial real estate firm in the state of Colorado, is pleased to announce that Ramon’s Aesthetic Barbershop, LLC DBA Scalpro, leased a space from Tennyson 44 Owner, LLC. The innovative microblading barbershop will occupy the commercial property known as 4390 Tennyson St, Suite A, Denver, CO.
Transaction Announcement – Oil Change Retail Center Sold in Aurora
Richard Properties, LLC sold their retail/auto repair space. The building sold is a commercial property known municipally as 19011 E Quincy Ave, Aurora, Colorado. The buyer, KHayes Enterprises, LLC, purchased the property for $806,750 and the business for $370,000.
Transaction Announcement – Iacofano’s Catering & Events Adds First Western City – Denver
The Iacofano Group, LLC, leased a space from CFPM, LLC. The catering and events business will occupy the commercial property known municipally as 595 South Broadway, Suite #200, Denver, Colorado.
Commercial Market Report Q3 2020
Q4 2020 Commercial Market Report-
Industrial ends the year with record breaking quarter despite pandemic…
Colorado CRE Business Owner Resources for COVID-19
A combination of factors come together to determine office building classes and what buildings meet the criteria for Class A, Class B, or Class C. Sometimes referred to as “Metropolitan Base Definitions,” building class definitions are used as a tool for standardized comparison to determine the types of tenants or building buyers who may be attracted to a particular office building.
The ABC’s of Office Building Classes
A combination of factors come together to determine office building classes and what buildings meet the criteria for Class A, Class B, or Class C. Sometimes referred to as “Metropolitan Base Definitions,” building class definitions are used as a tool for standardized comparison to determine the types of tenants or building buyers who may be attracted to a particular office building.
The Process of Buying Commercial Real Estate
Transworld suggests working with a quality commercial real estate attorney, your financial planner or tax accountant, and a commercial broker. These professionals will be able to help you consider the full picture and repercussions of buying property and will help manage the transaction process on your behalf. If you’re unsure where to begin, ask for recommendations for experienced professionals from your commercial broker.
The Types of Commercial Property
The term commercial real estate is fairly general and refers to a host of commercial property types from traditional office buildings and office condos, to land slated for development, farmland, warehouse space and even a bowling alley. At its most basic, commercial real estate describes any type of real estate that is used for the purpose of making a profit for the building owner.
Considerations for Property Buying in a Tight Market
As a small business owner, buying commercial property offers a number of benefits that a commercial lease simply can’t measure up to. These benefits including acting as your own landlord (think you call the shots and customizations), tax benefits, equity building opportunities, and even options for better market power through building advertising. But how can you take advantage of a commercial real estate purchase in a tight commercial market like Denver’s where there is limited inventory for sale? There are a couple ways you can position yourself for a commercial property investment, to make the best use of the active market and they are as follows.
How to Evaluate a Commercial Investment?
Commercial property value doesn’t depreciate like stock market investments can and in commercial real estate markets like Colorado, the value of commercial real estate is increasing at record rates. Commercial property often offers a better rate of return than residential property investments. However, with any investment opportunity, doing your research beforehand is wise.
