Commercial Information

Are you looking for assistance relating to the sale, purchase, or lease of commercial property? Maybe you just want to make your hard earned dollars work a little harder by exploring investment opportunities. Fortunately, you've come to the right place.

Mountain Sage Realty has an experienced and skilled department serving the commercial real estate needs of clients throughout the Phoenix Metro Area.

From a single owner/user freestanding buildings to retail, office and industrial centers to multi-family appartments, Mountain Sage Realty and it affiliate partners have the ability to offer a complete package that includes engineering, securing entitlement approvals, architecture and building construction. This is in addition to our ability to locate the right land, arrange for financing and take care of all lease-up after completion.

These skills give us the ability to do an entire development project from concept to completion allowing you to create you own investment with a higher rates of return than if you just purchased and existing property.

FOR INFORMATION ABOUT COMMERCIAL PROPERTIES CONTACT:
Ken Cook
Mountain Sage Realty
480-258-4314
480-831-1429
 

General Information About Different Commercial Properties Types

Office

Office buildings range from small, owner-occupied properties to multi-building office parks.

Class A Property:
Building has excellent location and access to attract the highest quality tenants. Building must be superior construction and finish, relatively new or competitive with new buildings, and providing professional on-site management.

Class B Preperty:
Building, with good location, management, and construction land tenancy. Can compete with low end of Class A.

Class C Property:
Generally an older building with growing functional land or economic obsolescence. Typically, a higher price per square foot will be paid for "Class A" property than "Class C".

Class D Property:
Older building in need of extensive renovation as a result of functional obsolescence or deterioraton. Use our handy Office Property Checklist to help you evaluate office space.

Retail

Shopping Centers:
A group of stores catering to a trade area, which offers a variety of goods and/or services and on-site parking (the tenant "mix"):
  • A "super regional center" has three or more major department stores, is often enclosed (mall), is 750,000 to one million square feet, and draws from a large trade area of 12 miles or more.
  • A "regional center" has one or two department stores, a variety of smaller stores, and is larger than 300,000 square feet. It will draw from an eight mile radius or more.
  • A "community center" usually has a supermarket, junior department store, and a variety store, is larger than 100,000 square feet, and draws from a three to five mile radius.
  • A "neighborhood center" is built around a supermarket and/or drugstore, provides convenience goods and services to a neighborhood, is between 30,000 - 100,000 square feet, and draws from a one to three mile radius.
  • A "convenience center" is a small cluster of stores along a street, 5,000 - 40,000 square feet; trade area is immediate neighborhood. May have a convenience market, laundromat, dry cleaner, etc.
  • A "specialty center" often has a theme, usually has no anchor tenant, and generally is local in impact. Examples might be home improvement centers, gift shops, or auto service and sales.

Multi-Family

Types pf Apartment Buildings: 

  • Garden Apartments: One- and two-story buildings; often a courtyard or single family-type setting; wide range of units.
  • Walk-Up Apartments: Three- to five-story buildings, but no elevator; area may be mixed single and multifamily; usually only two or three different types of units.
  • Mid-Rise Apartments: Six to ten stories serviced by elevators; usually inner city or dense suburbs; limited range of unit types.
  • High-Rise Apartments: In excess of ten story buildings; underground parking and security; full service; standard plan with limited unit types.

Industrial Properties

Heavy Industrial:
Manufacturing properties comprise the heavy industrial segment. Auto making, textiles, steel, chemicals, and food processing are typical uses of such properties. Typically zero to five percent office space.

Warehouse/Distribution:
Generally the least intense industrial use, warehouse and distribution facilities often are located in the lowest-priced land in older parts of town or in suburban fringes. Typically, like light industrial/assembly property, office use is limited to management tasks for the distribution or warehouse facility, or about 15 percent of total space.

Light Industrial/Assembly:
Production lines that assemble components produced elsewhere are based in light industrial/assembly facilities. Some light manufacturing requiring limited raw materials and physical changes to the materials also might be conducted in such facilities. Space devoted to offices usually is less than 10 percent.

Office/Warehouse or Research & Development:
Broadly defined to include wide variations in markets across the country. Research and development office/warehouse properties could have lab facilities, offices, warehouse facilities, or personal services such as carpentry or machine repair. Typically, each property allows a variable combination of office and other uses. The percentage of office space ranges from 20 percent to 100 percent, depending on the market and individual needs of the user. Research and development office facilities are generally used in high technology markets. In other markets you will find office/warehouses of smaller size, with multiple tenants.