Lease         If you plan to start a business and need retail space, there are many options available.  I hope you have a good business plan before you get into this type of arrangement or that you have previous experience in whatever type of business you anticipate.  The Retail Commercial Lease is one of the more complicated arrangements you’ll encounter.  It is not uncommon for these types of leases to require royalties on a portion of your earnings.

 Purchase    Purchasing your own retail space probably sounds pretty daunting, but doesn’t have to be.  In the Salt Lake area there are a number of smaller retail type spaces that can be purchased pretty reasonably.  Also, SBA has special programs available for owner/users on commercial space.

Lease   There is a good supply of Industrial Space available for lease in the Salt Lake area.  Some of the information that we need to best assist you include:  a) size of space; b) intended use of property for zoning considerations; c) Overhead doors [ground or dock high]; d) Rail served; e) Utility needs; f) budget.

 Purchase      If you have cash, that’s great.  If not, we work with a couple of lenders that are very reputable.  Please note whether your purchase is intended for your own use or for investment purposes.  Down payment requirements and the best properties to fit your needs vary widely in these two scenarios.

Purchase    You may notice we don’t have a lease button next to this need.  Right now there aren’t very many hospitality type properties available in our marketplace.  The occupancy statistics are pretty good in our area and most operators are staying put.

Develop    If you anticipate developing a hotel, please let us know what type of franchise, if any, you intend to enter into.  It is important to be compliant with the requirements of the franchisor.

Purchase    If you intend to purchase multi-family property, I hope you have a huge down payment.  Current prices in our market place reflect between a 5 and 6% cap rate.  I honestly don’t know how you can make this very profitable unless you have almost all cash.

 Develop    If you intend to develop multi-family property, you need land with the proper zoning that will allow sufficient density to meet your goals.  This type of zoning doesn’t grow on trees, but there are still a few properties in our market place that could fill your needs.

Investment properties have certain characteristics to look for.  All earnings are based partially on the risk you take, while limiting your time  spent attending to the property.  Make good choices before buying investment property. The different key ingredients are:

1. Not too risky, do your homework.
2. Be sure it isn’t a major time suck.
3. Of course, pays a fair return.

Lease     In finding medical space, one of the most important things we’ve encountered is the location.  Do you need to be near a hospital or facility with surgical privileges?  There has been a lot of new development lately of hospital space particularly in some of the underserved areas toward the south end of the Salt Lake Valley, namely University Medical Center in Daybreak, the new Riverton Hospital for Intermountain Health Care and the Draper Hospital (Lone Peak) from Mountainstar Health Care.  Iasis is in the final stages of construction with their new hospital in Lehi.

Purchase    If you would rather purchase space, there are a number of primarily medical developments of Office Condominiums in our marketplace or entire buildings depending on your need.

 LAND

 Development   If there is a specific type of development that you need, please give as much detail as possible so we can identify those properties that will best suit your needs.