COMMERCIAL REAL ESTATE SERVICES

Sales & Leasing of Commercial Properties

Full Service Property Management

Go to www.LeaseAlaska.com & find available business accommodations in Alaska

Things to know when beginning search for property

Western Enterprises, Inc. is a licensed real estate agency in Alaska. Our focus is in the commercial arena. Licensed since 1982, Western Enterprises has been finding lease space for Alaska’s businesses for over twenty years & solid investments in real estate for individual investor groups & corporations.

Western has an extensive inventory of commercial buildings listed for leasing. Our inventory currently includes Class B office buildings, retail projects, light commercial warehouse buildings & office/warehouse combination buildings in Anchorage & Wasilla. Most of our listing agreements have been held since the project was constructed or sold. That shows talent. We keep the owners satisfied with high occupancy & low turnover.

If your looking for lease space, give us a call. If one of our projects doesn’t fit your needs, we will assist you in finding one that does. Our services include location & showing of lease space, negotiation of terms & finally walking you through the lease. If we know of someone who could better do the job, we will set you up with them.

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Experienced, Reputable, Successful

A prime location, distinctive floor plans & competitive rates don’t make the payments on your building. Satisfied tenants do. But the full-time job of keeping tenants happy can become a nightmare, especially if you own more than one building. When you choose Western Enterprises’ property management team, you can count on more tenants who will stay put longer. In fact, the buildings we manage have consistently shown occupancy rates higher than the citywide average, year after year. & to help you occupy your spaces, upon request, our website LeaseAlaska.com is available per gratis, on any of our properties, regardless of whether or not we list the space.

How do we do it? With a winning formula developed from managing & maintaining all kinds of commercial properties for well over 200 separate tenants of our own. It’s a system that has worked so well for us, we decided to offer it other building owners like you. & it’s been non-stop success for everyone involved since we started.

Our aim is simple-improved occupancy. & we’ve got the professional management programs & reliable, energetic employees who help us reach that goal time after time.

We Manage All Sizes, All Shapes

Show us your buildings-we’ll show you the very best ways to manage them. Large or small, high-rise or warehouse, our cost effective programs can make you a better profit on every square foot you offer. And if we think some other company is better for your particular job, we’ll tell you.

Up To Date Cost Control & Analysis

Costs can eat up your profits. That’s why we’ve installed our own private cost-control watchdog-a unique computerized system specially programmed for property management. At a glance, we can spot potential problems like unusually high electricity bills, non-sufficient fund rent payments, or lease expirations. More importantly, we can take action before things get out of hand. You’ll see it all in detailed, easy-to-read monthly reports. Along with accurate statements like vacancy ratios, profit & loss margins & current property & for those of you who wish turn your properties, current property appraisals. In fact, our computer is so versatile we forecast your budgets & tell you how much taxable income to expect for the coming year.

Its all part of the Western enterprises quality package-property management you can bank on.

Leave The Maintenance To Us

Maintaining your own property can be full of headaches. But top-notch maintenance & quick response to tenant complaints is the name of the game. Leave the headaches to us. Remember our roots are in construction. That means we personally know how to keep a building in tip-top shape, recognize to the penny what supplies should cost & can get our hands on the best subcontractors-fast! But here’s what gives Western Enterprises its extra edge-our people: When your tenants call us with a problem, they get an expert repairman every time. In fully equipped vans for on-the-spot repairs. The result? A satisfied tenant. You’ll be satisfied, too, when you see the bottom line savings. It’s called value, & it’s standard when you hire Western Enterprises for the job.

Things to know when beginning a search for property Return to the top

If your thinking about moving your business from your home to an office or warehouse building or your business has expanded & you are thinking about getting a larger space here are some things to consider.

· Moving can be expensive: Costs will be incurred in moving. These include: changing stationary, business cards, phone lines, network, moving expenses, & yellow pages.

· What type of space do you need?

Class A office: generally, a four story or more high-rise building. Expect rates of $1.90 - $2.95 per sq. ft.

Class B office: well maintained office building less than 4 floors with or without elevators. Expect rates of $1.35 $1.85 per sq. ft.

Class C office: older building less than 4 floors with less than average maintenance. Expect rates of $.90 - $1.50 per sq. ft.

Office/Warehouse: combination space: Some combination of office & warehouse. Expect blended rates of $.88-$1.10 per sq. ft.

Warehouse: open floor plan tall ceilings & an overhead door. Expect rates of $.75 - $1.00 per sq. ft.

These rates can very greatly depending upon the age of the building, the upkeep & the location of the building, as well as, what expenses are passed directly through to the tenant.

· Do you need visibility? Most people say they want high visibility for their businesses, but are not prepared to pay the increased cost for such space.

· Is ADA (American Disibility Act) compliance important? Is ground floor mandatory for your business if you do not have an elevator in your building.

· How long do you need to sign a lease for? Building owners want some sense of security that you are going to be around. Depending upon the space, owners may want anywhere from a one to five or ten year lease. It is different everywhere, but the norm is usually three years. In that time the owner can recoup the costs of leasing fees & improvements done for the tenant.

· Insurance: While building owners generally insure the building, most all owners require the tenant to have some type of general liability policy for their contents. It also protects the owner if a tenant causes damage to the building or other tenant’s contents.

· Sprinklers: A building that is sprinklered will often reduce the cost of insurance for the tenant.

· CAM Charges: Depending upon the building owner the lease rate may or may not include building expenses. You will need to consider if the rate includes gas, electric, common area janitorial, maintenance, water, sewer, taxes etc. These expenses can quickly add up. Most warehouses & office/warehouses have separately metered gas & electric.

· Who pays for the real estate agents services? Generally, the building owner pays the real estate agency for their effort to secure the tenant. It is usually based a percentage of the gross rent.

· Don’t get oversold! Be careful not to get sold on a space that is too large for your needs or a lease that is too long for your comfort. If you anticipate growth a larger space is okay but costs could add up if you don’t need it. Also you may decide that you wish to be in a different location in a year or two & be stuck to a longer lease.

· Security Deposits: Often times the building will require a security deposit. This amount is generally close to the amount of the first months rent. It is not the last months rent unless otherwise noted, it shows good faith. It will be refunded after you move out less any unpaid charges or repairs to the unit.

· Improvements: You may wish to alter the space by building more offices in the space. Generally, the owner requires to approve these changes prior to starting a project & also have you ensure it is to any applicable building codes.