Colorado Limited Liability Company
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Acting as Tenant Broker, Excell Fund, representing Family Dollar in Northern Colorado, has successfully leased 14 new stores and 133,753 square feet. And in 1998 Excell Fund leased 11 new stores and 15,500 square feet for H&R Block in Denver Metro. How much can Excell Fund do for you? We
at Excell Fund hope that we can have the opportunity to prove the valuable
services we can provide to you. Everyone at Excell Fund is committed to
excellence and look forward to extending this commitment to serve you and your
company’s needs. Looking
to Lease?
What are the best locations for your company? When you get ready to lease retail space, have a checklist ready of what you need and how you are going to get it. Use a tenant's broker. The following are some of the reasons why it is to your advantage:
Excell
Fund is on your side. We have the expertise in the commercial real
estate market. A tenant's broker is looking out for your best interest and not
the best interest of the landlord. The
landlord's representative is looking out for the best interest of the landlord. The
landlord pays the broker’s a
commission. The landlord normally has a set percentage of the deal to be paid to
the participating brokers, including the landlord's broker and the
buyer/tenant's broker. You
will leverage your time instead of
driving around and having to learn the market.
Excell Fund will do the legwork and allow you to focus on your business
and not be distracted. Excell
Fund will provide you with a market
survey so your company can be aware of the market rates for commercial space
in the different parts of the market. Many
buildings have space available but may not have signs on the outside so you may
not find all the space that is available in a given market. A good tenant broker
should uncover all the potential space in your target market. Excell
Fund can negotiate a deal to your
advantage. Evaluate
your company's current locations. By
planning your locations wisely, you can save money. Project your company’s growth plans.
Evaluate your growth patterns and project your future growth. What are
you going to do if the growth rate slows down? This is a crucial question to
have answered before entering into a lease.
What are your sub-lease options? Do you have exit provisions in your
lease? Commercial real estate is a significant part of your budget. Get a competitive contractor’s bid on space finish. What permits, hearings, approvals, and delays should be anticipated? This information will allow your company to properly budget and estimate costs and lead-time. Location,
Location, Location.
Where is the best location for your company? Where are your customers? What image should your commercial real estate space communicate to your clients, employees and shareholders? How easy is the access, now and in the future? What kind of signage will your location enjoy? How does the space lend itself to your use? What kind of co-tenants will exist where, and how will they affect your business? How is the parking laid out, and how will that affect your clients? What kind of rate and lease incentives can be negotiated? What are the detailed demographics of the market, both macro and micro? And the bottom-line question, what kind of projected volume might you enjoy in the location. The
groundwork to answer these questions can be supplied by a good commercial real
estate leasing representative, |