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The Sherman Agency in the News


Idaho Springs BBQ joint touches down in Denver

by Lynn Yen with Business Den

June 23, 2017

When it came time to expand out of Idaho Springs, a 10-year-old barbecue shop scoured Denver for three years before settling on a development with the perfect name.

Smokin Yard’s BBQ will open in September at the corner of West First Avenue and South Santa Fe Drive in a project called – appropriately enough – The Yard.

The barbecue joint recently took out a SBA loan for $620,000 to fund the new store, and borrowed $500,000 to switch from renting to owning its Idaho Springs store.

“We provide the best food and service, better than any of the other barbecue restaurants in town,” co-owner Ian Yard said, “based on what I’ve tried and what guests have told us.”

The Idaho Springs location sells 150 pounds of beef brisket every weekend. The fan favorite meat comes on a sandwich with a side for $10.
Smokin Yard’s was started a decade ago by Yard’s dad and brother, Alan and Scott. Originally from Texas, the Yard family moved to Colorado 30 years ago. Ian joined the business five years ago, and he and his wife Chris will run the new Denver location.

View the Full Article on Denver Business Journal
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Denver Real Estate Expert Discusses Different Classes of Buildings


March 22, 2017

There are many different types of office buildings, which is why there’s a classification system in place to categorize each building. This classification includes class A, class B, and class C. If you meet with a Denver real estate expert about finding an office space for your business or investing in an office building, he will use this rating to determine a fair price for the property. How are each of the classes defined? Here’s what you need to know:

Class A

Class A is considered the best of all three ratings. These buildings typically have high-end amenities, spacious lobbies, and on-site parking. To be considered a class A building, it must be located in a prime location that is highly sought after by tenants. These buildings are usually larger than other properties on the market and have been well maintained by previous owners. Most fancy high-rise buildings you see in downtown districts are classified as class A buildings. Many people want to rent or own class A buildings, but it’s important to keep price in mind. Because class A is considered to be the best of the best, you will have to spend more to get inside one of these buildings. Big name firms in the banking or legal industries tend to gravitate towards class A buildings.

Class B

If a building is classified as a class B, it’s considered to be average. You should expect a fairly nice building that is attractive and welcoming, but it won’t have the same on-site amenities that a class A building does. It also won’t be located in the a prime location. Many class B buildings are found in suburbs, which could be ideal for some businesses. These buildings are cheaper to rent or own than class A, and usually go for the average market rate. It’s possible that a building is initially classified as a class A building, but then is later downgraded to a class B after about a decade or so has passed. This happens when the building’s age causes some deterioration that affects its overall appearance.

Class C

Class C buildings are older buildings that have not been renovated. If you rent or buy a class C building, you may need to invest in it in order to repair major issues or make it more attractive to employees or customers. These buildings are much cheaper than class A or B buildings, so they tend to draw in smaller companies that cannot afford to rent out a nicer building. If you invest in a class C building, you could upgrade its rating to a class B, but not to a class A, which is reserved for newer construction only. Learn more about building class definitions.

Are you ready to buy commercial real estate in Denver? Talk to the professionals! Contact Denver commercial real estate experts at The Sherman Agency to learn about the various services we offer to customers in the Denver area! Call 303-572-8778 to speak to a member of our team of commercial real estate experts today!
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Denver Real Estate Expert Discusses Questions to Ask Before Buying Commercial Property


March 1, 2017

Unless you’re a seasoned commercial real estate professional, you may still question whether a commercial property you have your eye on is a good deal. There’s always a degree of uncertainty when it comes to investing in real estate, but there are some questions you can ask to help you determine whether you should move forward with buying a property. According to a local Denver real estate expert, you should always seek answers to these questions before making up your mind:

Does a survey match the property lines described in the listing?

Before buying a property, you need to ensure you know exactly where the property line begins and ends. This is established through a survey, but many property owners fail to get a survey done so they may not even be aware of the exact boundaries of their property. Before making an offer on a property, ask the seller to the see the survey results if they are available. See the top 10 reasons to have your property surveyed.

What is the property zoned for?

If you plan on using the property for commercial purposes, but it is currently zoned for residential use only, you need to know about this before you buy a property. It’s possible to request a rezoning with the city, but this can take time and can be a bit of a headache in some situations. If you don’t want to deal with the hassle of rezoning a property, make sure the property you are interested in is already zoned for your proposed use.

Are there tenants in the building?

Many commercial property owners will sell their property when there are tenants still inside. If this is the case, you will need to know so you can carefully review the terms of the lease. You should also personally meet the tenants if you are seriously considering buying the building to ensure you think they are trustworthy and won’t damage your investment property.

What are the annual expenses?

To determine whether you are going to profit off of the building, ask the current owner for information regarding the average annual expenses. How much does the current owner spend on maintenance and repairs? How much are property taxes? What about insurance? You will need an estimate of these expenses so you can calculate whether you will make money after the property is rented out to tenants. This can also help you determine how much you need to charge for rent in order to make a profit. Once you have this number, do some research to determine if the number you came up with is a fair asking price based on other rentals in the same area.

Are you ready to buy commercial real estate? Talk to the professionals! Contact Denver commercial real estate experts at The Sherman Agency to learn about the various services we offer to customers in the Denver area! Call 303-572-8778 to speak to a member of our team of commercial real estate experts today!
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Spotlight on Denver Commercial Real Estate: Awaken Gym


February 24, 2017

As experts in Denver commercial real estate, our team loves to get to know local businesses. This week, we’re putting the spotlight on one of our favorites, Awaken Gym.
 
Gymnastics for Adults
Awaken Gym may be a place where Denver locals go to get healthy and strengthen their bodies, but it’s unlike any other gym in the community. Instead of using bulky, complicated equipment, running on treadmills, or picking up heavy weights, customers of Awaken Gym participate in gymnastics strength training, which requires whole body participation. Because the whole body is a part of every workout, customers begin to build, tone, and sculpt muscle like never before.
 
Gymnastics for adults sounds fun, but what if you’ve never tried it before? There’s no need to worry. The staff at Awaken Gym is dedicated to keeping you safe and free from injuries. In fact, every beginner is required to go through the “Foundation” classes to learn more about the art of gymnastics before getting into the more difficult routines. These classes focus on increasing your flexibility, getting your joints ready for gymnastics, and helping you feel comfortable moving into a handstand on your own. It can be hard to trust an instructor with your safety, but you never have to worry about this as the head of instructor development at Awaken Gym is a U.S. Junior national Olympic gymnastic coach!
 
Awaken Gym Classes
There are so many different classes offered at Awaken Gym, that you can constantly change up your routine to focus on a new skill or try something different. After making it through the Foundation courses, gymnasts-in-the-making can attend a variety of Gymnastics classes, which focuses on building strength, increasing mobility, and improving balance and coordination. If you want to challenge yourself even more, try the Gymnastics Level 2 class, or Gymnastics Conditioning, which will get your heart pumping.
 
There are also classes that are focused on certain gymnastic skills. For example, if you want to try your hand at the stall bar, attend one of the classes dedicated solely to this equipment. Or, if you want to learn more about tumbling, attend a Tumbling class where you can learn somersalts, handsprings, and handstand walks. See the full list of classes here.
 
We’re not the only ones who think Awaken Gym is incredible. The gym has been voted Denver’s Best Gym, and has also been featured in major publications including The Huffington Post and Wall Street Journal. But, don’t take our word for it—try it out for yourself! If you’re interested in trying this unique workout for the first time, visit Awaken Gymnastics Strength Training at 777 Santa Fe Drive in Denver.
 
Are you ready to buy commercial real estate in Denver? Talk to the professionals who know the ins and outs of this community. Contact Denver commercial real estate experts at The Sherman Agency to learn about the various services we offer to customers in the Denver area! Call 303-572-8778 to speak to a member of our team of commercial real estate experts today!
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FAQs About Denver Property Management Companies


February 17, 2017

As an owner of commercial or residential rental properties, one of the first decisions you have to make is whether you want to maintain the property on your own or hire a third party company to help you do so. But, many landlords aren’t familiar with property management companies, so they aren’t sure how to make this choice. If you’re grappling with this decision, get the answers to your questions about Denver property management companies here:

What do property management companies do?

In general, property management companies can help you find tenants for your property, collect rent, handle maintenance and repair requests, and deal with legal issues such as evicting tenants who have failed to pay rent. Essentially, the property management staff is the face of your property, and deals directly with tenants so you don’t have to. But, the services may vary from company to company, so make sure you speak directly to a representative from the company you plan on working with to see what services they offer. Learn more about property management services here.

How do property management companies market your property?

Property management companies will keep track of your leases so they know when it’s time to start marketing units that will open up in the near future. These companies will be solely responsible for creating custom ads to attract new tenants to your property. Most companies will place these ads on the MLS, and on free listing websites. Once potential tenants start to respond to the ads, the property management company will handle showing the units, performing background checks, and preparing the lease. Before a tenant’s application is accepted, the property management company typically will perform a reference check, run their credit score, and ask for proof of income to ensure they won’t have any problems paying rent.

When should you hire a property management company?

There are a number of circumstances that warrant the hiring of a property management company. For example, if you have multiple rental properties, it may be easier to let one company handle all of the properties instead of having to juggle each of them on your own. Or, if you live outside of the city where your rental properties are, it’s probably best to let a company who can be-onsite at all times handle the management tasks.

How can you find a property management company?

If you have contacts in the industry, ask if they have any recommendations. Otherwise, use Google to create a list of property management companies in your area and then begin to research them. Do they have any online reviews from property owners and the tenants who have worked with them? Read these to see how the company was rated from both sides. You should call the companies you are interested in working with and ask them for references as well.

Do you have more questions about property management? Contact Denver commercial real estate experts at The Sherman Agency to learn about the various services we offer! Call 303-572-8778 to speak to a member of our team today!
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