Southcreek News

5 Reasons to Rent Commercial Office Space in Overland Park: Part II

Overland Park is not only a great location to lease commercial real estate because it is a good place to live, but also because it is a good location for businesses that involve heavy traveling or long commutes. Here are a few reasons why:

Easy highway access. Southcreek Overland Park is located near multiple major highways. Many of the buildings have easy access to Highway 69, and 435 is also nearby. This allows for commuters and travelers to easily get around the Kansas City area or even travel further.
Midwestern location. Though the Midwest may not seem like the most exciting place to plant a business at first glance, it does put you in the middle of the country, ensuring that you will never have to fly or drive all the way across the country for any trip.
Hotel/Motel Deals. There are a lot of useful amenities and services in the Overland Park area, but one that is particularly helpful to companies with travelling employees or clients is the abundance of hotels and motels. If you become a tenant of Southcreek Office Park, you can often get seasonal deals and discounts at different hotels in the area for you or your clients to take advantage of.

If you want to learn more about the Overland Park area and why setting up your business here is a good option even if you travel frequently, give us a call at 913-685-4100!

5 Reasons to Rent Commercial Office Space in Overland Park: Part I

Overland Park, Kansas might just be the perfect place for your business to settle into a commercial lease. There are several different benefits of both renting commercial property and living in Overland Park, one of which is that Overland Park, KS was in CNNMoney’s top 100 places to live in 2011. Here are a few stats that show why this town made the list:

•   Median family income (per year)- $101,267
•   Job growth percentage – 17.47%
•   Income Tax percentage – 3.50%-6.45%
•   Median home price – $210,241
•   Reading test scores (percentage above or below the state average) – 10.9%
•   Math test scores – 11.6%
•   Personal crime incidents (per 1,000) – 2
•   Property crime incidents (per 1,000) – 25
•   Restaurants – 2,555
•   High temperature in July ° F – 89.4°
•   Low temperature in January ° F – 19.9°
•   Median age – 37

All of this information could be helpful to know because if you chose to move your business to Overland Park, that might also mean relocating your life and your family. Not only is Overland Park a good place to establish a business, but things like test scores, crime incidents, and home prices show that it also a comfortable place to live and raise a family.

Want to learn more about why Southcreek Overland Park is such a great place for commercial office leasing? Stay tuned for more major reasons in future posts, or give one of our commercial real estate brokers in Overland Park a call at 913-685-4100!

Letters of Intent and Commercial Realty in Kansas City

Finding commercial property for your business can be a multi-step process. You need to find a location that will best serve your business, make sure the site is up to environmental standards, draw up a contract, and more. This can be a long and arduous process. Creating a letter of intent can be an efficient and nonbinding way to confirm with your lender the potential terms of your lease before undertaking the whole contract process. Here are a few thoughts from an expert on the usefulness of LOIs:

What is an “LOI” or letter of intent? An LOI is a document used in negotiations for the purchase or sale of a piece of commercial real estate. The purpose of an LOI is to set forth the basic business terms of the sale that both parties have discussed and agreed upon before drafting the contract. In most cases, LOIs expressly state that the terms of the LOI are understood by both parties to be not binding.
Should a leaser and renter of commercial property create a letter of intent? It may be in the best interest of both parties to utilize a letter of intent. Because the letter is a record of the essential business terms of the commercial property sale that have been mutually agreed upon, the LOI allows both parties to expeditiously conform in writing their thoughts on the contract and the sale.

Southcreek Office Park has affordable office space in Kansas City for businesses of all sizes. To start discussing a lease with us or find out more information, give us a call at 913-685-4100!

Environmental Site Assessments and Commercial Office Rental in Kansas City

Renting an office space for your business can involve some research and legwork to determine if the real estate you are considering is right for your business. Not only do you consider your business’s specific needs, but you also want to look at more general factors, such as the environment of the site itself. Here are a few questions and answers about this aspect of commercial property rental:

What exactly is an environmental site assessment? An environmental site assessment checks to determine whether real estate property is contaminated by any hazardous waste materials. There are two different types of environmental site assessments, one more rigorous than the other. A Phase I assessment involves simply a review of certain records and an inspection of the location, but no drilling, boring, or testing of land and water samples. However, a Phase II assessment does include more intense measures such as drilling and testing and can cost a lot more.
Do I need an environmental site assessment before I purchase commercial property? Sometimes lenders require an assessment, and often it makes sense to get one in instances where you business deals in manufacturing or if you are purchasing a service station. If these situations don’t apply to your case, it can be tempting not to get an assessment, but skipping this step could be a big liability to you if an environmental problem arises during your lease, even if the problem was not directly your fault.

Want to learn more about the location of our business space for rent in Overland Park? Give one of our commercial realtors in Overland Park a call at 913-685-4100!