Commercial Real Estate Brokerage
The Summit Team’s extensive real estate experience and ability to analyze commercial property value in its respective market conditions allows sell/hold decisions to be made with confidence. All assets managed by Summit’s commercial real estate professionals are continually evaluated to determine whether to sell, hold or acquire commercial properties to attain a growth pattern and to maximize value.
Learn more about our Commercial Real Estate Brokerage services.
Property Management
Acting as owners on behalf of their clients’ investments, Summit’s seasoned professionals originate effective, creative strategic programs for each property. Summit Real Estate Services’ Property Management and Leasing Professionals assume responsibility for the execution of these programs.
Learn more about our Commercial Property Management services.
Redevelopment
Redevelopment is a significant, yet infrequently applied process that utilizes experience in planning and design, detailed financial analysis, and construction management. Summit’s clients receive specialized expertise and service via in-depth analysis of the property’s potential. Through redevelopment, an asset’s value is enhanced by improved profit and better positioning in the market in alliance with the clients’ short and long term objectives.
Summit views commercial property as an investment that continually requires monitoring so as to secure it’s position in the market. In essence, Summit manages to ensure that the value of the asset is improved, thereby maximizing the profit for tenants and the investor.
Consulting Services
Summit Real Estate Services gets its name from offering a full spectrum of services in the real estate arena. The seasoned experts at Summit provide expertise in the areas of brokerage, management and redevelopment to outside investors on a fee basis. Summit strives for long term relationships but understands there are special situations that require expert direction on a one-time basis. The ability to analyze investors’ individual circumstances makes Summit the professional choice for consulting services in any area of commercial real estate by using both expert staff and professional outside sources as needed.
Tenant Representation
The Summit Team’s experience in both the retail and office environments allows them to locate the most appropriate and desirable climate for their clients’ business. Serving southern Indiana, Kentucky and southern Illinois, this aspect of Summit’s services is beneficial to local, regional and national clients. At Summit, as Exclusive Representative, representatives have the ability to research site selection, relocation and expansions throughout the desired market. Summit targets qualified locations through in-depth market and site analysis. It’s relationships with commercial property owners, developers and managers affords Summit an extensive portfolio of alternatives to offer its clients. Summit’s philosophy is to develop it’s business through relationships built on service to its clients by fulfilling both short and long term goals. This knowledge is obtained through communication with clients and years of experience in retail management and development of shopping centers. Once a location has been selected, Summit’s professionals are qualified to negotiate lease and/or purchase terms on the clients’ behalf, saving them months of painstaking time, effort and travel.
FAQS
Q: What should I look for in a property management company?
A: When choosing a property management company, look for a company with a good reputation,
experience in managing properties similar to yours, and clear and transparent communication and
reporting processes. Contact us today to learn more about us and the services we provide!
Q: What services do you provide in my area?
A: We provide Commercial Leasing and Brokerage, Real Estate Development, Tenant/Landlord Representation, Property and Asset Management, Acquisition and Disposition, Investment Analysis, Financial Analysis, Reporting and Accounting in the Evansville and Tri-State area. Contact us today to learn more!
Q: What is commercial real estate?
A: Commercial real estate is a broad term that describes the physical properties used in
business. It includes office buildings, retail stores, warehouses, industrial parks and more.
Q: What is the difference between residential and commercial property management?
A: Residential property management is focused on managing rental properties for individual tenants,
while commercial property management is focused on managing properties for businesses. The latter often involves more complex contracts and negotiation.
Q: Is buying commercial real estate a good investment?
A: The best reason to invest in commercial over residential rentals is the earning potential,
especially considering the more extensive time commitment involved for residential properties
(business vs emotion). Commercial properties typically have an annual return based on the
purchase price of between 6% and 12%, depending on the area, current economy, and external
factors.
Q: What is property management?
A: Simply put, Property Management is the administration of a real estate property, including overseeing the maintenance, rent collection, enforcement of lease clauses, annual budgeting/forecasting, monthly financial reporting, bill paying, and leasing of the property.
Q: How much does property management cost?
A: The cost of property management can vary depending on the size and type of the property and the
services provided. On average, it can cost between 5-12% of the monthly rent. Contact us to learn
more about this!
Q: What services do property management companies provide?
A: We assume responsibility for the execution of these programs to improve and enhance real
estate values by maximizing revenues, minimizing costs, affecting timely disposition and
ultimately generating the superior return expected by Summit’s clients. To this end, Summit will
not compromise the aesthetics of our investors’ projects by implementing short-sighted
economies.