Copperwood Investments, LLC Contact Us

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After thirty successful years in the real estate business we have had the pleasure to work with many good people and businesses.  As a thank you to these individuals and companies that have assisted us in our accomplishments, we are pleased pass along their contact information for others to use and benefit from our experiences.  If we have worked together in the past and you would like your contact information included, please send a note to marks@copperwood-realestate.com.  Thanks again to all of those that have been an influence in our continued growth.       

Thank you for taking the time to view our website.  We hope that it was useful and helpful.  We appreciate any comments or suggestions on how we can improve the site in the future.  For addtional information or comments, you may contact us at the locations below.  Thanks again.  

Copperwood Investments LLC
6109 Blue Circle Drive
Suite 2100

Minnetonka, Minnesota 55343

Phone: (952) 392-1310

Fax: (952) 392-1309

Copperwood Management: 952-392-1312

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Welcome, Owners

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Welcome, Owners

Please log in below to view your property updates.

 

Our new Home office is located at 6109 Blue Circle Drive in Minnetonka, Minnesota  55343.  Stop by to visit or play a game of pinball, pool or darts.  

 

info coming soon

coming soon

 

Brokerage fees can be a little confusing, especially if it is your first time trying to understand them but I promise it is easier than 7th grade algebra…or maybe 12th grade calculus. The most important thing to remember is that Brokerage Fees are negotiable and may be different from company to company or even agent by agent. It is a good idea to get the negotiations completed before an offer to buy/sell or lease is completed. A typical brokerage commission can be broken down into two main categories, Sale and Lease.
Calculating a Sale fee is easy. “Anything left at the closing should be sent to the broker.” (after all we are the brokers). Actually, an average Sale brokerage fee for commercial property is around 6% of the agreed upon sales price, and is paid at the time of closing.   When selling your property one of two scenarios can happen; 1) The property can be sold directly to a Buyer by the listing broker (in house) or, 2)The property can be sold with the assistance of a co-broker.   In the event there is help from an outside brokerage firm, the 6% brokerage fee will be split 50/50 between the two parties. 
As we mentioned above, fees are negotiable. The more expensive a property is, the lower the brokerage fee will be. Other items that will be taken into account is the marketing time and expense incurred to market a property. For a quick deal with no expenses incurred, a Broker will usually charge a lower fee. 
Leasing Fees vary a little more. The typical Lease brokerage fee can fall into three categories: Industrial, Office and Retail.  The average fees outlined below are typical for the market today, and for guideline purposes only.
 If you are leasing an industrial property the brokerage fee is calculated with two factors, the term of the lease and the amount of the scheduled net rents. For example on a five year lease the fee would be calculated by taking 7% of the net rent in year one, 6% of the rent in year two, 5% of the net rent in year three, 4% of the net rent in year four, and 3% of the net rent in year five. On leases that extend further than five years it is 2% of the net rent for each year beyond year five.  This is known as a 7-6-5 fee, and is paid in a lump sum upon lease execution or occupancy of the space. If the property is leased with the assistance of an outside brokerage firm it could be 150% of the above calculation and then split 50/50 between the two co-operating brokers. 
If you are leasing an office, or retail, property brokerage fees are typically structured on a per square foot basis (keeping in mind the amount of net rental income). With an office lease the typical fees average $1.00 per square foot on a one year lease, $2.00 per square foot on a two year lease, $3.00 per square foot on a three year lease and $4.00 - $5.00 per square foot on leases five years or longer. If the property is leased with the help of an outside brokerage firm the fee structure remains the same but the fee amount changes, always keeping in mind what the rental income supports.
Medical office space and some up-scale retail spaces command a brokerage fee slightly higher due to the higher lease rates obtained. These fees can range from $4.50 -$7.00 per square foot no matter how long the term of the lease is. Again, if there is help from an outside brokerage firm it is 150% of the above calculation, and paid upon lease execution.
The bottom line is………each deal is different and every broker is different. Fees can always be modified to fit each deal. Good luck and call any one of us to discuss this further!

coming soon

 

Case Study - Client Success

The Business Bank – Property Management and Brokerage Services

The Situation

- Lender obtained control of commercial property
- The property included two separate buildings on one legal parcel
- Zoning code presented challenges
- Required skilled property management
- Focused on selling the property for the highest price in a short time frame

The Approach

- Integrate the property marketing and asset management into one seamless platform
- Provide complete accounting services, tenant management and property maintenance
- Create a marketing plan to attract the greatest number of potential buyers
- Increase the value by subdividing the property into two parcels

The Solution

- Execute the property marketing plan, tenant management and maintenance program
- Manage the property entitlement and C.U.P process
- Negotiate a sale to two separate buyers at the best price and terms
- Manage the transaction through closing

The Results

- Copperwood sourced two buyers and closed the transactions
“The Copperwood Team performed above and beyond and always protected our interests in the asset preservation and sale.”

Jon Gloppen, Vice President, The Business Bank

 

U.S. Department of Housing and Urban Development
Institute of Real Estate Management
Minnesota MultiHousing Association
National MultiHousing Council
St. Paul Association of Responsible Landlords 
Minnesota Attorney General / Housing
Minnesota Affordable Housing

Neighborhood Finder
More Real Estate News & Information
Urban Institute
Business Monitor International
National Association of Home Builders
Mortgage Bankers Association
Bankrate.com 
Minnesota Housing & Finance Agency
Minnesota Real Estate Journal
Minnesota State Data Map
EQUITAX  
National Association of Counties
The Better Business Bureau


Government
Federal Reserve Board
Federal Reserve Board of Minneapolis
Bureau of Economic Analysis 
Office of Federal Housing Enterprise Oversight
Congressional Budget Office
U.S. Department of Commerce
Small Business Administration
The Conference Board
U.S. Census Bureau
Minnesota Chamber of Commerce
Post Office     
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Minnesota Utility Providers 
Energy Information Administration
Bureau of Public Debt
Social Security Administration
U.S.Department of the Treasury
Federal Deposit Insurance Corporation
U.S. Government Export Portal
The White House
Federal Reserve Bank Economic Research

 

County Taxation Sites   
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Lending
Fannie Mae / FederalNational Mortgage Association (FNMA)
Freddie Mac / Federal Home Loan Mortgage Corporation (FHMC)
Ginnie Mae / Government National Mortgage Association (GNMA)


1031 Real Estate Exchanges
First American Exchange Company
Starker Services
Guaranty Escrow of Minnesota
Fidelity National
1031 Exchange Services, Inc.


Closing and Title Companies
Stewart Title
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Universal Title
Chicago Title
Minnesota Land Title


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Mapquest
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Minnesota Maps by County  
Minnesota Department of Natural Resources Maps
Weather
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ENTERTAINMENT
Explore Minnesota-The MN Dept. of Tourism
North Star - Official State Web site

Minneapolis Visitors Bureau

St. Paul Visitors and Convention Bureau
City Search
Restaurant Guide
Children's Museum of Minnesota

Science Museum of Minnesota

Walker Art Center
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The Ordway Center for the Performing Arts

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Ticketmaster Online
Mystic Lake Casino
Mall of America

Valley Fair Amusement Park
Minneapolis Public Library
St. Paul Public Library
Minnesota Landscape Arboretum
Minnesota Fishing Resort Guide
Northwest Airlines
Minnesota Monthly-Special Events
Yahoo Minnesota
Where To Have Fun In Minnesota
About.Com Guide to Minneapolis/St. Paul, MN
Met Council-Metro Transit

MEDIA
Minnesota Newspaper Directory
Star Tribune

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City Pages

93x

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KS95

Minnesota Public Radio

WCCO

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KSTP 

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Reuters 
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OTHER
Gillitte Children's Hospital
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SEARCH ENGINES
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