Chase Erkins is a commercial real estate agent for Lee & Associates Idaho. He is based out of the historic Hoff Building and works in the booming commercial real estate sector in SW Idaho. In coming months, Chase will be writing a sponsored column for BoiseDev called Chase on Spaces. But first, an introduction:
- What first got you into the commercial real estate space?
Real estate has always been an area of interest for me, I grew up in a small town in southern Idaho where my parents and grandparents owned land and property, and a few family members are real estate agents as well. I was feeling bored with the everyday routine of my previous banking job and looking for a change when I was introduced to my current broker. The commercial sector had never been on my radar, but I saw it could be a good fit for me and decided to jump in.
- What are some areas you specialize in?
The areas I enjoy the most are office and retail sales/leasing, and multifamily sales. The diversity of these property types bring all different types of client needs that make each day interesting and something to look forward to. Starting out in the business though, I wanted to do everything and learn my strengths along the way. I found there is something about each product type I enjoy, and I always look forward to the variety and flexibility to serve clients in every area.
- You've said you are passionate about getting value for your clients - how do you go about that?
Every type of client has a different set of needs that help me add value to their experience. For Landlords and Sellers, when it’s time to sell or do succession planning I will underwrite their property, keep them in the know of what is happening in the commercial real estate market, and effectively market their properties for sale and/or lease when the time is right. For Buyers and Tenants, it’s important to help them understand the market and advise them on their next move, then work with them through the due diligence process to make sure the property is the right fit for them. Aside from that, there are some small, simple things I make sure to do that add to a client’s experience. Returning phone calls quickly, arriving on time and keeping a high level of professionalism are examples of what I do to ensure value.
- What is your favorite project you've worked on?
I’ve had the pleasure of working on a lot of great projects, but the one that stands out the most to me was a purchase of a Taco Bell in Southern Idaho, where I assisted a client through the process of using his IRA as part his financing source. This was a unique transaction that kept myself and everyone involved on our toes until the successful day of closing. This was a big win for my client, who ended up making a much better return on his retirement money than he was in his previous IRA investments.
- You are a fixture in downtown Boise - what is your favorite part about the city's core?
There is so much to love about Boise, especially Downtown Boise, it’s tough to choose. I’d have to say it’s being able to walk down 8th Street at any time of the day and expect to see a friend or familiar face walking along the street or enjoying a meal on a patio. I’ve learned to leave early for a Downtown meeting if I’m planning on walking, to allow some time for some quick side conversations!
- When you're away from the office, what keeps you busy?
When I’m not in the office I enjoy spending time with my family and friends. Going to the park, swimming pool, biking, golfing, taking part in community events and going out to eat are frequent occurrences.