Maximize Your Commercial Asset's NOI with Proactive Management.
At Key Commercial Property Management Division, our staff is dedicated to excellence in service for real estate owners and investors through professional and timely management of their portfolio-no matter the size.
Our clients appreciate that we work directly with them to share in their project objectives. We realize that not only is every project unique, but more importantly, so is each investor.
Asset Classes we Manage:
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Retail Strip Centers
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Office
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Warehouse
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Industrial
This is why we offer our clients an array of management options, such as:
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First Class Full-Service Property Management
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Tenant Location
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Worldwide Marketing through Costar and Loopnet
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Tenant Screening Services
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Lease Administration
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Maintenance Contract Management
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Income, Expense, and Capital Budgeting
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Common Area Maintenance (CAM) Reconciliation
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Marketing and Placement
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Commercial Portfolio Advisement
In addition to meeting the needs of Key Commercial Property Management‘s Division’s diverse clientele, we look to optimize our clients’ returns through proactive and detailed:
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Property Inspections
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Tenant Visitation and Retention
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Income Collections
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Expense Reduction Advisement
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Risk Management / Insurance Reviews
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Services and Supplies Contracting
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Customized Reporting
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Records Maintenance
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Lease Enforcement
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Space Planning and Design
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Tenant Improvement Coordination
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Construction Management
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24/7 Owner Portal Access
Commercial Team
Commercial Sales, Leasing and Management Services
Chris Sugden
Broker
Key Realty Southwest -Commercial
BS.144229
PM.167869
C 702-802-9227
chris@keyrealtysw.com
Brian Hartsell
Managing Partner
Broker
Key Property Management
BS.144229
PM.167869
C 702-823-0865
brian@keypm.com
Rainbow Commons Turnaround
The Challenge: An out-of-state investor purchased "Rainbow Commons," a 25,000 sq. ft. Office and Retail center in Las Vegas. The property had been self-managed by the previous owner and was suffering from neglect.
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Vacancy Rate: 40%
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Tenant Relations: Poor. Existing tenants were frustrated with unresolved maintenance issues and inaccurate CAM (Common Area Maintenance) charges.
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Financials: Net Operating Income (NOI) was stagnant, and operating expenses were bloated due to inefficient vendor contracts.
The Key PM Solution: The new owner brought in Key Commercial Property Management to execute a complete turnaround strategy.
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Immediate Triage & Tenant Retention: Our team immediately met with existing tenants to address their concerns. We dispatched our preferred vendors to fix long-standing maintenance issues, restoring trust.
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Financial & Lease Audit: We conducted a forensic audit of all leases. We uncovered significant errors in past CAM reconciliations, correcting billing moving forward and identifying uncollected revenue.
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Aggressive Marketing & Leasing: We launched a targeted marketing campaign on CoStar and LoopNet, highlighting the property's improvements. We leveraged our local brokerage network to find the right mix of tenants to revitalize the center.
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Expense Optimization: We re-bid all vendor contracts (landscaping, sweeping, security), utilizing Key PM's collective buying power to secure better service at lower rates.
The Results (Within 12 Months):
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Vacancy Reduced: From 40% down to 5%, with high-quality, long-term tenants.
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CAM Expenses: Reduced by 18% through strategic vendor management.
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Asset Value: The significant increase in NOI directly resulted in an estimated $1.2 Million increase in the property’s market value.
"Key PM didn't just manage my property; they rescued it. Their proactive approach to leasing and their forensic attention to the financials turned a distressed asset into the highest-performing property in my portfolio. I wouldn't trust my Vegas assets to anyone else."
— Michael R., Private Investor, California
