Oracle Law Group isn’t like most other law offices or small businesses. In fact, Melanie Beauchamp has sent a message to her clients—a message that says she means business and that she’s here to stay.
Four years ago, Melanie Beauchamp decided it was wasteful and pointless to continue paying $4,100 a month in rent for a 1,200-square-foot office in Ahwatukee Foothills. So instead, Beauchamp decided she would buy a place to call her own.
She purchased a 4,200-square-foot single-story office condo near 44th Street and Ray Road at a price of $160,000. Considering the freedom and sense of ownership the place provides, Beauchamp feels her decision to buy was well worth it.
Beauchamp doesn’t have to worry about anyone telling her how to decorate or that there are no pets allowed. Instead, she does with the space whatever she feels like.
“People know you are not fly-by-night,” said Beauchamp, a member of Phoenix’s Ahwatukee Foothills Village Planning Committee. “I put granite and travertine in here. Would I do that in a leased space?”
According to chairman of the Ahwatukee Foothills Village Planning Committee Doug Cole, office condos became popular around 2002. The common train of thought was ‘why pay rent when you can own a place?’
The trend of owning as opposed to renting likely has cut into business for traditional landlords, some estimates as high as 31 percent vacancy rates.
But Beauchamp says the reason to own is clear—there’s a camaraderie and pride of ownership at her place that you won’t find everywhere.
One of her fellow tenants is orthodontist Chris Woolaver, who installed a game room, big-screen televisions and a self-serve soda pop and ice cream bar to keep young patients happy while they wait.
Another is food broker Doug Schaefer, whose staff decorated the walls of his EJ’s Produce Sales Inc. with images of fresh produce. The complex also is home to a gym and a financial-planning service and will soon have a Montessori preschool.
Beauchamp said she designed her office from the slab up. It is decorated in soothing shades of brown, deep red and ocean blue. And the hallways are built to conceal one office from the next.
Just know that a lot of careful thought and preparation goes into not only the residence we call “work” but into each and every individual case.
This post was intended to provide general information only and is not intended as specific legal advice. You should not rely upon this information alone, but should consult legal counsel regarding the application of the laws and regulations discussed and as applied to your specific case or circumstance.