It’s Word of the Week Wednesday again! Let’s introduce the phrase common area maintenance, or CAM.
CAM refers to additional expenses paid by tenants meant to cover costs of daily operations of the property.
The percentage of this fee is calculated by dividing tenant’s square footage by total square footage of the building.
Similar Posts
One Man’s Vision Leads to Neighborhood Success
When Frank Bozikovich looks at South St. Pete he doesn’t see its troubled past. Frank sees opportunity. As a long-term resident of Broadwater and local commercial Realtor, Frank’s daily commute took him past the challenged landscape of US 19 South. Properties in decline after the loss of most of the big box stores caused prospective…
CPR Represents Buyer in $3,550,000 Tampa Office Building Sale
Jim Engelmann of Commercial Partners Realty represented the buyer, NAAM Property Management, in the purchase of the Bayshore Annex Building, located at 1001 S. MacDill in Tampa FL. The 2,735 SF building sold for $3,550,000. The multitenant office building in South Tampa is located just a few blocks away from Palma Ceia Country Club. The…
CRE WORD OF THE WEEK
Good morning, its Word of the Week Wednesday! Let’s take a look at pro forma. Pro forma is a financial analysis forecasting a property’s cash flow using certain projections or presumptions. This can be estimated by using a combination of historical operating data growth assumptions and current market information.
CRE WORD OF THE WEEK
Welcome to the first Commercial Real Estate Word of the Week. With these new weekly posts, we want to explain terms, concepts and definitions to provide transparency of the real estate transaction process to our clients, partners and colleagues. We hope you enjoy and find our future posts valuable.
CRE WORD OF THE WEEK
Good morning everybody, It’s Word of the Week Wednesday! Let’s take a look at due diligence. Due diligence is the important process of investigating all issues and information on a property that would affect the desirability and purchase/sale of that property. A prospect is generally given a due diligence period to conduct inspections and tests…
CRE WORD OF THE WEEK
Good morning! It’s Word of the Week Wednesday! Today let’s look at Real Estate Investment Trust, or “ REIT ” for short. REIT is a type of investment portfolio company that allows individual investors to own fractional shares of income producing and commercial real estate. For investors, using REIT’s may help generate a steady income…