Good Morning! It’s Word of the Week Wednesday. Let’s look at hard corner. A hard corner refers to
a property located at a major intersection with traffic lights, where the commercial property can
be considered more popular for retail.
Similar Posts
CPR Represents Seller in $4,000,000 Sale of Land Property in Odessa.
Commercial Partners Realty, Inc. announced today that Pasco land specialist, Jim Engelmann, represented PWS, LLC in the sale of approximately 10 acres of land on State Road 54 in Odessa, Florida. The transaction closed in mid-September for $4,000,000. Located along the highly desirable State Road 54 Corridor in Pasco County, the property is positioned midway…
FGCAR Announces CPR Team Pinnacle Award Winners!
The Florida Gulfcoast Commercial Association of Realtors (FGCAR) announced their annual Pinnacle Awards last week, celebrating brokers and their deals in the greater Tampa Bay area. The 2022 Pinnacle Awards was hosted at Feather Sound Country Club and presented by the immediate past President Kevin Yeager of Commercial Partners Realty and the new president Austin…
The CPR Team Welcomes a New Administrative Assistant
Commercial Partners Realty, Inc. is pleased to announce that Kerra Almy has joined our team as an Administrative Assistant. She looks forward to providing support to our agents and clients, applying her marketing and administrative experience. Kerra joins us with a unique background in marketing, education and entertainment. She has developed programs for MOSI and…
CRE WORD OF THE WEEK
Good morning! Welcome back to Word of the Week Wednesday! Today let’s look at 1031 exchange. A 1031 exchange is a provision from the U.S. Internal Revenue Code. It allows a seller to defer paying capital gains taxes when a property is sold, and proceeds are reinvested in another property within a certain timeframe.
CPR Represents Seller in Sale of Industrial Building in St. Petersburg for $1,200,000.
Austin Karrick, CPR’s Industrial specialist, represented the seller, Industrial Leasing Corp., in the sale of a 15,300 sf Industrial building for the full asking price of $1,200,000. The property is located at 3131 Morris St N, which is situated in the high demand area of St. Petersburg, and is only minutes away from the I-275…
CRE WORD OF THE WEEK
Here is our new Word of the Week! Take a look at Absorption; measured by a property’s square footage, absorption explains the rate of leased up or vacated properties.