Good morning! It’s Word of the Week Wednesday. Let’s look at effective rent. Effective rent, expressed in dollars per square foot either per year or per month depending on market standards, it is a measurement of the value of the lease when all the concessions plus escalations are included.
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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…
CPR Represents Landlord and Buyer of Two Properties In Pinellas County
The Westcot building in ICOT Business Center is sold then fully leased. Commercial Partners Realty is pleased to announce that broker Scott Clendening has represented the buyer, ICOT Blvd., LLC in the acquisition of a 41,000 SF flex building situated on 3.19 acres in a business park in Clearwater Florida. Subsequently, Scott Clendening represented the…
Commercial Partners Realty Represents Buyers in Skyway Marina District and Wesley Chapel.
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CPR Congratulates Operations Manager for ACoM
Commercial Partners Realty is pleased to announce Operations Manager Dana Koay has received her ACoM (Accredited Commercial Manager) designation. She has passed the necessary education to show core competency in commercial property management. Congratulations Dana! You are the property management Rockstar!
CRE WORD OF THE WEEK
Good morning, its Word of the Week Wednesday! Lets take a Look at Commercial Information Exchange, or CIE. A CIE is a listing service for commercial properties to be advertised to other commercial brokers and sometimes to the public while providing information on availabilities, recent sale or lease transactions, market statistics, and contacts.
CRE WORD OF THE WEEK
Good morning, it’s Word of the Week Wednesday! Let’s talk about the option of right of first refusal. The right of first refusal is a contractual right that gives the option holder the opportunity to buy or lease the property before another buyer or tenant’s offer is accepted.