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.
Commercial Partners Realty has had a robust year thus far in 2022, completing 56 commercial real estate transactions in the Tampa Bay Market. Below are some of our influential transactions we in the 3rd quarter: CPR Broker Scott Clendening represented the Tenant Gemini Engineering & Sciences Inc., in the lease of an office space for…
Good morning, Here’s another Word of the Week Wednesday! Let’s look at return on investment, or ROI. An ROI is a measure used to evaluate the efficiency or profitability of an investment by directly measuring the amount of positive cash flow over a period of time, plus disposition equity realized on a particular investment divided…
Good morning, its Word of the Week Wednesday again! Let’s look at short sale. A short sale occurs when the sale price of a property is less than the amount owed to the lender and when the lender accepts this amount as full payment for the asset. Those funds not repaid to the lender can…
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!
Morning everyone! It’s Word of the Week Wednesday again! Let’s look at floor area ratio. Floor area ratio, or FAR, is the connection between the total square footage of a building and the total square footage of the land parcel on which the building is located.
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…
Commercial Partners Realty is pleased to announce some new transactions for our second quarter year of 2022. Our retail specialist Frank Bozikovich represented the buyer and land specialist Jim Engelmann represented the seller, of a 2-parcel lot in Wesley Chapel, located at 6250 Oakley Blvd and 5620 Wesley Grove Blvd. Mishorim Gold Tampa, LP., Sold…
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…
Commercial Partners Realty has had a robust year thus far in 2022, completing 56 commercial real estate transactions in the Tampa Bay Market. Below are some of our influential transactions we in the 3rd quarter: CPR Broker Scott Clendening represented the Tenant Gemini Engineering & Sciences Inc., in the lease of an office space for…
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.
It’s Word of the Week Wednesday! Let’s take a look at vacancy rate. Vacancy rate is a measurement expressed as a percentage of the vacant space in a rental property, such as a hotel, divided by the total amount of units of the property.
Good morning, its Word of the Week Wednesday again! Let’s look at warm shell. Warm shell refers to any building that is minimally fitted with basic services that may include lighting, plumbing and HVAC. This makes the building ready to lease.
The Mirror on Mirror Lake Drive Sold and Leased Commercial Partners Realty is pleased to announce that broker Scott Clendening has represented the seller and landlord of newest speculative quality office space in St. Petersburg. The Mirror, located at 132 Mirror Lake Drive N. is a modern, class A building, the new tenants will experience…
Good morning, its Word of the Week Wednesday! Let’s take a look at rentable area. Rentable area refers to the tenant’s usable square footage of a property alongside their portion of the building’s common area.
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…
Good morning, Here’s another Word of the Week Wednesday! Let’s look at usable area. Usable area refers to space in a building that is available specifically to the tenant for use. Usable area is usually office or retail space that the tenant has sole control over.
Good morning and happy New Year! It’s Word of the Week Wednesday, and it’s the last Wednesday of 2021! Let’s take a look at build-to-suit. Build-to-suit refers to a commercial space or building that is constructed to the client’s specifications and needs. The user of that space or building will have input on concept, design,…
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