Morning! It’s Word of the Week Wednesday again! Let’s look at grade level loading. Grade
level loading refers to a loading door or entryway of an industrial property that is leveled to
the ground or street. This type of loading door provides easy access for hand trucks, dollies
or fork lifts for product to be placed directly in the warehouse with drive in access.
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…
Good morning, welcome back to Word or the Week Wednesday! Let’s look at cash on cash return. Cash on cash return is a measure of the net annual return, minus debt service, the investor made on a property in relation to the amount of cash or equity applied to the purchase.
Good Morning! It’s Word of the Week Wednesday! Today we will look at Triple Net Lease (NNN). This is a legal agreement where the tenant is responsible for base rent and operating expenses. The “triple” refers to three standard expense items: Common Area Maintenance (CAM), real estate taxes, and property insurance. #TripleNetLease #commercialrealestate #wordoftheweek #CAM…
It’s Word of the week Wednesday! Let’s look at letter of intent or LOI. This letter helps property owners/landlords and buyers/tenants negotiate important information for a property of interest before completing a final binding contract.
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,…
The Tampa Bay industrial market is one of many nuances. There are some systematic similarities, but as real estate goes, location makes a difference. As a whole, the industrial market has continued to see strong growth as increased demand has resulted in higher property values and lease rates. As a result, new construction has continued…
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