Good morning, Here’s another Word of the Week Wednesday! Let’s look at income approach. Income approach is a type of appraisal method that allows investors to estimate the value of a property based on the income the property generates. One method is calculated by dividing the net operating income by the capitalization rate.
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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.
Commercial Partners Realty Negotiates Sale of 11,000 SF Skyway Marina District Office
Commercial Partners Realty team member Frank Bozikovich represented Almased in the sale of their 11,189 SF office building located at 2861 34th Street S., in St. Petersburg for $1.5 million. The property was purchased by an investor who plans to lease out the office space in the Skyway Marina District. Currently, office space in the…
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Welcome back to Word of the Week Wednesday! Last week we discussed Common area maintenance expenses, to follow up, let’s look at Occupancy cost. This charge is the total expense any property user pays for occupying a property or space. This includes tenants that are leasing and property owners. Please note, occupancy cost does not…
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It’s Word of the Week Wednesday! Let’s look at Accessibility. When an agent refers to this, they are talking about the convenience of entering a property. This could mean easy access from the street by a motor vehicle, property accommodations and even ADA compliance (Americans with Disabilities Act.)
CPR is Hiring!
Commercial Partners Realty is looking to hire ambitious and motivated sales associates to join our team in the Tampa bay area! Contact us if you’re Interested at https://www.commercialpartnersrealty.com/available-positions/
Commercial Partners Realty Welcomes Ceci Tricoli
Commercial Partners Realty, Inc. is pleased to announce that Ceci Tricoli has joined our team as Vice President, Office Specialist. She looks forward to providing our clients with professional guidance, helping them buy, sell or lease office space throughout the Tampa Bay area. “We are delighted to welcome Ceci to Commercial Partners Realty. She prioritizes…