Good morning and welcome back to Word of the Week Wednesday! Let’s look at Offering Memorandum;
a presentation that provides the most prospective buyers with detailed information about a property on the market.
This presentation would include building description, demographics, summary of property’s history and more.
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.
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…
The Tampa Bay Office Market is currently in a transition period right now. With many employees working from home or in a mixed office/home scenario employers are working to right-size their work space. While some companies are looking to downsize, others are looking to expand, creating a safer environment for their employees. This has led…
Good morning, it’s Word of the Week Wednesday again. Let’s take a look at full-service lease. A full-service lease is a lease that has an all-inclusive rental rate which includes both the base lease rental rate, utilities, janitorial costs and the operating expenses combined into one amount.
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…
Broker Scott Clendening of Commercial Partners Realty represented the seller, BridgePoint Church in the sale of an 11,312 SF office building located at 6735 Crosswinds Dr., St. Petersburg FL for $2,250,000. Prior to the sale, Clendening represented Bridgepoint in Leasing the entire building to Diagnostic Medical Clinic Group, represented by Paul Rutledge and Jen Ward…
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