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.
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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.
Commercial Partners Realty and Keller Williams Completed Bridgepoint Lot Sale in Mirror Lake District
We are pleased to announce that Commercial Partners Realty’s Broker Scott Clendening assisted Bridgepoint Church with the sale of their 0.70-acre parking lot property in the Mirror Lake District and situated at the corner of 3rd Ave N & 8th St. N. in St. Petersburg. On April 8t the parking lot was sold for $4,950,000…
CRE WORD OF THE WEEK
Good morning! It’s Word of the Week Wednesday. Let’s take a look at net operating income or NOI for short. NOI is the net income from a property that is gross revenues minus operating expenses, but before deducting capital expenditures, debt service, and taxes.
HAPPY HANUKKAH!
Commercial Partners Realty would like to wish everyone a happy Hanukkah this year!
CRE WORD OF THE WEEK
Good morning and welcome back to Word of the Week Wednesday! To start the new year of 2022, let’s talk about rental concessions. Rental concessions are incentives that landlords or property owners offer prospective tenants or buyers to influence or persuade them to sign the lease agreement. The typical concessions provided are free rent for…
HAPPY THANKSGIVING! OFFICE CLOSED 11/25-11/26
Commercial Partners Realty wishes everyone a happy Thanksgiving and Native American Heritage Month. Our offices will be closed November 25th-26th. Happy Holidays!