Author: CPR Team

CRE WORD OF THE WEEK

CRE WORD OF THE WEEK

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 and Keller Williams Completed Bridgepoint Lot Sale in Mirror Lake District

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

CRE WORD OF THE WEEK

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.

CPR is Hiring!

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/

CRE WORD OF THE WEEK

CRE WORD OF THE WEEK

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…

CRE WORD OF THE WEEK

CRE WORD OF THE WEEK

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.

CRE WORD OF THE WEEK

CRE WORD OF THE WEEK

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.

CRE WORD OF THE WEEK

CRE WORD OF THE WEEK

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.

Commercial Partners Realty Represents Buyers in Skyway Marina District and Wesley Chapel.

Commercial Partners Realty Represents Buyers in Skyway Marina District and Wesley Chapel.

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…

CPR Represents Seller, Landlord and Buyer of Two Properties In St. Petersburg.

CPR Represents Seller, Landlord and Buyer of Two Properties In St. Petersburg.

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…

CRE WORD OF THE WEEK

CRE WORD OF THE WEEK

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.

CRE WORD OF THE WEEK

CRE WORD OF THE WEEK

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.

CRE WORD OF THE WEEK

CRE WORD OF THE WEEK

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.

CPR Represents Landlord and Buyer of Two Properties In Pinellas County

CPR Represents Landlord and Buyer of Two Properties In Pinellas County

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…

CRE WORD OF THE WEEK

CRE WORD OF THE WEEK

Good morning, it’s Word of the Week Wednesday! Let’s talk about the option of right of first refusal. The right of first refusal is a contractual right that gives the option holder the opportunity to buy or lease the property before another buyer or tenant’s offer is accepted.