Author: CPR Team

CPR Represents Two Sellers of Land Property Sold in Hudson and Zephyrhills.

CPR Represents Two Sellers of Land Property Sold in Hudson and Zephyrhills.

New development is happening everywhere in Pasco County, from Hudson in the West to Zephyrhills in the East! Commercial Partners Realty’s Jim Engelmann, aka “Mr. Pasco”, is a huge driver of this growth and recently assisted his clients in closing on two land deals in Hudson and Zephyrhills this last month. In Hudson, Jim represented…

Commercial Partners Realty’s Jim Engelmann Wins CREW Tampa Bay Excellence Sale of the Year Award

Commercial Partners Realty’s Jim Engelmann Wins CREW Tampa Bay Excellence Sale of the Year Award

Commercial Partners Realty agent Jim Engelmann was recently honored with the CREW Tampa Bay 2021 Sales Transaction Excellence Award. Engelmann earned the award for his work on the sale of the 164-acre Cypress Ranch development, in which he represented the sellers of the property, which sold for $13,750,000.00. Jim is a land specialist in Pasco…

Commercial Partners Realty’s Ceci Tricoli Wins CREW Tampa Bay Excellence Award

Commercial Partners Realty’s Ceci Tricoli Wins CREW Tampa Bay Excellence Award

Commercial Partners Realty agent Ceci Tricoli was recently honored with the CREW Tampa Bay 2021 Rising Star Excellence Award. Ceci was recognized for her work with a number of CREW committees and volunteer work with the organization at the annual CREW Economic Summit and as an ambassador for their monthly luncheons. “I am honored to…

CPR Represents Seller in Sale of Industrial Building in St. Petersburg for $1,200,000.

CPR Represents Seller in Sale of Industrial Building in St. Petersburg for $1,200,000.

Austin Karrick, CPR’s Industrial specialist, represented the seller, Industrial Leasing Corp., in the sale of a 15,300 sf Industrial building for the full asking price of $1,200,000. The property is located at 3131 Morris St N, which is situated in the high demand area of St. Petersburg, and is only minutes away from the I-275…

CPR WORD OF THE WEEK

CPR WORD OF THE WEEK

Good Morning! It’s Word of the Week Wednesday. Let’s look at hard corner. A hard corner refers to a property located at a major intersection with traffic lights, where the commercial property can be considered more popular for retail.

CRE WORD OF THE WEEK

CRE WORD OF THE WEEK

It’s Word of the Week Wednesday! Let’s take a look at clear height. Clear height is the height of a building starting from the ground floor to the bottom of the lowest hanging item on the ceiling. Hanging items include sprinklers, lights, structural beams, etc. 

CRE WORD OF THE WEEK

CRE WORD OF THE WEEK

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.

CRE WORD OF THE WEEK

CRE WORD OF THE WEEK

Good morning! It’s Word of the Week Wednesday. Lets take a look at Cold Shell. A cold shell refers to Any building that has no interior finishes, plumbing, lighting etc. The property is essentially bare, which provides greater opportunities for improvements and customization.

CRE WORD OF THE WEEK

CRE WORD OF THE WEEK

It’s Word of the Week Wednesday again! Let’s introduce the phrase common area maintenance, or CAM. CAM refers to additional expenses paid by tenants meant to cover costs of daily operations of the property. The percentage of this fee is calculated by dividing tenant’s square footage by total square footage of the building.

CRE WORD OF THE WEEK

CRE WORD OF THE WEEK

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…

CRE WORD OF THE WEEK

CRE WORD OF THE WEEK

Good morning! It’s Word of the Week Wednesday! Today let’s look at Real Estate Investment Trust, or “ REIT ” for short. REIT is a type of investment portfolio company that allows individual investors to own fractional shares of income producing and commercial real estate. For investors, using REIT’s may help generate a steady income…

CPR Represents Owner in Leasing Office Building to Health Care Group

CPR Represents Owner in Leasing Office Building to Health Care Group

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…

CRE WORD OF THE WEEK

CRE WORD OF THE WEEK

Welcome to the first Commercial Real Estate Word of the Week. With these new weekly posts, we want to explain terms, concepts and definitions to provide transparency of the real estate transaction process to our clients, partners and colleagues. We hope you enjoy and find our future posts valuable.

CRE WORD OF THE WEEK

CRE WORD OF THE WEEK

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.