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Commercial Partners Realty Represents Tenant in Spectrum Technology Park.

Commercial Partners Realty Represents Tenant in Spectrum Technology Park.

Commercial Partners Realty is pleased to announce that our President broker, Scott Clendening, has successfully represented the tenant Ensurem, LLC in securing a new office space. The leased suite, located in the Spectrum Technology Park at 8550 Ulmerton Road, offers a generous 11,490 square feet of premium office space that will undoubtedly accommodate the growing…

Commercial Partners Realty Represents Tenant in Waterfront Arts District.

Commercial Partners Realty Represents Tenant in Waterfront Arts District.

Commercial Partners Realty is pleased to announce that our office specialist Erik Anderson has represented the tenant SpaceLab Development, in the sublease of office space located at 100 2nd Avenue South. SpaceLab Development is extending its reach from Detroit and broadening its co-working services that offer various membership levels, ranging from a virtual mailbox to…

Commercial Partners Realty Represents Tenant in St. Petersburg Restaurant Lease.

Commercial Partners Realty Represents Tenant in St. Petersburg Restaurant Lease.

Commercial Partners Realty is pleased to announce that our retail specialist Frank Bozikovich has closed on a new and interesting deal in the last quarter of 2022. Commercial Partners Realty is pleased to announce that our retail specialist Frank Bozikovich has closed on a new and interesting lease deal to start the last quarter of…

Commercial Partners Realty Represents Tenant in the Tampa Airport Industrial Sub-market.

Commercial Partners Realty Represents Tenant in the Tampa Airport Industrial Sub-market.

Commercial Partners Realty is excited to announce that our Airport Industrial specialist Marko Radosavljevic has recently completed a lease transaction for his client, the Tampa Bay Times. The lease was for 16,185 SF of warehouse space in the Thompson Center II industrial park located at 5411 & 5505 Johns Rd Tampa. This location is ideal…

CRE WORD OF THE WEEK

CRE WORD OF THE WEEK

Good morning, welcome back to Word or the Week Wednesday! Let’s look at paid in arrears. Paid in arrears is a payment for services, such as utilities, after the services have been used, rather than paying for a service in advance. Fun fact: In Florida, real estate taxes are paid in arrears, while most insurances…

CRE WORD OF THE WEEK

CRE WORD OF THE WEEK

Good morning, its Word of the Week Wednesday! Lets take a look at special warranty deed. Special warranty deed is a deed in which the seller, also known as grantor, of a property only warrants against problems or encumbrances in the property title that occurred during the grantor’s ownership.

CRE WORD OF THE WEEK

CRE WORD OF THE WEEK

Good morning, its Word of the Week Wednesday again! Let’s look at modified gross lease. Modified gross lease is a lease agreement where the tenant of a property is responsible for the base rent and splits other expenses with the landlord. The landlord may cover property taxes, insurance, and property maintenance while the tenant may…

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, its Word of the Week Wednesday! Let’s take a look at pro forma. Pro forma is a financial analysis forecasting a property’s cash flow using certain projections or presumptions. This can be estimated by using a combination of historical operating data growth assumptions and current market information.

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.

CRE WORD OF THE WEEK

CRE WORD OF THE WEEK

Good morning, welcome back to Word or the Week Wednesday! Let’s look at cash on cash return. Cash on cash return is a measure of the net annual return, minus debt service, the investor made on a property in relation to the amount of cash or equity applied to the purchase.

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/