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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…
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.
Commercial Partners Realty Welcomes Ceci Tricoli
Commercial Partners Realty, Inc. is pleased to announce that Ceci Tricoli has joined our team as Vice President, Office Specialist. She looks forward to providing our clients with professional guidance, helping them buy, sell or lease office space throughout the Tampa Bay area. “We are delighted to welcome Ceci to Commercial Partners Realty. She prioritizes…
CRE WORD OF THE WEEK
It’s Word of the Week Wednesday! We’ve got another cool phrase from the commercial real estate business. Let’s take a look at capitalization rate, also known as cap rate. The cap rate is the rate of return that investors receive on an income producing property. The cap rate is calculated as the ratio between the…
CPR Team Member Closes 123 Acre Land Sale in Pasco County
Commercial Partners Realty is pleased to announce the sale of 123 acres of retail and multifamily land in the first phase of a mixed-use development on the State Road 54 corridor in Pasco County. CPR Team member Jim Engelmann represented the sellers, Smith HV & Smith MV Co-Trustees & Dolcimascolo MM et al, in the…
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.