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 net operating income to the purchase price of the asset.
Commercial Partners Realty, Inc. is pleased to announce that Kerra Almy has joined our team as an Administrative Assistant. She looks forward to providing support to our agents and clients, applying her marketing and administrative experience. Kerra joins us with a unique background in marketing, education and entertainment. She has developed programs for MOSI and…
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 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 welcomes broker David Culligan to our team. As an industry expert, Culligan represents commercial clients throughout their entire real estate pursuits. Operating out of the firm’s Tampa office, David is responsible for new business development, as well as all-inclusive consultation for his customers both locally and nationally. His ultimate goal is to…
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…
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…
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