Good morning! It’s Word of the Week Wednesday. Let’s take a look at net operating income or NOI for short.
NOI is the net income from a property that is gross revenues minus operating expenses, but before
deducting capital expenditures, debt service, and taxes.
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.
When Frank Bozikovich looks at South St. Pete he doesn’t see its troubled past. Frank sees opportunity. As a long-term resident of Broadwater and local commercial Realtor, Frank’s daily commute took him past the challenged landscape of US 19 South. Properties in decline after the loss of most of the big box stores caused prospective…
Let’s talk about 1031 – not Halloween, but something that faced its own scare this fall – the tax deferment program used by many commercial real estate investors. The original version of the American Families Plan proposed a $500,000 cap on the popular capital gains deferment vehicle. However, the most recent version of the bill…
David Culligan of Commercial Partners Realty and Jon Slater of Lincoln Property Company represented Peltz Shoes in the sale of a 60,000 SF building situated on a 4.39-acre site to Private Label Skin Care, for $4,725,000. Founded by Chris and Gayle Estey, Private Label Skincare Florida currently based in Dunedin, FL, began as a small…
Commercial Partners Realty is pleased to announce that Marko Radosavljevic has joined our real estate team. Marko began his career in 2017 when he graduated from the University of South Florida with a bachelor’s degree in marketing. His first job after college was with a digital marketing agency, where he quickly realized his true passion…
Commercial Partners Realty team member Frank Bozikovich represented Almased in the sale of their 11,189 SF office building located at 2861 34th Street S., in St. Petersburg for $1.5 million. The property was purchased by an investor who plans to lease out the office space in the Skyway Marina District. Currently, office space in the…
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