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, its Word of the Week Wednesday! Let’s take a look at lessee and lessor. In a lease agreement, the lessee (tenant) is defined as the party that pays for the use of the asset or property. The lessor (landlord) is the person that receives payments from the lessee in exchange for the usage…
Commercial Partners Realty (CPR) is pleased to announce that Kevin R. Yeager has joined our team as Vice President, Commercial Services. Kevin joins the CPR team after a decade at Colliers with a background in office, retail leasing, and tenant advisory services. CPR commercial services division focuses on partnering with national, regional, and local clients…
Jim Engelmann of Commercial Partners Realty represented the buyer, NAAM Property Management, in the purchase of the Bayshore Annex Building, located at 1001 S. MacDill in Tampa FL. The 2,735 SF building sold for $3,550,000. The multitenant office building in South Tampa is located just a few blocks away from Palma Ceia Country Club. The…
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…
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…
Commercial Partners Realty would like to wish everyone a happy Hanukkah this year!
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