Good morning, its Word of the Week Wednesday! Let’s take a look at ingress and egress. These two words refer to the same issue of rights. Ingress refers to the right to enter onto a property, while egress refers to the right to exit a property. The rights to enter or exit the property may be determined by the property’s location near adjacent roads or local regulations.
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…
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…
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.
Welcome to the first Commercial Real Estate Word of the Week. With these new weekly posts, we want to explain terms, concepts and definitions to provide transparency of the real estate transaction process to our clients, partners and colleagues. We hope you enjoy and find our future posts valuable.
Last weekend, we had the pleasure of having a holiday dinner party with our CPR Team and extended family! Hors d’oeuvres, family style sides and assorted entrées were enjoyed at Bascom’s Chop House. We are reminded how much our family loves and supports our hard work all year ‘round. From the CPR Family, may your…
Good Morning! It’s Word of the Week Wednesday! Today we will look at Triple Net Lease (NNN). This is a legal agreement where the tenant is responsible for base rent and operating expenses. The “triple” refers to three standard expense items: Common Area Maintenance (CAM), real estate taxes, and property insurance. #TripleNetLease #commercialrealestate #wordoftheweek #CAM…
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