Good morning, its Word of the Week Wednesday again! Let’s look at warm shell. Warm shell refers to any building that is minimally fitted with basic services that may include lighting, plumbing and HVAC. This makes the building ready to lease.
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CPR Represents Owner in Sale of Mid-Pinellas Office/Warehouse Building
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…
CRE WORD OF THE WEEK
Good morning, welcome back to Word or the Week Wednesday! Let’s look at paid in arrears. Paid in arrears is a payment for services, such as utilities, after the services have been used, rather than paying for a service in advance. Fun fact: In Florida, real estate taxes are paid in arrears, while most insurances…
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.
HAPPY THANKSGIVING! OFFICE CLOSED 11/25-11/26
Commercial Partners Realty wishes everyone a happy Thanksgiving and Native American Heritage Month. Our offices will be closed November 25th-26th. Happy Holidays!
Recent Transactions
The QA Team of Dan Quarles, Austin Karrick and Erica Lovingood continue to have a strong year in 2019. The following are the most recent transactions from Commercial Partners Realty’s Pinellas County Office/Industrial team. Represented the landlord, Mainstream America, Inc., in the lease of 15,000 SF of flex space in the Petersburg Commerce Center, located…
CPR Represents Seller in $2,250,000 Sale of St. Petersburg Office Building
Broker Scott Clendening of Commercial Partners Realty represented the seller, BridgePoint Church in the sale of an 11,312 SF office building located at 6735 Crosswinds Dr., St. Petersburg FL for $2,250,000. The Tyrone area office building featured in a recent St. Pete Catalyst article was sold to private investors. Located adjacent to the Tyrone…