Good morning, its Word of the Week Wednesday! Let’s take a look at rentable area. Rentable area refers to the tenant’s usable square footage of a property alongside their portion of the building’s common area.
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Commercial Partners Realty and Keller Williams Completed Bridgepoint Lot Sale in Mirror Lake District
We are pleased to announce that Commercial Partners Realty’s Broker Scott Clendening assisted Bridgepoint Church with the sale of their 0.70-acre parking lot property in the Mirror Lake District and situated at the corner of 3rd Ave N & 8th St. N. in St. Petersburg. On April 8t the parking lot was sold for $4,950,000…
CRE WORD OF THE WEEK
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…
CPR WORD OF THE WEEK
Good Morning! It’s Word of the Week Wednesday. Let’s look at hard corner. A hard corner refers to a property located at a major intersection with traffic lights, where the commercial property can be considered more popular for retail.
CPR Represents Seller in Sale of Industrial Building in St. Petersburg for $1,200,000.
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…
Commercial Partners Realty Represents Buyer in Grand Central District.
Commercial Partners Realty is pleased to announce that our retail specialist Frank Bozikovich has closed on a new deal in the Grand Central District of Downtown St. Petersburg Florida. Frank represented the buyer BLR Financial, LLC in the purchase of an 8,000 SF Property located at 1900 Central Avenue, St. Petersburg. This property was sold…
CRE Market Insights – Land
The Land Outlook The last several months have created a tremendous amount of rethinking, retooling and reacting due to COVID-19. Many of the usually strong commercial real estate products have been hit hard by the pandemic and its effect on different industries. Hotels, bars, assisted living facilities, as well as an already compromised retail sector,…