Good morning, Here’s another Word of the Week Wednesday! Let’s look at usable area. Usable area refers to space in a building that is available specifically to the tenant for use. Usable area is usually office or retail space that the tenant has sole control over.
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…
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, its Word of the Week Wednesday again! Let’s look at short sale. A short sale occurs when the sale price of a property is less than the amount owed to the lender and when the lender accepts this amount as full payment for the asset. Those funds not repaid to the lender can…
It’s Word of the Week Wednesday! Let’s look at Accessibility. When an agent refers to this, they are talking about the convenience of entering a property. This could mean easy access from the street by a motor vehicle, property accommodations and even ADA compliance (Americans with Disabilities Act.)
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…
The Tampa Bay Office Market is currently in a transition period right now. With many employees working from home or in a mixed office/home scenario employers are working to right-size their work space. While some companies are looking to downsize, others are looking to expand, creating a safer environment for their employees. This has led…
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