Good morning! It’s Word of the Week Wednesday. Let’s look at effective rent. Effective rent, expressed in dollars per square foot either per year or per month depending on market standards, it is a measurement of the value of the lease when all the concessions plus escalations are included.
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CRE WORD OF THE WEEK
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.)
CPR is Hiring!
Commercial Partners Realty is looking to hire ambitious and motivated sales associates to join our team in the Tampa bay area! Contact us if you’re Interested at https://www.commercialpartnersrealty.com/available-positions/
CRE WORD OF THE WEEK
Good morning, welcome back to Word or the Week Wednesday! Let’s begin with the phrase purchase and sale agreement, also known as a PSA. This type of agreement is between a seller and a buyer of real estate or investments that establishes several rights and obligations for both the seller and buyer.
Commercial Partners Realty, Inc. Announces sale of .12 AC of land for development in the Tampa CBD
Commercial Partners Realty, Inc. is pleased to announce the sale of a .12 AC parcel of raw land located at 1013 N. Franklin St, Tampa, FL 33602. The sale price was $850,000 which translates to over $7 Million per acre, making this one of the highest value per acre land transactions completed this year in…
CPR Represents Seller in $4,000,000 Sale of Land Property in Odessa.
Commercial Partners Realty, Inc. announced today that Pasco land specialist, Jim Engelmann, represented PWS, LLC in the sale of approximately 10 acres of land on State Road 54 in Odessa, Florida. The transaction closed in mid-September for $4,000,000. Located along the highly desirable State Road 54 Corridor in Pasco County, the property is positioned midway…
CRE WORD OF THE WEEK
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…