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.
Commercial Partners Realty agent Jim Engelmann was recently honored with the CREW Tampa Bay 2021 Sales Transaction Excellence Award. Engelmann earned the award for his work on the sale of the 164-acre Cypress Ranch development, in which he represented the sellers of the property, which sold for $13,750,000.00. Jim is a land specialist in Pasco…
Jim Engelmann of Commercial Partners Realty represented the buyer, NAAM Property Management, in the purchase of the Bayshore Annex Building, located at 1001 S. MacDill in Tampa FL. The 2,735 SF building sold for $3,550,000. The multitenant office building in South Tampa is located just a few blocks away from Palma Ceia Country Club. The…
Commercial Partners Realty agent Ceci Tricoli was recently honored with the CREW Tampa Bay 2021 Rising Star Excellence Award. Ceci was recognized for her work with a number of CREW committees and volunteer work with the organization at the annual CREW Economic Summit and as an ambassador for their monthly luncheons. “I am honored to…
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…
Commercial Partners Realty wishes everyone a Happy Veterans Day! We would like to extend our gratitude to our veterans and others who have served, past and present.
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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