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 require payment in advance for the following period.
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CRE WORD OF THE WEEK
Good morning! It’s Word of the Week Wednesday. Lets take a look at Cold Shell. A cold shell refers to Any building that has no interior finishes, plumbing, lighting etc. The property is essentially bare, which provides greater opportunities for improvements and customization.
CPR Represents Seller, Landlord and Buyer of Two Properties In St. Petersburg.
The Mirror on Mirror Lake Drive Sold and Leased Commercial Partners Realty is pleased to announce that broker Scott Clendening has represented the seller and landlord of newest speculative quality office space in St. Petersburg. The Mirror, located at 132 Mirror Lake Drive N. is a modern, class A building, the new tenants will experience…
1031 Talk
Let’s talk about 1031 – not Halloween, but something that faced its own scare this fall – the tax deferment program used by many commercial real estate investors. The original version of the American Families Plan proposed a $500,000 cap on the popular capital gains deferment vehicle. However, the most recent version of the bill…
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.
CPR Team Announces Recent Transactions
The Commercial Partners Realty team is pleased to announce our recent commercial real estate transactions. Jim Engelmann represented the seller in the sale of sale of 165 Acres of land that sold in 2 phases during the past 6 months. The property was located on the busy State Rd 54 corridor in Pasco County, FL….
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/