Good morning, Here’s another Word of the Week Wednesday! Let’s look at income approach. Income approach is a type of appraisal method that allows investors to estimate the value of a property based on the income the property generates. One method is calculated by dividing the net operating income by the capitalization rate.
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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…
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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.
CRE WORD OF THE WEEK
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…
Commercial Partners Realty Negotiates Sale of 11,000 SF Skyway Marina District Office
Commercial Partners Realty team member Frank Bozikovich represented Almased in the sale of their 11,189 SF office building located at 2861 34th Street S., in St. Petersburg for $1.5 million. The property was purchased by an investor who plans to lease out the office space in the Skyway Marina District. Currently, office space in the…
Happy Labor Day!
Commercial Partners Realty wishes everyone a Happy Labor Day! Our offices will be closed Sept. 6th. We hope you’re enjoying a long weekend of relaxation. #laborday #laborday2021 #commercialpartnersrealty #commercialrealestate #longweekend #HappyLaborDay
Commercial Partners Realty Represents Buyers in Skyway Marina District and Wesley Chapel.
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