Lease Basics 101 Written by Darren McCorkle One of the most important aspects of commercial real estate for anyone looking to lease space to understand is the difference between “Gross” and “Net” Leases. At its most fundamental, Gross and Net Lease structures deal with the apportionment of responsibility for the taxes and insurance, maintenance, utilities,…
Milan Center sells for $1.9 million We closed today on a transaction for the sale of the North Naples Milan Center, a two story office building on US 41 just north of the Mercato at Vanderbilt Beach Road in Naples, Florida. The building is approximately 12,000 square feet, and sold for $1.9 million to a local…
Part 4 of a series of photographs of interesting architecture from around the world. In this part I focus on some of the wackier buildings out there. Upside Down House – Szymbark, Poland Wooden Skyscraper – Archangelsk, Russia Snail House – Sofia, Bulgaria Calakmul “Washing Machine” Building Longaberger Basket Building –…
Valuation Methods in Commercial Real Estate, Part 2 Written by Darren McCorkle Last month we talked a bit about capitalization rates (aka cap rates), a valuation method commonly used in commercial real estate. It is certainly a valuable tool, but it is far from perfect. Luckily we are not completely out of options. Internal Rate…
Low risk or something more? Single tenant properties go by a few other names such as “Triple Net” and “NNN” properties. In essence they are properties that have a single building occupied by a single occupant. The occupant, or tenant, leases the property from the property owner and generally is responsible for all operating…
Leasing Opportunities in Naples, FL The Northern Trust Building The Northern Trust building is the perfect option for corporate and professional users looking to lease office space in Naples. Learn about the building by watching the video slideshow below. Dougall McCorkle, MBA Sales Associate and Commercial Specialist Premier Commerical, Inc., Licensed Real Estate Brokers…
Valuation Methods in Commercial Real Estate: One of the most common yardsticks used in commercial real estate investments is the “cap rate”, which is a shortening of “capitalization rate”. Simply put a cap rate is the basic yield that a property provides to an investor in relation to the value or purchase price of the…
Part 3 of a series of photographs of interesting architecture from around the world. In this part I focus on homes from around the world. Casapueblo – Maldonado, Uruguay Modeled after Mediterranean coastal homes, this was the house of a well-known Uruguayan artist. Edificio Mirador – Madrid, Spain Designed by a Dutch architectural…
Big Deals in Naples Notable 2012 Commercial Sales and Leasing Transactions The year 2012 saw several important commercial real estate transactions in Collier County (Naples), including the sale of the largest office building in the market, to several other important office and retail properties. See the list below of the top sales transactions in Collier…
Southwest Florida Commercial Real Estate Forecast – 2013 Steady As She Goes Two or three years ago there was serious doubt as to whether the real estate scene in Florida would ever recover from the Great Recession. For many players in the retail and investment sectors, Florida was the “F” word that should be avoided…