One of Southwest Florida’s more unique retail venues, Flamingo Island Flea Market, recently was sold for $8.5 million. The deal was represented and brokered by Dougall McCorkle of Premier Commercial and Michael Lynch of MLPA Realty. Flamingo Island was first developed over 15 years ago and has since had a strong history of consistent…
Dougall McCorkle represented a private investor in the acquisition of a 71,000 square foot office building in Gainesville Florida, which sold for $8.36 million. The building is a single purpose building that has a long term lease with New Media Group, the parent company of the Gainesville Sun newspaper. The property traded at just…
As insulated Americans most of us don’t realize that the currency rates have a bigger impact on our local economy than we may know. Since the fourth quarter of last year the European currency, the Euro, has dropped about 30% in value compared to the US dollar, now sitting at about a 12 year…
2013 and 2014 have been “red-hot” years for the sale of “single tenant” properties. Single tenant asset (aka “NNN” or “triple net”) investments where the income property is leased back by a single tenant. Unfortunately, much too often some of the basic investment fundamentals are overlooked by yield hungry investors. Five of the most…
Every year the leading national commercial real estate data research firm CoStar culls through its vast data and selects the top commercial real estate deal makers and awards them with their coveted “Power Broker” designation. They again selected Dougall McCorkle, along with a very select few other professionals, as being the Southwest Florida’s best for…
As we leave a strong commercial real estate climate of 2013 behind us, 2014 should be even stronger so long as we remain free of any major geo-events that may throw us off the course of continued prosperity. We were fortunate that 2013 was relatively devoid of any derailments, although the ineptness of Washington in…
Dougall McCorkle represents buyers for this High Tech Industrial Campus Dougall McCorkle of Naples based Premier Commercial represented an investment group on the recent $2.5 million acquisition of a 30,000 square foot office/industrial campus in Naples, FL at 3750 Enterprise Road. The building, formally known as the E.B. Simmonds building is one of the most…
Dougall McCorkle represents buyer for Uptown Center An undisclosed private investor purchased the 75,000 square foot Uptown Center in North Naples for $11.2 million. The neighborhood shopping center is located next to Sam’s Club at the Southwest corner of Immokalee Road and Airport Road. The center has been a popular destination for the neighboring communities…
Dougall McCorkle of Premier Commercial represented buyers for the acquisition of a 30,000 square foot Class A office/warehouse complex in Naples Florida. When I first heard that the property at 3750 Enterprise was just being listed for sale, I knew this was one the best bargains that I had seen for a long time. This…
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…