When it comes to buying commercial real estate there is invariably often five mistakes that many would-be buyers make. 1- Overly obsessive on yield: Too focused on a getting a certain level of yield or cap rate. I have seen buyers turn down a great deal because they want a 6.5 yield when the…
With the plethora of information that is just a couple of clicks away on the Internet, commercial real estate is becoming more and more “efficiently priced”, just as other tradable markets and as espoused by the economic theorists. Sophisticated buyers have quantitative tools to quantify the risks and returns. With this in mind sellers…
One of the most expensive office condominiums in Naples (and probably Florida) was recently sold for $2.25 million, tipping in at a per square foot price of $800 per square foot. Dougall McCorkle of Premier Commercial was the listing agent for the Old Naples Seaport property, which was putting under contract within 30 days of…
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…
Land is no longer a “four letter word” in the world of real estate lingo. Ever since the last economic tailspin holding land (or maybe worse: lending on land) was a painful endeavor. In the Naples market, where I concentrate much of my time and efforts, there is a very significant lack of…
The biggest turn-around story in the Southwest Florida commercial real estate market has to be the industrial market. Driving through the industrial parks off of Pine Ridge Road or Airport Road in Naples 3 or 4 years ago would have painted a pretty bleak picture. Seemingly half the buildings were vacant and available for lease…
The office market, particularly the higher quality Class A office market, in Southwest Florida finally started to come alive in 2013 with a net absorption of 142,595 square feet in Southwest Florida. Collier County was the outright leader of the tri-county area, taking a commanding 85% of that total. The lesser quality Class B and…
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…