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…
Class A Office Space for Lease in The Fifth Third Bank Building on Vanderbilt Beach Road Florida Commercial Advisors is excited to announce that Dougall McCorkle, of Premier Commercial, now handles Leasing for the largest office building in the county. The Fifth Third Bank building includes 161,000 square feet of Class A office space. The…
Class A Office Space for Lease in Naples Premier Commercial now handles Leasing for the Prestigious SunTrust Building. Dougall McCorkle of Naples, Florida based Premier Commercial has been engaged by the owners of the Sun Trust Building in Naples to provide leasing services for this 70k square foot Class A office building. The building is…
Major Naples Office Building Sold The Premier Commercial team of real estate experts including Dougall McCorkle, Andrew DeSalvo and Matt Stepan along with Gary Jaarda represented the Buyer in the recent purchase of the $50 million Fifth Third Center in Naples, Florida. The building is Naples’ largest office building and includes 161,000 square feet of Class A office space.…
CAN LEVERAGE ACTUALLY BE THE MORE CONSERVATIVE APPROACH TO REAL ESTATE INVESTING? I would suggest that maybe a realistic level of debt may actually be a more conservative approach in real estate valuations today. I’m not suggesting that one loads up with 80% financing or a paltry debt service coverage of 110% or so, but what I would…
Current Health of the Naples Florida Retail Scene The retail scene in Naples Florida has enjoyed a fairly strong “season” in 2012 thus far. Having had the lead role in the development and leasing of some of the finest retail properties in Naples, like the Mercato, The Village on Venetian Bay and other Publix anchored shopping centers,…
Time to sell or time to buy? Flip a coin! If you read my commentary of February 19,2012 , I had made the assertion that this is a somewhat unique time in the business and economic cycle where one could make strong arguments why its a great time to be BOTH a buyer and a…
It’s a great time to Buy- It’s a great time to Sell As the nation goes through economic cycles over the generation no where are the gyrations to the real estate market so pronounced as in the State of Florida. Its a state known for booms and busts, from the 1920’s and before until the present…