Compass Commercial Real Estate: Quote of the day!

Compass Commercial Real Estate: Quote of the day!: "You don't get harmony when everyone sings the same note." -Doug Floyd-

Quote of the day!

"You don't get harmony when everyone sings the same note."

-Doug Floyd-

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "One of life's greatest rules...you cannot hold a torch to light another's path without brightening your own." -Unknown-...

Quote of the Day!

"One of life's greatest rules...you cannot hold a torch to light another's path without brightening your own."

-Unknown-

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: “I can't change the direction of the wind, but I can adjust my sails to always reach my destination.”   - Jimmy Dean -

Quote of the Day!

“I can't change the direction of the wind, but I can adjust my sails to always reach my destination.”

 - Jimmy Dean -

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "It's not the years in your life that count.  It's the life in your years." -Abraham Lincoln-

Quote of the Day!

"It's not the years in your life that count.  It's the life in your years."

-Abraham Lincoln-

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "Obstacles are those frightful things you see when you take your eyes off the goal." - Henry Ford -

Quote of the Day!

"Obstacles are those frightful things you see when you take your eyes off the goal."

- Henry Ford - 

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "Successful people are always looking for opportunities to help others.  Unsuccessful people are always asking, "What's in it ...

Quote of the Day!

"Successful people are always looking for opportunities to help others.  Unsuccessful people are always asking, "What's in it for me?"

-Brian Tracy-

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "Twenty years from now you will be more disappointed by the things that you didn't do than by the ones you did do, so throw off the...

Quote of the Day!

"Twenty years from now you will be more disappointed by the things that you didn't do than by the ones you did do, so throw off the bowlines, sail away from safe harbor, catch the trade winds in your sails.  Explore, Dream, Discover."

- Mark Twain -

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "Nobody can go back and start a new beginning, but anyone can start today and make a new ending." - Maria Robinson -

Quote of the Day!

"Nobody can go back and start a new beginning, but anyone can start today and make a new ending."

- Maria Robinson - 

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "In the confrontation between the stream and the rock, the stream always wins - not through strength, but through persistence." ...

Quote of the Day!

"In the confrontation between the stream and the rock, the stream always wins - not through strength, but through persistence."

- Buddha -

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "Optimism is the faith that leads to achievement.  Nothing can be done without hope and confidence." -Helen Keller-

Quote of the Day!

"Optimism is the faith that leads to achievement.  Nothing can be done without hope and confidence."

-Helen Keller-

Compass Commercial Real Estate: Qoute of the Day!

Compass Commercial Real Estate: Qoute of the Day!: "If you learn only methods, you'll be tied to your methods, but if you learn principles you can devise your own methods." -R...

Qoute of the Day!

"If you learn only methods, you'll be tied to your methods, but if you learn principles you can devise your own methods."

-Ralph Waldo Emerson-

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "Our greatest weakness lies in giving up.  The most certain way to succeed is always to try just one more time." -Thomas Edison-...

Quote of the Day!

"Our greatest weakness lies in giving up.  The most certain way to succeed is always to try just one more time."

-Thomas Edison-

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "What ever the mind of man can conceive and believe, it can achieve." - Napoleon Hill -

Quote of the Day!

"What ever the mind of man can conceive and believe, it can achieve."

- Napoleon Hill -

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "Our greatest weakness lies in giving up.  The most certain way to succeed is always to try just one more time." - Thomas P. Edi...

Quote of the Day!

"Our greatest weakness lies in giving up.  The most certain way to succeed is always to try just one more time."

- Thomas P. Edison -

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: “When one door of happiness closes, another opens; but often we look so long at the closed door that we do not see the one which has been op...

Quote of the Day!

“When one door of happiness closes, another opens; but often we look so long at the closed door that we do not see the one which has been opened for us.” 

― Helen Keller

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "One of Life's greatest rules...you cannot hold a torch to light another's path without brightening your own." - Unknown...

Quote of the Day!

"One of Life's greatest rules...you cannot hold a torch to light another's path without brightening your own."

- Unknown -

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "Defeat is not the worst of failures.  Not to have tried is the true failure." - George Edward Woodberry -

Quote of the Day!

"Defeat is not the worst of failures.  Not to have tried is the true failure."

- George Edward Woodberry -

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "We learn something from everyone who passes through our lives.  Some lessons are painful, some are painless, but all are priceless.&qu...

Quote of the Day!

"We learn something from everyone who passes through our lives.  Some lessons are painful, some are painless, but all are priceless."

-Unknown-

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "Accept responsibility for your life.  Know that it is you who will get you where you want to go, no one else." -Les Brown-

Quote of the Day!

"Accept responsibility for your life.  Know that it is you who will get you where you want to go, no one else."

-Les Brown- 

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "Ability is what your capable of doing.  Motivation determines what you do.  Attitude determines how well you do it." -Raymond C...

Quote of the Day!

"Ability is what your capable of doing.  Motivation determines what you do.  Attitude determines how well you do it."

-Raymond Chandler-

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "It's hard to wait around for something you know might never happen; but it's harder to give up when you know it's everythi...

Quote of the Day!

"It's hard to wait around for something you know might never happen; but it's harder to give up when you know it's everything you want."

-Unknown-

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "Though no one can go back and make a brand new start, anyone can start from now and make a brand new ending." -Carl Bard-

Quote of the Day!

"Though no one can go back and make a brand new start, anyone can start from now and make a brand new ending."

-Carl Bard-

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "The Difference between a successful person and others is not a lack of strength, not a lack of knowledge, but rather a lack of will.&q...

Quote of the Day!

"The Difference between a successful person and others is not a lack of strength, not a lack of knowledge, but rather a lack of will."

-Vince Lombardi-

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: “It had long since come to my attention that people of accomplishment rarely sat back and let things happen to them. They went out and happe...

Quote of the Day!

“It had long since come to my attention that people of accomplishment rarely sat back and let things happen to them. They went out and happened to things.” 

― Leonardo da Vinci

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "Wanting something is not enough. You must hunger for it. Your motivation must be absolutely compelling in order to overcome the obstac...

Quote of the Day!

"Wanting something is not enough. You must hunger for it. Your motivation must be absolutely compelling in order to overcome the obstacles that will invariably come your way."

-Les Brown-

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "Happiness does not come from doing easy work but from the afterglow of satisfaction that comes after the achievement of a difficult ta...

Quote of the Day!

"Happiness does not come from doing easy work but from the afterglow of satisfaction that comes after the achievement of a difficult task that demanded our best."

-Theodore Isaac Rubin-

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "We are made wise not by the recollection of our past, but by the responsibility for our future." -George Bernard Shaw-

Quote of the Day!

"We are made wise not by the recollection of our past, but by the responsibility for our future."

-George Bernard Shaw-

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "A Successful man is one who can lay a firm foundation with the bricks other have thrown at him." -David Brinkley-

Quote of the Day!

"A Successful man is one who can lay a firm foundation with the bricks other have thrown at him."

-David Brinkley- 

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "I don't measure a man's success by how high he climbs but how high he bounces when he hits bottom." -George S. Patton-

Quote of the Day!

"I don't measure a man's success by how high he climbs but how high he bounces when he hits bottom."

-George S. Patton-

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "Most of the important things in the world have been accomplished by people who have kept on trying when there seemed to be no hope at ...

Quote of the Day!

"Most of the important things in the world have been accomplished by people who have kept on trying when there seemed to be no hope at all."

-Dale Carnegie-

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "Success is to be measured not so much by the position one has reached in life as by the obstacles which he    has overcome." - ...

Quote of the Day!

"Success is to be measured not so much by the position one has reached in life as by the obstacles which he    has overcome."

- Booker T. Washington - 

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "Desire is the key to motivation, but it's determination and commitment to an unrelenting pursuit of your goal - a commitment to ex...

Quote of the Day!

"Desire is the key to motivation, but it's determination and commitment to an unrelenting pursuit of your goal - a commitment to excellence - that will enable you to attain the success you seek."

-Mario Andretti-

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: “No matter how much you plan, it is tenacity, unyielding desire to succeed, and the ability to cope with change that will eventually prevail...

Quote of the Day!

“No matter how much you plan, it is tenacity, unyielding desire to succeed, and the ability to cope with change that will eventually prevail.”

-Perry Payne- 

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "We are all inventors, each sailing out on a voyage of discovery, guided each by a private chart, of which there is no duplicate.  The ...

Quote of the Day!

"We are all inventors, each sailing out on a voyage of discovery, guided each by a private chart, of which there is no duplicate.  The world is all gates, all opportunities."

-Ralph Waldo Emerson-

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "Without inspiration the best powers of the mind remain dormant.  There is a fuel in us which needs to be ignited with sparks." ...

Quote of the Day!

"Without inspiration the best powers of the mind remain dormant.  There is a fuel in us which needs to be ignited with sparks."

-Johann Gottfried Von Herder-

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "If you want to succeed in the world, you must make your own opportunities as you go on.  The man who waits for some seventh wave to to...

Quote of the Day!

"If you want to succeed in the world, you must make your own opportunities as you go on.  The man who waits for some seventh wave to toss him on dry land will find that the seventh wave is a long time a coming.  You cannot commit no greater folly than to sit by the roadside until some one comes along and invites you to ride with him to wealth or influence."

- John B. Gough -

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "Action is a great restorer and builder of confidence.  Inaction is not only the result but the cause of fear.  Perhaps the action you ...

Quote of the Day!

"Action is a great restorer and builder of confidence.  Inaction is not only the result but the cause of fear.  Perhaps the action you take will be successful; perhaps different action or adjustments will have to follow.  But any action is better than no action at all."

-Norman Vincent Peale-

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "Every great dream begins with a dreamer.  Always remember, you have within you the strength, the patience, and the passion to reach fo...

Quote of the Day!

"Every great dream begins with a dreamer.  Always remember, you have within you the strength, the patience, and the passion to reach for the stars to change the world."

-Harriet Tubman-

Compass Commercial Real Estate: Qoute of the Day!

Compass Commercial Real Estate: Qoute of the Day!: "You must learn from the mistakes of others. You can't possibly live long enough to make them all yourself." - Sam Levinson ...

Qoute of the Day!

"You must learn from the mistakes of others. You can't possibly live long enough to make them all yourself."

- Sam Levinson -

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "A man who views the world at 50 the same as he did at 20 has wasted 30 years of his life." - Muhammad Ali -

Quote of the Day!

"A man who views the world at 50 the same as he did at 20 has wasted 30 years of his life."

- Muhammad Ali -

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "Surround yourself only with people who are going to lift you higher." - Oprah Winfrey -

Quote of the Day!

"Surround yourself only with people who are going to lift you higher."

- Oprah Winfrey -

Growth in the technology and energy industries is adding extra pop to the commercial real estate rebound!

While New York and Los Angeles continue to rack up the highest dollar volumes of transactions, tech-heavy centers like Seattle, Orlando and San Jose, Calif., are seeing some of the fastest growth rates.

The energy boom is heating up demand in Austin, Texas, which is also a tech hub. Elsewhere in the energy-rich state, Dallas and Houston have slower growth rates, but they were enough to lift the dollar volumes above Boston's last year. And in Manhattan, technology and media companies are filling up commercial real estate that law firms and financial companies are vacating, said Marisha Clinton, capital markets research director at Jones Lang LaSalle.

The provider of real estate and investment services says Seattle drew 138% more transaction dollars in 2012 vs. 2011 for commercial properties worth $5 million or more. Austin leapt 131%, and Orlando jumped 105%. By comparison, Manhattan rose 25%. Los Angeles, with some help from tech and financial services, saw 48% growth and topped the nationwide average of 27%. U.S. sales volume is expected to grow about 15% this year to $271 billion, the most since the peak of $425.2 billion in 2007.

That improvement includes apartments, which have been in higher demand as Americans remain less willing or able to buy homes. Job creation is gradually picking up too, and as Yahoo's (YHOO) recent decision to limit telecommuting showed, companies still find value in having employees in the same building.

Meantime, tech and energy companies aren't just driving sales of real estate for server farms and drilling. Their activity boosts demand for multifamily housing, warehouses and offices as well.Online retailers like Amazon (AMZN), for example, are snapping up distribution centers to fill orders around the country.

"They need a lot of warehouses," Clinton said. "E-commerce has benefited industrial property.
While different property types benefit, tech's presence in places like Seattle and Northern California is clear. When Jones Lang LaSalle looked at properties traded over the last 12 months, the occupants have been tech firms, Clinton explained.More funds are available for deal making too. In search of higher yields, institutional investors are pouring money into top commercial properties.

Pension funds and overseas sovereign wealth funds are also piling in, real estate investment trusts are raising record amounts of capital, and commercial mortgage-backed securities are recovering. The additional funds have increased competition in top-tier cities, where the availability of high-profile "trophy assets" is limited. That's sending more investors to prime real estate in smaller cities, Clinton said.

Foreign capital going into U.S. commercial real estate is climbing too. Last year, cross-border transactions rose about 11% to $27 billion, with this year shaping up to increase another 15%-20%. Houston shows that while the city is known for the energy industry, investment has been widespread.

Medical firms and companies relocating from higher-cost states are contributing to demand, said Darrell Betts, a Houston-based principal at commercial real estate services firm Avison Young.
"All property types in Texas are extremely competitive," he said, including multifamily, office, retail and industrial. New construction is also improving, and the development of a nearby corporate campus for Exxon Mobil (XOM) is boosting residential activity, he added.

For more information on current Orlando Commercial Listings call Compass Commercial Real Estate at (407) 647-5111, ask for Mike Sigrist. Or log onto www.compassorlando.com

1063 Maitland Center Commons now available!

The Compass Organization.......

Located in The Fountain Square Building in Winter Park, Florida, The Compass Organization, Inc. has been involved in the development, acquisition, management and brokerage of Central Florida commercial real estate since 1971..
The Compass Organization is a full-service real estate brokerage and investment firm providing an array of services, resources and expertise for all types of real estate transactions. Activities of the Compass Organization are performed by five specialized divisions. See the About Us section for a list of those companies.

Our Portfolio has held many well-known Orlando and Central Florida real estate properties including office buildings, retail centers, industrial complexes, mobile home parks, hotels and apartment buildings.
We consider communication with our clients a priority. We use the latest in computer and telecommunications technology including Landmaster Software which produces accurate and easy to understand reports for property owners. For clients who like to be informed when there are new and interesting Real Estate Investment Opportunities in the Central Florida Area we offer an Information Registry. We also communicate in Spanish. Se Habla Español.
As buyer, partner or broker, The Compass Organization, Inc. offers prompt assistance for investors in today’s Orlando, Florida real estate market, and develops real solutions for owners confronting complicated investment decisions.

A current Property that is available is 1063 Maitland Center Commons, Maitland FL 32752.
This property is for sale or could be leased. Present tenant is on a short term lease so the whole building could be available!

 Video coming soon! for ore info log onto www.compassorlando.com or call Mike at (407) 647-5111

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "Whenever you are asked if you can do a job, tell 'em "Certainly, I can!" Then get busy and find out how to do it." ...

Quote of the Day!

"Whenever you are asked if you can do a job, tell 'em "Certainly, I can!" Then get busy and find out how to do it."

Theodore Roosevelt

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "Discovery consists of looking at the same thing as everyone else and thinking something different." Albert Szent-Gyorgyi

Quote of the Day!

"Discovery consists of looking at the same thing as everyone else and thinking something different."

Albert Szent-Gyorgyi

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "The most important trip you may take in life is meeting people half way." Henry Boyle

Quote of the Day!

"The most important trip you may take in life is meeting people half way."

Henry Boyle 

Great Investment Opportunity in Self Storage Market!

A recent article in The Wall Street Journal  by A.D. Pruitt reports a growing demand for a surprising class of commercial real estate.  Self storage, although a quiet and small market, has, "became more popular over the past few years after catching the eye of a growing number of private-equity investors and entrepreneurs who, armed with cheap financing and dwindling options for high-yielding investments, started bidding up properties," according to Pruitt's article "Self Storage Gains Cachet as Values Rise."
A recent sale of self-storage properties by Acadia Realty Trust for $300 million has gotten a lot of attention recently because of the exceptionally low 5.5% cap rate on the deal. A 5.5% cap rate is interesting to investors because, " As the amount that an investor is willing to pay for a building rises, the cap rate falls. In other words, falling cap rates means rising values." The Acadia sale, along with a few other transactions, have had, " cap rates...similar to those on trophy office skyscrapers and upscale apartment buildings."
A couple of things contribute to the growing popularity of self storage; first, there is the perception that consumers will always need storage options regardless of the economic climate. Another contributing factor is the relatively small supply of storage space and the conservative building plans for the future. This lack of supply, and therefore competition, means that raising rents is a fairly common and painless concurrence. " Landlords...have been raising rents 5% or higher over the past couple of years on existing tenants."
This trend of rising rental rates and increasing value for self storage commercial real estate might not continue forever, but for the moment self storage is one of the hottest games in town.

Compass Commercial Real Estate, based out of Winter Park Florida agrees with The A.D. Pruitt Report. Compass Commercial manages and sells Commercial Real Estate throughout Orlando and the Central Florida area. Mike Sigrist of Compass Commercial Real Estate says they have a facility in Kissimmee name "The Attic Self Storage" that is available and it would be a fantastic investment opportunity for any investor. The asking price is $995,000 and Mr. Sigrist say's that is a steal for any investor right now. You can see the facility at www.theatticfl.com

Mr. Sigrist states there has been an upswing in the Commercial Real Estate market in the last year, we are very excited about the future of Commercial real Estate and the investment opportunities we can take advantage of as well as our clients can take advantage of for 2013. Please visit Compass Commercial Real Estate to see more investment opportunities!

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "Business is a series of great opportunities brilliantly disguised as impossible situations." -Unknown-

Quote of the Day!

"Business is a series of great opportunities brilliantly disguised as impossible situations."

-Unknown-

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "If you have the courage to begin, you have the courage to succeed." David Viscott

Quote of the Day!

"If you have the courage to begin, you have the courage to succeed."

David Viscott 

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "It is not death that a man should fear, but he should fear never beginning to live." Marcus Aurelius

Quote of the Day!

"It is not death that a man should fear, but he should fear never beginning to live."

Marcus Aurelius

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "If you don't like something, change it.  If you can't change it, change your attitude". Maya Angelou

Quote of the Day!

"If you don't like something, change it.  If you can't change it, change your attitude".

Maya Angelou

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "There are only two basic ways of establishing competitive advantage: do things better than others or do them differently." Karl...

Quote of the Day!

"There are only two basic ways of establishing competitive advantage: do things better than others or do them differently."

Karl Albrecht 

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "You can turn painful situations around through laughter.  If you can find humor in anything, even poverty, then you can survive it.&qu...

Quote of the Day!

"You can turn painful situations around through laughter.  If you can find humor in anything, even poverty, then you can survive it."

Bill Cosby 

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "The life you have led doesn't need to be the only life you'll have." Anna Quindlen

Quote of the Day!

"The life you have led doesn't need to be the only life you'll have."

Anna Quindlen

Compass Commercial Real Estate: Net Lease Alternative

Compass Commercial Real Estate: Net Lease Alternative: Net Lease Alternative For investors considering NNN Properties but who would like to invest less capital (cash) and still have little to...

Compass Commercial Real Estate: Lease Types

Compass Commercial Real Estate: Lease Types: Lease types Absolute Triple Net (NNN) The tenant pays operating expenses such as maintenance, repairs, taxes and replacement for the e...

Compass Commercial Real Estate: What is a Sale Leaseback?

Compass Commercial Real Estate: What is a Sale Leaseback?: What is a Sale Leaseback? A Real estate sale leaseback is when a business sells its commercial property for current market value and the...

Compass Commercial Real Estate: What is a Ground Lease?

Compass Commercial Real Estate: What is a Ground Lease?: What is a Ground Lease? A ground lease is a method for separating ownership of the improvements (building) from the ownership of the u...

Compass Commercial Real Estate: What is Built to Suit?

Compass Commercial Real Estate: What is Built to Suit?: What is Build-to-Suit? In a build-to-suit the landlord builds the improvements for the tenant and the tenant leases them back typically ...

Compass Commercial Real Estate: Determining Cap Rates for NNN Properties

Compass Commercial Real Estate: Determining Cap Rates for NNN Properties: How are Cap Rates Determined for NNN Properties? Some of the major considerations when calculating Cap Rates for NNN Properties are: T...

Compass Commercial Real Estate: How are NNN Properties Valued?

Compass Commercial Real Estate: How are NNN Properties Valued?: How are NNN Properties Valued? NNN Properties typically are valued using their Capitalization Rate also referred to as Cap Rate. NNN Pro...

Compass Commercial Real Estate: What are NNN Properties?

Compass Commercial Real Estate: What are NNN Properties?: What are NNN Properties? NNN Properties are typically free standing buildings that are leased to tenants for a 10 to 25 year term. NNN P...

What are NNN Properties?

What are NNN Properties?

NNN Properties are typically free standing buildings that are leased to tenants for a 10 to 25 year term. NNN Properties offer the benefit of little or no management responsibilities as the tenant pays for all, if not most of the expenses. The investor receives their rent with little to no other involvement.

Tenants in NNN Properties are divided by both quality and type of businesses they are in. Qualitatively NNN Properties have either credit or non credit tenants. The most desirable (least risk) NNN Properties have investment grade (rated BBB- and better) credit tenants.

Non credit tenant NNN Properties have tenants that are not credit rated. These tenants frequently are regional or local businesses or companies that are unrated. Some tenants are considered credit worthy yet are unrated because they carry no debt on their books. Click Tenant Ratings for list of tenants for NNN Properties.

Who Buys NNN Properties?

NNN Properties are appealing to those who wish to have outright ownership of their commercial real estate investments and have little to no management responsibility. The alternative ways of owning non management commercial real estate would be to own a security in the form of a mutual fund or REIT or invest in fractional ownership Tenant in Common properties.

A major advantage of 100% direct ownership is control and the ability to defer future capital gains by doing a 1031 exchange when the property is sold. For many investors the lack of immediate liquidity inherent in NNN Properties is offset by the lack of volatility NNN Properties offer when compared to a securitized investment. Investors should carefully consider their need for liquidity when considering investing in NNN Properties.

J. Michael Sigrist

Compass Investment Properties, Inc.

861 W. Morse Blvd. #250

Winter Park, Fl. 32789

Office 407-647-5111

Fax 407-629-9220

Cell 407-953-2605

mike@compassorlando.com

How are NNN Properties Valued?

How are NNN Properties Valued?

NNN Properties typically are valued using their Capitalization Rate also referred to as Cap Rate. NNN Properties cap rates reflects the value of a stream of economic benefits discounted for time and risk. Generally this is computed as a pretax cap rate using the Net Operating Income (NOI) for NNN Properties.

NOI is income less all expenses before debt service. The Cap Rate is the NOI divided by the purchase price for NNN Properties. Conversely the NOI divided by the Cap Rate will equal the purchase or selling price.

Example of Cap Rates for NNN Properties:
NOI = $100,000/10%=$1,000,000 Purchase or Selling Price
NOI = $100,000/$1,000,000=10% Cap Rate

J. Michael Sigrist

Compass Investment Properties, Inc.

861 W. Morse Blvd. #250

Winter Park, Fl. 32789

Office 407-647-5111

Fax 407-629-9220

Cell 407-953-2605

mike@compassorlando.com

Determining Cap Rates for NNN Properties

How are Cap Rates Determined for NNN Properties?

Some of the major considerations when calculating Cap Rates for NNN Properties are:

• The credit worthiness of the tenant.
• The length of the lease, typically 10 to 25 years.
• The type of lease, triple net (NNN) or double net (NN). See below for definition.
• Type and frequency of bumps or increases if any in rent.
• Cost of financing
• Strength of the demographics of the property location
• Nature of the improvements. Are the improvements easily converted for another tenant or are they special purpose that would require significant expense and time to convert before re tenanting?
• Age and condition of the improvements

The more positive the above factors for NNN Properties, the lower the Cap Rate or the higher the value of the property related to its income stream. Conversely if the above factors for NNN Properties are weak the Cap Rate will be higher and the resulting value will be lower reflecting the greater risk of the investment.

It is important to remember that markets are not perfect and low Cap Rate NNN Properties are not necessary a lower risk investment, they could simply be a bad investment that is over priced. Astute investors seek NNN Properties that are mispriced in their favor, namely a higher Cap Rate for a property that has lower risk factors.

J. Michael Sigrist

Compass Investment Properties, Inc.

861 W. Morse Blvd. #250

Winter Park, Fl. 32789

Office 407-647-5111

Fax 407-629-9220

Cell 407-953-2605

mike@compassorlando.com

What is Built to Suit?

What is Build-to-Suit?

In a build-to-suit the landlord builds the improvements for the tenant and the tenant leases them back typically on a Net Lease. The Net Lease rent payable by the tenant is a function of the construction and financing costs of the project. This arrangement allows the tenant to move in and occupy the property with zero initial cost.

The Net Lease rent is fully deductible over the lease term, making the tenant's after-tax cost less than with alternative forms of asset-based financing.

J. Michael Sigrist

Compass Investment Properties, Inc.

861 W. Morse Blvd. #250

Winter Park, Fl. 32789

Office 407-647-5111

Fax 407-629-9220

Cell 407-953-2605

mike@compassorlando.com

What is a Ground Lease?

What is a Ground Lease?

A ground lease is a method for separating ownership of the improvements (building) from the ownership of the underlying fee (ground). Typically ground leases are long term Net Leases where the tenant pays all expenses except debt service. Any financing for the improvements are paid for by the tenant. In some cases the ground lease is subordinated to the debt on the improvements.

On unsubordinated ground lease, no lien is placed against the fee simple title to the land. Instead, the leasehold estate is the primary security for any debt on the improvements. There is no depreciation with the ownership of a ground lease.

Many investors favor ground leases because they don't need to use their own funds to build the improvements yet end up owning the improvements on termination of the lease. When the Net Lease ends the improvements revert to the owner of the ground lease the owner benefits from the full rent for both the land and the improvements.

Tenants like ground leases because they reduce the tenant's cost of development by eliminating land acquisition costs. A long term Net Lease provides predictable rent payments that are deductible by the tenant for federal and state income tax purposes.

Typically ground leases are long term Net Leases and include set rent escalations, foreclosure rights and reversionary right (improvements revert to owner of ground lease at termination of the lease).

J. Michael Sigrist

Compass Investment Properties, Inc.

861 W. Morse Blvd. #250

Winter Park, Fl. 32789

Office 407-647-5111

Fax 407-629-9220

Cell 407-953-2605

mike@compassorlando.com

What is a Sale Leaseback?

What is a Sale Leaseback?

A Real estate sale leaseback is when a business sells its commercial property for current market value and then leases it back typically using a Net Lease. The seller retains the use of their real estate and frees up capital which can be used to invest back into the business. Real estate sale leasebacks are popular because they generate capital for immediate use within the business.

A long term Net Lease on a sale leaseback create a predictable rent that is deductible for federal and state income tax purposes Some businesses do sale and leaseback transactions for equipment as well. Types Net Leases

NNN Properties are generally categorized as either true triple net (NNN) or double net (NN). The distinction between NNN and NN leases is an important one as can be seen in the following definitions.

J. Michael Sigrist

Compass Investment Properties, Inc.

861 W. Morse Blvd. #250

Winter Park, Fl. 32789

Office 407-647-5111

Fax 407-629-9220

Cell 407-953-2605

mike@compassorlando.com

Lease Types

Lease types

Absolute Triple Net (NNN)

The tenant pays operating expenses such as maintenance, repairs, taxes and replacement for the entire property, without limitation. The owners pay the mortgage only. This is the type of lease that most investors expect when purchasing NNN Properties.

Bond Lease (NNN)

A bond lease is a slight variation on the true triple NNN lease because the tenant is required to absolutely comply with their rent and operating expense obligations regardless of extenuating circumstances affecting the property (i.e. Even if the property is under eminent domain proceedings).

Double Net Lease (NN)

Similar to NNN leases but with additional owner responsibilities. The owner is generally liable for the structural components of the building such as the roof, foundation, load-bearing walls and parking. Leases will vary so they should be carefully read.

J. Michael Sigrist

Compass Investment Properties, Inc.

861 W. Morse Blvd. #250

Winter Park, Fl. 32789

Office 407-647-5111

Fax 407-629-9220

Cell 407-953-2605

mike@compassorlando.com

Net Lease Alternative

Net Lease Alternative

For investors considering NNN Properties but who would like to invest less capital (cash) and still have little to no management responsibilities Tenants in Common (TICs) are a good option to consider.

Advantages of Tenant in Common are the lower minimum investment (starting at $50,000); prepackaged financing (if any) and due diligence material. Because Tenant in Common is a deeded interest in real estate and not a security like a mutual fund or REIT they qualify for 1031 exchanges providing they follow IRS Rev Proc 2002-22.

The most frequent objection to Tenant in Common ownership is that Tenant in Common owners have a proportionate vote on major ownership issues as opposed to 100% owned NNN Properties.

Tenant in Common investors can invest in fractional ownership in NNN Properties and other multi tenant real estate. A major advantage of Tenant in Common ownership is the ability to reduce overall risk by diversifying into a number of investment properties.

J. Michael Sigrist

Compass Investment Properties, Inc.

861 W. Morse Blvd. #250

Winter Park, Fl. 32789

Office 407-647-5111

Fax 407-629-9220

Cell 407-953-2605

mike@compassorlando.com

Compass Commercial Real Estate: Quote of the day!

Compass Commercial Real Estate: Quote of the day!: "Ability may get you to the top, but it takes character to keep you there." John Wooden

Quote of the day!

"Ability may get you to the top, but it takes character to keep you there."

John Wooden

Compass Commercial Real Estate: Quote of the day!

Compass Commercial Real Estate: Quote of the day!: "Tomorrow is a mystery.  Today is a gift.  That is why it is called the present." Eleanor Roosevelt

Quote of the day!

"Tomorrow is a mystery.  Today is a gift.  That is why it is called the present."

Eleanor Roosevelt

Compass Commercial Real Estate: Quote of the day!

Compass Commercial Real Estate: Quote of the day!: "Some succeed because they are destined to, but most succeed because they are determined to." -Unkown

Quote of the day!

"Some succeed because they are destined to, but most succeed because they are determined to."

-Unkown

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty." Sir Winston Church...

Quote of the Day!

"A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty."

Sir Winston Churchill

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "When one door closes another door opens; but we so often look so long and so regretfully upon the closed door, that we do not see the ...

Quote of the Day!

"When one door closes another door opens; but we so often look so long and so regretfully upon the closed door, that we do not see the ones which open for us."

Alexander Graham Bell

Compass Commercial Real Estate: Protect yourself and your clients!

Compass Commercial Real Estate: Protect yourself and your clients!: Remember the Final Walk-through Protect yourself and your clients with a visual inspection before closing. When you're represent...

Protect yourself and your clients!

Remember the Final Walk-through

Protect yourself and your clients with a visual inspection before closing.

When you're representing buyers in a deal, don't forget to make sure a "final walk-through" is included prior to closing. This is especially true in a market where desperate and less-than-reputable sellers may try and walk out with the fixtures. While that may sound a little extreme, the final walk-through can head-off conflict after closing (and even warm up buyers and sellers prior to closing).

Scheduling a final walk-through 4 - 7 days prior to closing will allow your clients to address issues such as:

• If the current owner is on schedule to move out
• That the property is in the same condition it was when shown
• That any repairs required have been completed

In a best-case scenario, a final walk-through is also a good time to have the sellers explain details about the house that the buyer may need to know-- especially tricky pool heaters, access to attics, funny light switches, and sprinkler timers. It's also a great time to put together a list of companies who have serviced the house in the past.

Show you're on the ball with a great walk-through strategy!

Scott Levitt

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "Too often we underestimate the power of touch, a smile, a kind word, a listening ear or the smallest act of caring, all of which have the p...

Quote of the Day!

"Too often we underestimate the power of touch, a smile, a kind word, a listening ear or the smallest act of caring, all of which have the potential to turn a life around."

Leo Buscaglia 

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "Obstacles don't have to stop you.  If you run into a wall, don't turn around and give up.  Figure out how to climb it, go through it, or wo...

Quote of the Day!

"Obstacles don't have to stop you.  If you run into a wall, don't turn around and give up.  Figure out how to climb it, go through it, or work around it."

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "You have achieved excellence as a leader wen people will follow you anywhere, if only out of curiosity." Colin L. Powell

Quote of the Day!

"You have achieved excellence as a leader wen people will follow you anywhere, if only out of curiosity."

Colin L. Powell

Compass Commercial Real Estate: Inspirational Quote of the Day!

Compass Commercial Real Estate: Inspirational Quote of the Day!: The great enemy of the truth is very often not the lie deliberate, contrived and dishonest, but the myth persistent  persuasive and unrealis...

Inspirational Quote of the Day!

The great enemy of the truth is very often not the lie deliberate, contrived and dishonest, but the myth persistent  persuasive and unrealistic.

John F. Kennedy

Compass Commercial Real Estate: Harvey andVictoria Coleman announce the opening o...

Compass Commercial Real Estate:
Harvey andVictoria Coleman announce the opening o...: Harvey and Victoria Coleman announce the opening of their second restaurant Monday February 18 th at 820 Lee Road, Orlando

Harvey and Victoria Coleman announce the opening of their second restaurant Monday February 18^th at 820 Lee Road, Orlando

Friday Real Estate Roundup: Sales, apartments, revitalizations and more

Written by:

Anjali Fluker

Senior Staff Writer-Orlando Business Journal

Ask anyone in real estate, and they’ll tell you the apartment market is the only sector that didn’t really experience a downturn.

And now that the recession is well over and behind us, you can almost say it’s booming. But we all know how careful people in real estate are being with the “B” word.

We lead this week’s edition of Real Estate Roundup with a big multifamily sale that went down last month in the area near The Mall at Millenia. Lake Buchanan LLC, an entity related to Miami-based NRI Investments, bought the 558-unit Carlton Arms South Apartments at 4444 S. Rio Grande Ave. in southwest Orlando for $15.3 million from Harrison, N.Y.-based Carlando Realty Co. LLP.

Shelton Granade, Luke Wickham andJustin Basquill of CBRE Inc. in Orlando exclusively represented the seller in the deal, which closed on Dec. 12.

Here are some other interesting things going down in our area:

• Two building sales by Avalon Island LLC in downtown Orlando are pointing to a revitalization of Pine Street. Orlando-based Pine Street Buildings LLC, whose managing member is nightclub owner Team Market Group LLC, bought the 3,500-square-foot Phoenix Building at 30 S. Magnolia Ave. for $1.4 million last month. Nicholas Fouraker of BishopBeale represented the seller, while Tyler Peterson of Real Property Specialists Inc.represented the seller. Team Market Group, which is run by young entrepreneurs and brothers Keith and Romi Marwadi, plan to open a social club on the first floor and lease offices on the second floor.

Meanwhile, Nunziata Holdings LLC spent $475,000 on a 3,500-square-foot building at 38 E. Pine St. in November, but has yet to announce plans for the building. BishopBeale represented both sides of that transaction.

J. Michael Sigrist

Compass Investment Properties, Inc.

861 W. Morse Blvd. #250

Winter Park, Fl. 32789

Office 407-647-5111

Fax 407-629-9220

Cell 407-953-2605

mike@compassorlando.com

Compass  Investment Properties, Inc. Industrial Lease:

Compass Investment Properties, Inc. has finalized a ten year NNN lease between Compass Real Estate Management, Inc. and NR Electronics, LLC.  for 7,080 sq ft of assembly space located at 2675 Design Ct., Sanford, Florida.

The lease was negotiated and closed by J. Michael Sigrist a Senior Broker with Compass Investment Properties, Inc..

Compass Investment Properties, Inc. recent restaurant deals:

820 Lee Road, Orlando:   Leased to Coleman's Sport Design Pizza, 5 year NNN lease.

925 Semoran Blvd. Orlando:   Leased to Garibaldi's Mexican Restaurant, 10 year NNN lease.

1804 Vine Street, Kissimmee:   Leased to El Tapatio Mexican Restaurant, 5 year NNN lease.

843 Lee Road, Orlando:   Lease to the Wild Rice Buffet, 10 year NNN lease.

These leases were negotiated and closed by J. Michael Sigrist, a Senior Broker with Compass>

Property For Lease

Property For Lease:  4460 Edgewater Drive, Orlando, FL.
Approximately 3,289 gross area with 1,620 sq ft office space.  Two exam rooms, reception area, front office, employee brak room and small storage area, 450 sq ft storage building and a basement.  C-1 zoning, approximately 10 parking spaces.

CONTACT:  J. Michael Sigrist, Broker
                     Cell: 407-953-2605
                     mike@compassorlando.com      

The Compass Organization.......

Client-Focused Market Expertise

Located in The Fountain Square Building in Winter Park, Florida, The Compass Organization, Inc. has been involved in the development, acquisition, management and brokerage of Central Florida commercial real estate since 1971..
The Compass Organization is a full-service real estate brokerage and investment firm providing an array of services, resources and expertise for all types of real estate transactions. Activities of the Compass Organization are performed by five specialized divisions. See the About Us section for a list of those companies.
Our Portfolio has held many well-known Orlando and Central Florida real estate properties including office buildings, retail centers, industrial complexes, mobile home parks, hotels and apartment buildings.
We consider communication with our clients a priority. We use the latest in computer and telecommunications technology including Landmaster Software which produces accurate and easy to understand reports for property owners. For clients who like to be informed when there are new and interesting Real Estate Investment Opportunities in the Central Florida Area we offer an Information Registry. We also communicate in Spanish. Se Habla Español.
As buyer, partner or broker, The Compass Organization, Inc. offers prompt assistance for investors in today’s Orlando, Florida real estate market, and develops real solutions for owners confronting complicated investment decisions.