For Lease in Fort Myers Florida: Arielle Medical Center

First-floor medical office suite, very efficient layout with ability to support multi-physician practice. Two story (10,000 +/- total sq. ft.) medical office building with 54 shared parking spaces. In close proximity to Gulf Coast Hospital with access to multiple major corridors . . . Metro Parkway, Six Mile Cypress, Daniels Parkway.

3 private doctors offices; 10 exam rooms; 2 nurse stations; lab area; business office; large reception area; lobby; 7 restrooms.

Rental Rate: $15 /SF/Year 

Building Size: 10,000 SF

Total Space Available: 5,205 SF 

Building Class: B

Property Type: Office 

Year Built: 1994

Property Sub-type: Medical Office 

Zoning Description: CPD

Located on the west side of Metro Parkway between Six Mile Cypress and Daniels Parkway, south of Gulf Coast Hospital.

For more information or to schedule a tour, call 239-221-8481 today!

For Sale: 3.29 acres in Southside Industrial Park - Fort Myers

143,657 sq. ft. corner lot (can be divided), zoned I-2 (heavy industrial) located in the Southside Industrial Park off of Work Drive.

Property is located 1 parcel south of United Parcel Service main terminal and near active rail transit.

Price: $1,005,599 

Lot Size: 3.29 AC 

Price/AC: $305,653.20 

Please call Jay Crandall CCIM at 239-221-8481 for more information!

CCIM Thrive Conference Atlanta 2016 Pearl #2

Pearl #2 comes from Dr. Glenn Mueller. 

A brief bio: 

With 35 years of real estate industry experience, including 26 years of research, Glenn Mueller is a professor for the Burns School of Real Estate and Construction Management at Denver University, one of the oldest and largest programs in the country. Mueller’s research experience includes real estate market-cycle analysis, real estate securities analysis, real estate capital markets, portfolio and diversification analysis, seniors housing analysis and both public and private market-investment strategies. He is also the real estate investment strategist at Dividend Capital Group, where he provides real estate market-cycle research and investment strategy for Dividend Capital’s Real Estate Securities, Private Real Estate Investment, Private REIT and Real Estate Debt groups. He is also the co-editor of the Journal of Real Estate Portfolio Management.

Dr. Mueller presented attributes of the 2016 Physical Cycle and Financial Cycle we have seen thus far:

2016 Physical Cycle

• Cycles can be Long or Short
• LONG economic expansion means LONG real estate UP Cycle
• Cycles can be driven by Demand or Supply
• Supply growth slowest in 2013 - now increasing moderately
• Growth phase of cycle 2014-2020? (depending on market and property type)

2016 Financial Cycle

• Capital flows affect prices - volatile stock market and low bond rates
• Real estate more Stable and Safer investment?
• Debt financing harder in this cycle - more cash down
• Low new construction
• DIFFERENTIATE residential ownership versus commercial real estate to your investors!

Overall, Dr. Mueller was positive yet cautious toward the future of commercial real estate in the United States. 

Whereas interest rates are still some of the lowest in US history, tax deductions still remain in place, new commercial construction projects are slow to come out of the ground due to regulations, and therefore rental rates will continue to rise. 

Among the caveats were the steady lowering cap rates and the possible future interest rate increases,tax increases, and/or more regulations.

CCIM Conference Atlanta October 24 & 25, 2016 Pearls

Last week Bonnie and I attended the 2016 CCIM Thrive Conference in Atlanta. There were so many pearls derived from the sessions and speakers, we want to share some interesting observations through our blog posts.

Pearl #1

@Frank Luntz, Expert Communication Strategist from Luntz Global(keynote speaker)gave us the following:

21 Words for the 21st Century

Imagine

Peace of Mind

I get it

Real results/Real solutions

No conflicts/Hidden relationships

A real problem-solver

No excuses

Our first responsibility

Our mission/commitment

What makes us different

No surprises/No fine print

You decide

Maximize your value

Genuine accountability

You deserve

You're in control

Total alignment

We have to earn your loyalty

On your side

Measurable track record

Respecting/Protecting hardworking taxpayers

The one message highlighted more in this conference than any of the previous conferences: there is a lot of change coming. Change to our industry, change to the workforce, and change in the way we need to conduct business moving forward.

And, we have a choice. We can choose to look for the opportunities. Or, like the skeptics at the beginning of the auto industry, we can choose to mock the innovators of our day (by brushing off the change and telling them to go buy a good horse)or we can still continue to look for the next biggest thing in good horse whips. Either way,those looking to hold onto the past will remain in the past. The good news is for those looking to embrace the change and the future, the opportunities are extremely bright and the playing field has been leveled in many of the different job segments.

Have a safe and Happy Halloween!

3.29 acres available NOW in the center of Southside Industrial Park in Fort Myers!

Looking for a site to build your warehouse? Relocate your manufacturing business? We have 3.29 acres in Fort Myers available now!

2981 Cargo Street, Fort Myers, FL 33916

Sale Price: $1,005,599 ($305,653.20/acre)

143,657 sq. ft. corner lot (can be divided), zoned I-2 (heavy industrial) located in the Southside Industrial Park off of Work Drive.

Property is located 1 parcel south of United Parcel Service main terminal and near active rail transit.

Call 239-221-8481 to schedule a tour today!

New Endodontic practice opens in Bonita Springs, Florida!

Crandall Commercial Group LLC would like to thank Endodontist Dr. Scott Baur and his wife Deanna for choosing us to represent them in negotiating a lease on their new location in Bonita Springs! Congrats on your new practice in SWFL!

Your Endodontic Specialist 

24820 Burnt Pine Drive, Ste. 3

Bonita Springs, FL 34134

Phone: 239-676-1079

Website: YESendo.com

Email: office@YESendo.com

Stop by their beautiful office to meet Dr. Baur and his knowledgeable, friendly staff:

Deanna - Practice Administrator

Rachelle -  Certified Dental Assistant

Kelsey - Receptionist

Naples Soap Company store NOW OPEN in Coconut Point Mall!

Crandall Commercial Group would like to thank Naples Soap Company for choosing us to represent them in negotiating a lease on their new location in Estero, Florida!

Coconut Point Mall

23191 Fashion Drive #102

Estero, FL 33928

Phone: (239) 949-5566

Hours: Monday - Saturday: 10:00am - 9:00pm | Sunday: 12:00pm - 6:00pm

Check out this beautiful, heavenly-scented store today! 

Featured property of the week: Fairway Building in Naples Florida!

Crandall Commercial Group has a new listing for lease in Naples:

Fairway Building

1000 9th Street N, #401

Naples, FL 34102

1,118 sq. ft. built-out professional office space (approved for medical use) with reception area, 4 offices, kitchenette and 2 in-suite restrooms. Elevator or stairway accessible. Private owner entry with one covered parking space.

Rental Rate: $12/SF/Year NNN

Est. CAM: $6.72 (incl. water/sewer)

Lease Term: 60 Months

Availability: August 1, 2016 for occupancy

Located on US 41 (US 41 frontage) directly across the street from the prestigious Naples Beach Hotel & Golf Club.

Call to schedule a tour today! 239-221-8481

5,200 SF Available for sale - Prime Location in Naples, FL!

For sale at Crandall Commercial Group:

Oak Tree Medical

90 Cypress Way E

Naples, FL 34110

Sale price: $1,742,000 ($335/SF)

5,200 SF end cap built out medical office condo. Currently divided by a wall into two units 2,500 SF and 2,700 SF. Spaces can be converted easily into one large unit if needed. Divided spaces can be leased separately. Multiple treatment rooms, therapy pool and locker area make this space ideal for various medical/health related disciplines (for example: orthopedic, physical therapy, prosthetic or medical spa services).


Asking Lease Rate: $21.50 NNN; Est. CAM: $5.10

Located on the north side of Immokalee Rd. at the Airport-Pulling Road signalized intersection.

Call Jay Crandall to schedule a tour today!

239-221-8481

1.4 Acres For Sale Across from Coconut Point Mall in Estero!

New listing at Crandall Commercial Group:

1.4 acre corner lot with US 41 frontage. SW corner of the signalized intersection of Coconut Road and US 41.

23401 Walden Center Drive

Bonita Springs, FL 34134

Price: $1,064,525 ($17.50/SF)

Highlights:

Corner Lot US 41 Frontage 

Adjacent to Coconut Point Mall 

1.9 Miles From New Hertz Headquarters 

Strong Demographics 

Booming Estero Area

Call 239-221-8481 for more information!

Jay Crandall in Gulfshore Business Daily!

NAPLES ROTARY ANNOUNCES NEW OFFICERS, DIRECTORS

The Rotary Club of Naples announced its new officers and board members for 2016-2017. They are: Jane Wingate, president; Mark Matos, president-elect; Lisa McCarthy, treasurer; Jeff Galati, secretary; Jay Crandall, sergeant-at-arms; Mia Delk, immediate past-president; and Deborah Stewart, Ron Gustason, Jacques Groentemen, Mitch Melheim, Paul Huber and Kendra Hoefs, directors.

New Listing for Lease in Naples!

Crandall Commercial Group has a new listing for lease in Naples:

Fairway Building

1000 9th Street N, #401

Naples, FL 34102

1,118 sq. ft. built-out professional office space (approved for medical use) with reception area, 4 offices, kitchenette and 2 in-suite restrooms. Elevator or stairway accessible. Private owner entry with one covered parking space.

Rental Rate: $12/SF/Year NNN

Est. CAM: $6.72 (incl. water/sewer)

Lease Term: 60 Months

Availability: August 1, 2016 for occupancy

Located on US 41 (US 41 frontage) directly across the street from the prestigious Naples Beach Hotel & Golf Club.

Call to schedule a tour today! 239-221-8481

Featured Properties of the Week at Crandall Commercial Group: Piper's Crossing

Three spaces for sale in Piper's Crossing, prime location in Naples, FL!

1213 Piper Blvd., Bldg. 400, Units 201 & 202

Naples, FL 34110

Unit 201: 2,002 SF

Sale price: $500,500 ($250/SF)

Unite 202: 2,389 SF

Sale price: $597,250 ($250/SF)

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1217 Piper Blvd., Bldg. 500, Unit 201

Naples, FL 34110

Unit 201: 2,002 SF

Sale price: $450,450 ($225/SF)

Medical/Professional office condominiums immediately available in this beautifully maintained office park. Ample parking for patients/clients. Great opportunity to design your custom floor plan in these vanilla shell delivered units. Medical Impact Fees have been paid.

Located on the NE corner of Immokalee and Airport Roads. Approximately 1.25 miles east of of North Collier Hospital and in proximity to many residential communities.

Call 239-221-8481 to schedule a tour today!