Friday, November 18, 2016

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!

Tuesday, November 1, 2016

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.