Featured Properties of the Week: Piper's Crossing in Naples, Florida!

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 RSF (1,636 USF)
Sale price: $500,500 ($250/SF)

Unite 202: 2,389 RSF (2,023 USF)
Sale price: $597,250 ($250/SF)

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1217 Piper Blvd., Bldg. 500, Unit 201
Naples, FL 34110

Unit 201: 2,002 RSF (1,636 USF)
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!

PRICE REDUCED on Medical Office for Sale in Bonita Springs, FL!

Crandall Commercial Group Alert!!!
Price reduction on a beautiful Class A Medical Office for sale in Bonita Springs. 

9410 Fountain Medical Court, A201

Bonita Springs, FL 34135

Located on the second floor of a two-story medical office building, this 2,558 sq.ft. built out medical condo offers four treatment rooms with sinks, physicians office, nurses station, reception room, administrative work center, ADA bathroom, and in-suite alarm system. Building and pylon signage available.

Conveniently located between US 41 and I-75 on the south side of Bonita Beach Road. Adjacent to the RBC Bank at the corner of Hacienda Drive and Bonita Beach Road.

Sale price: $351,725.00 ($137.50/SF).

Call 239-221-8481 or email us at cindy@jaycrandall.com today for further questions or to schedule a tour!

New Listing in Cape Coral - Medical Office for lease!

Crandall Commercial Group has a new listing for Medical Office Space on Del Prado Blvd. S. in Cape Coral! 

413 Del Prado Blvd. S.

Cape Coral, FL 33990

Suite 201 was previously occupied by a physical therapy group. It is comprised of 7 Exam Rooms w/sinks, Doctor's Office, Nurse's Station, centralized Physical Therapy Room, Administrative area and ADA Bathroom.

This medical office building is located on the northeast corner of Del Prado Blvd. at the signalized intersection of Bolado Pkwy. and Del Prado Blvd. S., just 6 blocks north of Cape Coral Hospital.

Rental Rate: $17/SF/Year

Lease Term: 60 Months

Space Available: 2,032 SF

Space Type: Medical Office

Lease Type: NNN

Call 239-221-8481 for more information or to schedule a tour today!

Happy New Year from all of us at Crandall Commercial Group!

Jay, Bonnie and Cindy

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!