Millennials are the Most Flexible Generation in Today’s Workforce

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Today, Coldwell Banker Commercial Affiliates released a survey on the differences and similarities of where and how Millennials (ages 18-34), Gen Xers (ages 35-49) and Baby Boomers (ages 50-69) prefer to work.  Despite the many assumptions about Millennials, the survey of more than 2,000 U.S. adults reveals this generation to be more flexible than both their Gen X and Boomer colleagues when it comes to office layout, the length of their daily commute, their willingness to forgo working from home and their ability to work remotely from mobile devices.

“Commercial real estate, and particularly the office sector, has entered a unique era of servicing three distinct generations,” said Fred Schmidt, president and chief operating officer of Coldwell Banker Commercial Affiliates. “Where and how people work is changing. The Millennial generation and shifting economy are a big part of that. It’s important for commercial real estate professionals to understand these trends and be able to provide solutions for today’s evolving marketplace.”

4 surprising truths about millennial workers:

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Read the survey press release, including a link to additional findings, and be sure to check out Fred Schmidt’s interview with The Wall Street Journal Radio. The results of the survey are also featured on MarketWatch.


The Benefits of a Broker in Commercial Real Estate (Part 2 of 2)

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In the first part of this two-part series I wrote about the advantages of leveraging the expertise and resources of a commercial real estate broker for sellers. In this second article I’m going to shift perspective and look at the benefits of a commercial broker for buyers.

In my experience, a lot of commercial real-estate buyers (and even some inexperienced brokers) have the misguided notion that buying commercial real estate is a very simple process, and that there are only a couple of pieces of information needed to find a “good buy.” If a broker only asks, “What type of business is it and how much square footage do you need?’’… then go find another broker. That’s like a doctor asking you what medicines you need. If a buyer is telling the broker what he or she needs, then that broker isn’t offering much value. A good broker will serve as a proactive consultant and guide the buyer to the best possible options – and the way to reveal the best possible options is with a thorough investigation fueled by questions. A broker should be asking many questions to learn as much as possible about the buyer’s business and needs.

While the “right” questions will differ depending on a wide range of variables, I’m going to use this article to highlight many of the most common and necessary questions to give you an idea of how many factors and details go into a quality buyer analysis.

A few buyer/tenant analysis questions:

  • What type of business will you operate in this location? More specifically, how will you be using the space?
  • Do you need separated spaces to perform different operations?
  • Is this a new business or do you have a good sense of gross annual income so we can determine a range of affordability?
  • How many staff members do you have and expect to have going forward
  • Where does your staff live?
  • Will you or your staff be traveling often? Will you host many out-of-town clients?
  • Will you need easy access to the airport or main highways?
  • Are you planning to expand? Do we need to plan for growth?
  • Will you and your staff be in the office every day?
  • Will customers come to your physical location?
  • Do you need to be in a high visibility location?
  • Are area demographics important to your success?
  • Are aesthetics important for the exterior and interior?
  • How much parking will you need?
  • Will you be running computers and copiers that generate heat?
  • Will you need conference rooms?
  • Are there industrial and warehousing needs? 
  • Will there be noise concerns with your production process?
  • Will you need special access roads and loading docks for large delivery vehicles?
  • How will you move your products?
  • Are there special transportation needs – roads, railway or river?
  • What are your communication and Internet requirements? 
  • What are your power requirements?
  • Are there waste disposal concerns?
  • Is it a volatile business that might experience rapid fluctuations in business and staffing?
  • Can we find you tax incentives to locate in specific areas?


This short list represents the tip of the iceberg. Depending on the type, size and requirements of a business, there could be hundreds of questions to answer before the actual search begins. Remember, effective brokers are not trying to sell you on a location, they are trying to get a clear understanding of your business and match your needs with the best “win-win” solution.

By Grayson Powell, Managing Partner, Coldwell Banker Commercial Sun Coast Partners (CBCSCP). CBCSCP leverages the vast experience of highly-skilled real estate professionals and developers and specialize in selling, leasing and managing retail, commercial, and investment property. To learn more about CBCSCP, visit www.cbcwilmington.com or call 910-350-1200.


Ranking Buildings: Fantasy Football Style

A, B, C, D -  this is the traditional way buildings are classed.  What does it all mean? Sure, there some guidelines that are vague. Sometimes people say a building is Class A when really it is Class B. I say we come up with a more aggressive way to rank buildings. I am an avid Fantasy Football player and have been doing it for years. When I’m drafting my team, there are certain criteria I consider for each player. These methods can be used to rank buildings.  

Return on investment (ROI) – In fantasy, the return on investment is deciding what round to draft someone and having them perform to that draft value. For buildings, the return on investment is simple; what I paid vs. what I make on it or what I can potentially sell it for.

Prone to Injury – If a player is prone to injuries, I tend to stay away from them. For buildings, I relate vacancy to injury. Buildings should be judged on their three-year vacancy rate. If a building consistently has vacancy, there has to be some reason why.

Quality of Team – A player is only as good as the team he is on. If a team struggles on offense, than that star running back will usually struggle.  When I think about the concept of a team for a building, I think about the quality of the existing tenants in that building. It seems like strong tenants flock together in good buildings. If there is a lesser quality tenant, others may not want to join the mix.

Demand – Your draft is sometimes dictated by demand. If there isn’t a plethora of quality running backs, naturally, you will try to draft one first.  Buildings should also be ranked on demand. If there isn’t a lot of ‘like space’ available, the building should get a higher ranking.

Price – How much are you willing to pay for that top quality pick? If you reach for someone above their draft value, will it pan out? For buildings, price doesn’t always equal quality of the space. There are other factors that drive cost of space, such as location or building amenities. Are you willing to reach for an overpriced building? If a building is priced too high, it’s ranking should be lowered.

Surroundings – It’s important to understand the quality of the NFL division the player is in when drafting for fantasy. If a running back is in a division with weak defenses, they will play those weak defenses twice in the year, thus improving their draft rank. The surroundings of a building should also be considered. A trophy building placed between two tear-downs should be worth less.

Location – About mid-season, you start to think about where a player plays. Weather can be a huge factor in a player’s performance. Rain, snow, playing in a dome or on turf can all be factors when deciding what players to start. Obviously, in commercial real estate, location should be a huge factor in ranking buildings. Proximity to highways, public transportation, and surrounding amenities should all be considered in ranking buildings.

Owner/Coach – A new coach can affect a player in fantasy. The new coach may have a different style that doesn’t fit with the player’s skills and they may be underutilized. Who owns a building should also be considered when ranking buildings. How much will they upkeep the building? Do they have the proper budget for improvements? How do they treat tenants? Also, who manages the property should be considered. An NFL owner can be the smartest person in the world, but a poor coach can drive the team into a losing season. If the property manager isn’t doing their job properly, it doesn’t matter who the owner is.

Therefore, in my opinion, the new proposed ranking system should be:

  1. Return of investment
  2. Three Year Vacancy Rate
  3. Quality of Existing Tenants
  4. Like Space Available
  5. Value of the Building
  6. Surrounding Buildings
  7. Location
  8. Owner/Property Manager

By John Boyer, Director of Marketing, Coldwell Banker Commercial Affiliates


College Football Conferences Ranked by Size of Office Market (Part 3)

August 29, 2014

America’s favorite time of the year is finally here, football season. This year college football gives us a lot to look forward to. The 2014-2015 season will be the first season a playoff system is used to decide the champion and as if that doesn’t bring enough excitement, the AP Preseason Football Rankings being released surely did so. CBC corporate wanted to join in on all the excitement by creating rankings of its very own. This year’s rankings consist of three of the top college conferences, the ACC, Big 10 and SEC. However, rather than rank these schools based on their sporting capabilities, CBC took a commercial real estate approach. Each school was ranked based on the rentable building area (RBA) in the Office sector of the CoStar market the school is located in. 

We’ve already ranked the ACC and the Big 10, so here are the SEC Office Market Rankings:

  1. Vanderbilt
  2. Alabama
  3. Tennessee
  4. South Carolina
  5. Louisiana State
  6. Kentucky
  7. Arkansas

Auburn, Florida, Georgia, Mississippi, Mississippi State, Missouri and Texas A&M did not rank because there were no CoStar markets available in their locations.

Vanderbilt’s location in Nashville, the capital of Tennessee places the university in a big Southern market. The highest office market square footage in the SEC is 76,591,214, which is significantly lower than the top ACC and Big 10 schools.

Many of the SEC schools did not appear to be in a market on CoStar. Therefore, the results were among seven schools, most located in bigger Southern cities. 

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By Julie Allison, Intern, Coldwell Banker Commercial Affiliates 


College Football Conferences Ranked by Size of Office Market (Part 2)

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America’s favorite time of the year is finally here, football season. This year college football gives us a lot to look forward to. The 2014-2015 season will be the first season a playoff system is used to decide the champion and as if that doesn’t bring enough excitement, the AP Preseason Football Rankings being released surely did so. CBC corporate wanted to join in on all the excitement by creating rankings of its very own. This year’s rankings consist of three of the top college conferences, the ACC, Big 10 and SEC. However, rather than rank these schools based on their sporting capabilities, CBC took a commercial real estate approach. Each school was ranked based on the rentable building area (RBA) in the Office sector of the CoStar market the school is located in. 

Last week we ranked the ACC. Here are the Big 10 Office Market Rankings:

  1. Maryland
  2. Northwestern
  3. Rutgers
  4. Michigan
  5. Minnesota
  6. Ohio State
  7. Michigan State
  8. Wisconsin
  9. Nebraska

Indiana, Purdue, Illinois, Iowa, Penn State did not rank because there were no CoStar markets available in their locations.

The Big 10 rankings show a similar pattern to the ACC’s. In a conference where Maryland could only dream about being number one due to many factors, one of them being their smaller size in a conference among larger schools, did not apply here. Conversely, in CBC’s office market rankings, Maryland’s “disadvantages” work to its advantage. The University of Maryland is located in the Washington, D.C area market explaining the large number of office square footage. CBC’s rankings using CoStar markets data show that universities in or nearby big metro cities like Maryland and Northwestern come out clear in these rankings both with RBA’s over 460,000,000.

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By Julie Allison, Intern, Coldwell Banker Commercial Affiliates 


Featured Listing Friday

September 5, 2014

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1201 Barnesville Highway
Thomaston, GA 30286

Listing Type:       Industrial
Sale or Lease:    Sale
Style:                     Industrial Bldg – Manufacturing
Size:                       433,000 SF
Price:                     $4,950,000
Agent:                  Arthur Barry, Coldwell Banker Commercial Eberhardt & Barry

Details:

  • 433,000 ± SF Industrial Facility (663’ X 451’ )
  • Expandable to 536,237 ± SF
  • 10,21 ± SF office area
  • 33,456 ± SF second floor available for heavy storage or manufacturing with 30’ ceilings
  • 3,000 ± SF employee canteen
  • Partially air conditioned
  • 12,150 ± SF free standing metal insulated storage building;1 roll-up door; built in 2002.
  • Built in 1994 with expansion in 1995 & 1997
  • Insulated, built-up tar and gravel roof
  • 232 parking spaces
  • 28 (8’ X 10’ ) tailgate high truck doors with automatic levelers, weather seals, and trailer lights
  • 2 (10’ X 15’ ) drive-in doors Graveled trailer storage area for approx. 100 trailers
  • Norfolk Southern borders the property

Click here to view all property listings.

This is a weekly feature published each Friday, where the Coldwell Banker Commercial organization highlights a particular property.

August 29, 2014

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Lujan Plaza
1520 Deborah Rad SE
Rio Rancho, New Mexico

Listing Type:      Investment
Sale or Lease:    Sale
Style:                    Local Strip Center
Size:                      +/- 14,388 SF
Price:                    $2,275,000
Agent:                  Carrie Mellenbruch, Coldwell Banker Commercial – Las Colinas

Details:

  • Mixed use strip mall, consists of 14 suites with local vendors
  • Local vendors include Ahh Sushi & Namaste India & Nepal Cuisine
  • Consistently high occupancy rate
  • Approx. 89 Parking Spaces available
  • 7.0% Cap Rate, Contact Broker for Financials
  • Loan is Assumable

Click here to view all property listings.

This is a weekly feature published each Friday, where the Coldwell Banker Commercial organization highlights a particular property.

August 22, 2014

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303 Arvada Ave.
Albuquerque, NM

Listing Type:       Industrial
Sale or Lease:      Sale
Style:                    Warehouse/Distribution
Size:                      +/- 42,000 SF
Price:                     $2,500,000
Agent:                  April Ager, Coldwell Banker Commercial – Las Colinas

Details:

  • Secure Gated Property with Building Alarm System
  • Seven Loading Docks with Several Ramps
  • Approximately 62 Parking Spaces with Loading Docks (79 spaces without loading docks)
  • HubZone Qualified
  • Owner Financing Available to Qualified Buyer
  • Sale-Lease Back Option Available
  • Garcia’s Tents Business NOT FOR SALE

Click here to view all property listings.

This is a weekly feature published each Friday, where the Coldwell Banker Commercial organization highlights a particular property.


College Football Conferences Ranked by Size of Office Market (Part 1)

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America’s favorite time of the year is finally here, football season. This year college football gives us a lot to look forward to. The 2014-2015 season will be the first season a playoff system is used to decide the champion and as if that doesn’t bring enough excitement, the AP Preseason Football Rankings being released surely did so. CBC corporate wanted to join in on all the excitement by creating rankings of its very own. This year’s rankings consist of three of the top college conferences, the ACC, Big 10 and SEC. However, rather than rank these schools based on their sporting capabilities, CBC took a commercial real estate approach. Each school was ranked based on the rentable building area (RBA) in the Office sector of the CoStar market the school is located in.

ACC Conference Ranked by Size of Office Market

ACC Office Market Rankings

  1. Boston College
  2. Georgia Tech
  3. Pittsburgh
  4. Miami
  5. Duke
  6. University of North Carolina
  7. North Carolina State
  8. Wake Forest
  9. Louisville
  10. Clemson
  11. Syracuse
  12. Florida State

Virginia and Virginia Tech did not rank because there were no CoStar markets available in their location.

The ACC Office Market Rankings show us that the schools in prominent markets with big populations will usually come out on top.  Boston College located in Boston, MA, came in first among its competitors with 384,961,978 SF of Office space. As expected, schools located in other major cities trail closely. Georgia Tech, in the heart of Atlanta has a total of 302,386,362 SF of office space.  Interestingly enough, Florida St has the most student population, but that doesn’t translate into office space, as it is in one of the smaller markets. They do have the lowest vacancy rate at 8.0%.

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By Julie Allison, Intern, Coldwell Banker Commercial Affiliates 



‘15 inute Oil hange’

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Not too long ago, I was driving in my car and saw a sign that read ‘15  inute Oil  hange.’  Now I know what it was supposed to say, after all I am familiar with what a 15 minute oil change is. My brain even corrected the sign.  But I couldn’t help but wonder why businesses think it’s acceptable to display a broken sign or worse, a sign with missing letters.  Perhaps cost is the main factor, I know those signs can get expensive to maintain, or maybe a replacement has already been ordered or it’s just taking a few days to be repaired. Whatever the reason, I think it’s safe to say that broken signs should not be displayed for long periods of time.

Building owners and even building tenants should be mindful about signage displayed on the building. Not only is it bad for business, it could result in permanent placement on a site like www.funnysigns.net. Being the joke of the neighborhood doesn’t sound like good business to me. Furthermore, in my instance, I couldn’t help but drive by the ‘15  inute Oil  hange’ in search of a more responsible establishment. Do I really want to trust the care of my car with a business that can’t even display the correct lettering on a sign? It might be harsh, but there’s not even a chance I’d give them my business.

One other helpful tip: Before displaying any type of sign on your building, have a teenager read the message to ensure it doesn’t have a negative connotation or alternative meaning. It may seem silly but it’s worth it, trust me.

By John Boyer, Director of Marketing, Coldwell Banker Commercial Affiliates


Featured Listing Friday

August 15, 2014

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1500 Wichita
McAllen, TX 78503

Listing Type:      Hospitality
Sale or Lease:    Sale
Style:                    Hosp. Hotel/Motel
Size:                      63,800 SF
Price:                    $7,800,000
Agent(s):             Sally Guerra & Daniel Galvan, Coldwell Banker Commercial La Mansion

Details:

  • Excellent investment
  • Hotel Facility consists of one building with 105, king and double units, a fitness center with spa, Business Center, Board Room, Meeting Rooms, offices, and more.
  • On-site laundry facility, vending area, and breakfast area.
  • Hotel sits immediately in front of McAllen’s Miller International Airport and immediately in front of SIMON’s La Plaza Mall.
  • Breakdown of Guest Rooms: Kings - 76, Doubles - 29

Click here to view all property listings.

This is a weekly feature published each Friday, where the Coldwell Banker Commercial organization highlights a particular property.

August 8, 2014

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1 Blacks Island
Florida, USA

Listing Type:       Multi-Family
Sale or Lease:      Sale
Size:                      45,100 SF
Price:                    $32,000,000
Agent:                  Richard Lively, Coldwell Banker Commercial Schmitt Real Estate Co.

Details:

  • Black’s Island is a one of a kind, Private Island located in the heart of St. Joseph Bay, on the west coast of north Florida.
  • Only accessible by boat, seaplane or helicopter, this seven-acre island has been developed into a magical, secluded paradise retreat, complete with world-class accommodations and amenities.
  • Stroll down the center of the island on a 1,200-foot cypress boardwalk that connects 26 gulf-front luxury bungalows.
  • These private homes feature an island style decor, and each has its own spectacular sunset and sunrise view.
  • As you would expect on an island, the amazing water activities seem endless. Kayaks are at your disposal for gliding through the bay’s protected waters. 

Click here to view all property listings.

This is a weekly feature published each Friday, where the Coldwell Banker Commercial organization highlights a particular property.

August 1, 2014

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Puyallup Executive Park
929 & 1011 East Main
Puyallup, WA 98372

Listing Type:      Office
Sale or Lease:    Sale
Subtype:
             Office Bldg
Size:                      77,367 SF
Price:                    $12,257,000
Agent(s):             Steve Offenbecher & Ethan Effenbecher
                               Coldwell Banker Commercial Offenbecher

Details:

  • Puyallup Executive Park is a 2 building, multi-story professional and medical office building located in downtown Puyallup.
  • The proximity to the Sounder Station, local bus routes, retail shopping, river walk trails and a huge demographic of workforce living in and around the greater Puyallup area, make this quality office park very attractive to tenants.
  • The property is 91% occupied with a diverse collection of medium to long term tenants.

Click here to view all property listings.

This is a weekly feature published each Friday, where the Coldwell Banker Commercial organization highlights a particular property.

July 25, 2014

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Listing Type:        Land
Sale or Lease:     Sale
Subtype:              Land - Agriculture (Not Zoned)
Style:                   Antique
Size:                    2,644 +/- Acres
Price:                  $87,799,800
Agent:                  Dean Saunders, Coldwell Banker Commercial Saunders Real Estate

Details:
  • Jumpie Run Plantation is a beautiful legacy property owned by the same family for the 3rd generation.
  • The 2,644 +/- acre timber plantation is located in the plantation belt of the Red Hills area of North Florida in Jefferson County.
  • The property has unique features of topography, flora, and fauna. Wildlife abounds in natural habitats, making it a notable hunting property with excellent turkey and deer populations.
  • The plantation offers beautiful views of the rolling countryside of the Red Hills and the lower lands with pine flats and hardwood hammocks.
  • In 1986, the family entered the property into the Conservation Reserve Program with the USDA. Presently, about 600 acres remain enrolled in CRP under a contract expiring in 2017.
  • There are 1,100 acres of planted pine on the property, excluding the strips in the CRP plantings.
  • The propertys excellent location is central to city amenities with shopping only minutes away. With only 30 minutes to Tallahassee and 30 minutes to Thomasville, GA, social and shopping amenities are easily available!
  • Five minutes to Monticello and seven minutes to I-10 make this location a great weekend get-a-way or a permanent or vacation home!

Click here to view all property listings.

This is a weekly feature published each Friday, where the Coldwell Banker Commercial organization highlights a particular property.

—-

July 18, 2014

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Bonnet 10
Milan

Listing Type:          Hospitality 
Sale or Lease:        Sale
Size:                     174,160 SF (building); 121,417 SF (parking/other)
Price:                         Call for pricing.

Details:
  • Asset consists of a nineteen floor building plus the underground floors
  • Equipped with an underground parking area, which is directly connected to the building
  • Has an open view, thanks to its front square
  • Extremely versatile; could be used for both closed or open spaces
  • Located on the northern side of Milan (Lombardy), in the “Garibaldi Distrct,” just 500 meters walking distance from the railway and underground station that have the same name
  • The street is currently a pedestrian zone and is located in one of the main areas of Milan’s nightlife. 

Click here to view the full property listing.

This is a weekly feature published each Friday, where the Coldwell Banker Commercial organization highlights a particular property.

July 11, 2014

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Listing Type:          Industrial
Sale or Lease:        Sale
Subtype:                   Industrial
Style:                         Industrial Bldg - Manufacturing
Size:                      37,700 SF
Price:                         $1,650,000
Details:
  • 2 Buildings Totaling ±37,700 SF
  • Situated on ±2.34 Acres of Land
  • Property is Located Just North of Highly Traveled Main St
  • Both Buildings Provide Ground Level Loading Doors
  • Property is Fully Paved and Fenced
  • APN: 0410-112-18
  • Zoned MI: Manufacturing/Industrial

Click here to view all property listings.

This is a weekly feature published each Friday, where the Coldwell Banker Commercial organization highlights a particular property.

June 27, 2014

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Colonial Beach Yacht Center
1787 Castlewood Drive
Colonial Beach, VA 22433

Listing Type:     Special Purpose
Sale or Lease:   Sale
Style:                 Boat Slip
Lot Size:               12,500 SF
Price:                    $5,487,900
Agent:                  Tony Sala, Coldwell Banker Commercial Elite

Details:

  • Family run business since 1988
  • 7.2+/-   acres, Zoned C-1
  • Protected and commanding location at the entry to Monroe Bay
  • Serving vessels from 18’ to 150’
  • Last deep-water marina for north-bound vessels to Washington, D.C.
  • Approximately 57 statute miles to Washington DC and approximately 40 statute Miles to the Chesapeake Bay
  • 140 active slips; 36 are covered and 9 slips have lifts (4 lifts are covered)
  • All slips, pilings, docks, utility services and covers completely replaced in 2002
  • 65’ Fuel Dock with 8’ draft; gasoline and diesel
  • Dual 30 amp and 50 amp services to all slips on A, D and E docks
  • Electricity served by Dominion Virginia Power
  • Water service to all slips / 3” Municipal service line and on-site well (currently not in use)
  • Municipal sanitary sewer
  • Cable TV and Telephone service is available
  • Verizon provides telephone; Chancellor Communications provides cable
  • 30 Ton Travel Lift and 9 Ton Holstar hydraulic trailer
  • Complete Boat Brokerage Services
  • Full-Service Restaurant seating 200 and Riverfront beach area for 1000!
  • Yard Maintenance and Service operation
  • Restaurant and Yard Maintenance Operations are leased
  • 1,960 +/- SF Owners/Managers apartment
  • 2,400 +/- SF “Old Ship Store” is available to lease

Click here to view all property listings.

This is a weekly feature published each Friday, where the Coldwell Banker Commercial organization highlights a particular property.

June 20, 2014

2445 N. Palm Drive
Signal Hill, CA 90755

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Listing Type:     Industrial
Sale or Lease:   Sale
Style:                 Industrial Bldg - Warehouse
Price:                    $6,100,000
Lot Size:               28,859 SF
Agent:                  Marc Bonando, Coldwell Banker Commercial BLAIR WESTMAC

Details:

  • A Class A modern construction multi-tenant industrial property located near the ports of LA and LB as well as Long Beach Airport.

  • Offers investors the opportunity to purchase a modern construction (2008) multi-tenant industrial building in one of the strongest multi-tenant markets in the region.

  • The General Service Administrations (GSA) Environmental Protection Agency (EPA) is the major tenant in the project along with a solid local tenant base.

  • The local area is experiencing a significant development and infrastructure investment. Douglas Park, a 260 acre masterplanned, mixed-use development, when completed will include over 800,000 square feet of industrial, over 250,000 square feet of office space, up to 200,000 square feet of retail space, as well as a Courtyard by Marriot hotel.

  • The average unit size is 3,396 square feet, with tenants occupying a range from 13,500 square feet to 1,863 square feet; the building offers great flexibility meeting the markets fluctuating needs.

  • Located along the 405 corridor, just a few miles from the Long Beach Airport, Signal Hill offers its businesses the unique opportunity to service Los Angeles and Orange Counties with proximity to five major freeways including the San Diego (405), Long Beach (710), San Gabriel (605), Garden Grove (22), and Artesia (91) freeways, allowing quick access to adjacent areas.

Click here to view all property listings.

This is a weekly feature published each Friday, where the Coldwell Banker Commercial organization highlights a particular property.

June 13, 2014

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DeSoto County Ranch and Farm
Highway 17 Arcadia, FL 34266

Listing Type:     Land
Sale or Lease:   Sale
Subtype:             Land – Agriculture (Not Zoned)
Price:                   $27,944,000
Lot Size:            11,200 AC
Agent:                 Dean Saunders, Coldwell Banker Commercial Saunders Real Estate

Details:

  • The DeSoto County Ranch and Farm is a large-acreage property for sale in Florida consisting of four distinct tracts that equal 11,200 +/- total acres.

  • The property has been primarily used for cattle, hay, and farming, with some hunting uses.

  • The highest and best use for the property is its current agricultural use with Bahia pasture for cattle grazing, Floralta hay fields, and truckcrop farming.

  • It includes five wells - (4) 12 and (1) 10 wells - for seepage irrigation.

  • Future Land Use is Rural/Agriculture that allows for one dwelling unit per 10 acres.

Click here to view all property listings.

This is a weekly feature published each Friday, where the Coldwell Banker Commercial organization highlights a particular property.

June 6, 2014

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713 Market Drive
Oklahoma City, OK 73114

Listing Type:     Office
Sale or Lease:   Sale
Subtype:             Office Bldg
Size:                      57,000 SF
Price:                    $15,250,000
Agent:                  Jerry Hocker, Coldwell Banker Commercial Hocker & Associates

Details:

  • Property is 100% leased to Schlumberger Technology Corporation (S&P A+) under a ten year lease, with five years remaining and two 5 year renewal options.

  • Schlumberger is the world’s leading supplier of the information solutions to the oil and gas industry.

  • The company employs approximately 123,000 people in more than 85 countries.

  • Schlumberger reported a full-year 2013 revenue (from continuing operations) of $45.27 billion.

  • Property was specifically built to tenant’s standards in 2009; the tenant has since invested over $2M into the property.

Click here to view all property listings.

This is a weekly feature published each Friday, where the Coldwell Banker Commercial organization highlights a particular property.