Type of Properties
We specialize in buying and selling commercial real estate in South Florida. Commercial real estate offers more options for high-return investments compared to residential properties. Types of commercial properties include:
Triple Net Lease
A triple net (NNN) lease is a lease structure where the tenant is responsible for paying all operating expenses associated with a property. The triple net or NNN lease is considered a “turnkey” investment since the landlord is not responsible for paying any operating expenses. The majority of tenants are national companies whose primary business is either retail or the restaurant business. The leases tend to be long term and secure.
Retail properties are used to display and sell goods and services to the public. Shopping Centers of various sizes make up a major sector of retail properties, with an estimated 6.5 billion square feet of leasable retail area in North America and 23 million square feet in Miami-Dade County. Shopping centers include regional and super regional malls, neighborhood centers, community centers, power centers, theme or festival centers and mixed-use developments.
Apartment buildings or multifamily buildings are housing units that accommodate more than one family or household. Typically to be considered an apartment building there will be a minimum of five living units. There are various styles such as garden, midrise and high rise.
Office properties are used to to house management and staff operations. The term office can refer to whole buildings, floors, parts of floors, and office parks. Office properties may be classified as Class A, B, or C. Class A properties are the most functionally modern. Class B and C properties in the same market typically command lower rents because they are older and in need of modernization