Monthly Archives: June 2013

WELCOME TO NAI Manasota NET LEASE ADVISORS

NAI Manasota - Sean Dreznin

NAI Manasota – Net Lease Advisors

NAI Manasota Net Lease Advisors is a full-service commercial real estate investment firm, dedicated to linking buyers and sellers in the triple net marketplace. Our goal is to be your most trusted advisor when it comes to buying or selling single tenant retail properties.

If you are in a 1031 exchange, let us simplify the process of buying or selling an investment property by putting our resources to work for you. Our proprietary database of over 115,000 clients helps us create real value for investors by building off our existing relationships in the triple net market. For more than 10 years, our client-focused approach has led to over $1 billion in commercial real estate sales. Contact us today to find out how Westwood can help you achieve your investment goals.

FOR BUYERS
NAI Manasota Advisors is committed to working with you throughout your investment years. We begin by understanding your investment goals, risk tolerance, income and wealth objectives, and investment timeframe. Our expert advisors will present investment options that meet all your needs, as well as recommend exit strategies and reinvestment opportunities. We have a host of commercial real estate investments with income producing properties of all sizes and values.

FOR SELLERS
When you select NAI Manasota Net Lease Advisors to sell your investment property, you will experience the individual attention and professionalism that you won’t get from other large brokers. And with our extensive database of qualified buyers, investors and affiliated brokers, your commercial real estate property will be marketed aggressively and effectively to sell in the shortest period of time possible at the right price.

Contact us today and let’s get to work and achieve our goals!

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30-year-mortgage rate soars to almost 2-year high

30-year-mortgage rate soars to almost 2-year high

Mortgage rates hit a new high

Mortgage rates hit a new high

By Ruth Mantell, MarketWatch

Mortgage rates soared over the past week, after the Federal Reserve suggested it could start tapering bond purchases this year, with the popular 30-year fixed-rate mortgage rate hitting the highest level in almost two years, according to data released Thursday.

The average rate for the 30-year fixed-rate mortgage rose to 4.46% in the week ending June 27, the highest rate since July 2011
, and up from 3.93% in the prior week, Freddie Mac said in its weekly report. The latest weekly result is also the first time the rate has reached above 4% since March 2012.

That gain of 53 basis points is the largest weekly change since 1987. A year ago, the 30-year rate averaged 3.66%.

For complete article, CLICK HERE <————–

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for sale to qualified investors, a brand new retail property which is 100% leased to Dollar General located in Port Richey (Tampa MSA), Florida.

Call NAI Manasota if you are looking to satisfy a 1031 exchange or an investor looking for NNN deals. We are on the pulse of Single Tenant Leased Free Standing Buildings.

representative photo of Dollar General

representative photo of Dollar General

Stan Johnson Company is pleased to offer for sale to qualified investors, a brand new retail property which is 100% leased to Dollar General located in Port Richey (Tampa MSA), Florida. Port Richey is approximately 38 miles northwest of Tampa, Florida (Population: 346,037).

Dollar General is operating under a Fifteen (15) year, Absolute NNN lease featuring Four (4), Five (5) year renewal options and 10% rent increases in each option.

The subject property is located directly on Ridge Rd. (32,553 VPD). Nearby tenants include Lowe’s, Kohl’s, Home Depot, Family Dollar, Dollar Tree, Wal-Mart, U-Haul, Publix, CVS Pharmacy, Napa Auto Parts, Subway, Sonic, Pizza Hut, and Dunkin Donuts, among others.

INVESTMENT HIGHLIGHTS

Brand new Fifteen (15) year lease with Four (4), Five (5) year renewal options and 10% rent increases in each option
NNN – Absolute Net Lease. Tenant is responsible for all expenses including roof, structure, taxes, insurance and common area maintenance
The subject property is located directly on Ridge Road (32,553 VPD) and serves as a primary convenience shopping destination within the community
Population of 131,350 within a 5 mile radius
Nearby tenants include include Lowe’s, Kohl’s, Home Depot, Family Dollar, Dollar Tree, Wal-Mart, U-Haul, Publix, CVS Pharmacy, Napa Auto Parts, Subway, Sonic, Pizza Hut, and Dunkin Donuts, among others
As of January 31, 2013, Dollar General Corporation reported total revenues of $16 billion, a net income of $952 million and a net worth in excess of $4.98 billion. The company currently holds an investment grade credit rating of BBB-/Stable with S&P

Contact Sean Dreznin @ 941-961-8199 or email @ sdreznin@naimanasota.com for more information or interest.

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Real Estate ‘A Tremendous Buy’: CEO

Real Estate ‘A Tremendous Buy’: CEO

CNBC

Video

Published: Tuesday, 18 Jun 2013 | 1:15 PM ET

By: Bruno J. Navarro | Online Producer

Supply shortages and interest rates will continue to be positive for the real estate market, Colony Capital CEO Tom Barrack said Tuesday.

“Look, it’s a tremendous ‘buy,’ he said. “The good news for the home builders is they start planning profitability five years ago.”

On CNBC’s “Fast Money,” Barrack said that the market was still hot.

“Demand is exponential,” he said. “Affordability at the entry level may get hit a little bit, but traditional rates on 30-year fixed-rate mortgage, which has been the best investment for Americans, has always been in the 6s for the last 10 or 15 years.”

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BH Equities, Pensam Capital buy Gateway Apartments in St. Petersburg, Florida.

BH Equities, Pensam Capital buy Gateway Apartments in St. Petersburg, Florida. via NAI Sean Dreznin

Apartment & Investment Specialist -- Sean Dreznin at NAI Manasota

Apartment & Investment Specialist — Sean Dreznin at NAI Manasota


BY: SEAN ROTH | REAL ESTATE EDITOR
June 14, 2013

Miami-based Pensam Capital LLC and Des Moines, Iowa-based BH Equities LLC have snapped up another Gulf Coast multifamily property. The joint venture purchased the 144-unit Gateway Apartments in St. Petersburg for $6.9 million.

The price equated to $47,916 per unit.

Built in 1986, the apartment development features 11 one- and two-story buildings. Units average 600 square feet of rentable space. Amenities include a laundry facility, basketball court and swimming pool. The development occupies a 7.26-acre site.

For complete article, CLICK HERE <——–—–

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Investors Still Hot on South Florida Apartments

Investors Still Hot on South Florida Apartments

Sean Dreznin sells Investments

Sean Dreznin sells Investments

Commercial Real Estate Direct Staff Report

Greater demand, a scarcity of available properties and low interest rates have led to a decline in capitalization rates for apartment properties selling in South Florida.

About $2.3 billion of properties traded last year in Miami, Broward and Palm Beach counties, up from $1.2 billion in 2011, according Real Capital Analytics. In 2010, $2.1 billion of properties changed hands.

Investors from South America, France, Russia and the Middle East, which always have been active in the area, continue to drive the property-sales market. But the top foreign buyers are from Canada, Weaver said. And among the more active of those is Morguard Corp., a Mississauga, Ontario, investment manager.

The largest properties – those with 100 units or more – are pursued most actively by institutional investors based in the United States, including life-insurance companies and pension managers. But smaller properties are getting their share of attention as well. Those priced between $1 million and $10 million saw a total of $490 million of sales last year, a five-year high, according to CBRE.

For Complete article, CLICK HERE <————-

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Zillow picks apart the Sarasota-Manatee market

Zillow picks apart the Sarasota-Manatee market

By Harold Bubil, Herald-Tribune
/ Saturday, June 8, 2013

IMG_0718

Fifty million people are using Zillow to search for real estate information. The technology company has a lot of geeks who write computer code to make its website and mobile app more useful for consumers.

But Zillow does more than that. It studies the market like a swarm of bookworms, and not just the biggest markets. Every market.

At the National Association of Real Estate Editors’ annual conference here, Zillow released “market snapshots” of the top 30 markets — New York, Houston, Atlanta … the usual suspects. I mentioned to Alison Paoli of Zillow that it would be nice to have a snapshot of the smallish Sarasota market, and guess what she did? She called her geek friends and they set to writing code just for us. The next day, Alison handed me the info.

Here’s the scoop:

-The Zillow Home Value Index (ZHVI) for April in the Sarasota market is $163,100, compared with $158,300 for the nation as a whole.

-Sarasota’s ZHVI is up 11.9 percent year over year; the nation is up 5.2 percent year over year.

For Complete article, CLICK HERE <————

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