In my day-to-day work as a commercial real estate broker that primarily focuses on hotel and multifamily properties, I see one thing right now that is important for property owners to know:
It's a seller's market.
While I would normally use this space for an update on everything we've been doing, we have to get the word out to find properties to sell to our buyers. We are currently working with buyers from all over the world that are looking to buy hotel and multifamily buildings in South Florida but we keep selling our listings and are out of inventory.
If you've been considering selling, please contact me.
What this means to you
Now is an excellent time to sell because we have buyers that are looking for properties to purchase in the short-term. In addition,
low interest rates and strong growth make it an excellent time for hotel and multifamily property owners to move into a
less management-intensive property such as a triple-net lease asset. A triple-net property allows you to earn a steady income on your commercial real estate asset while alleviating you from the management responsibilities.
If you've been thinking of retiring, this is an excellent option to consider.
Examples of triple-net lease assets are many of the CVS, Walgreens, Starbucks, and McDonald's properties you see, among many others.
In my next issue later this month, I will provide more information on triple-net properties and how you can transition into a less management-intensive commercial asset while deferring your tax bill from the sale, or possibly eliminating it altogether.
If you have any questions about triple-net properties or would like to see how much your property would sell for, or if you're ready to sell,
contact me at 954-543-5411, extension 2, or reply to this email.
Best,
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