Examples of previous Projects and Real Estate Assignments
1250 Medical Plaza:Off Market Property total sale price $16,079,237
One of the premier medical office buildings in Florida, located adjacent to Sarasota Memorial Hospital. It took almost one year to get a meeting with the owner of the building. After several meetings the owner agreed to let us “quietly” shop the building. After several months a potential buyer was identified. Over the next year and a half, we assisted the owner in maximizing the value of the building through lease-up of vacant spaces. Further we assisted the out-of-town buyer in acquiring purchase rights to the medical condo units that the developer sold years prior, which immediately added value for the buyers at closing.
Subsequently the buyer has engaged us exclusively to head their acquisition and lease activities in West and Central regions of Florida. We are also working with the seller to identify and purchase commercial real estate opportunities in West and Central Florida.
Colonial Plaza:Sale Price $2,850,000
30,000 square foot value add retail center. Worked with owners for over a year to located and negotiate property to meet their criteria. The challenge with Colonial Center was the terms of the owner financing. Deal appeared to have “died” a number of times, but together with the team, we suggested several options for both the buyer and seller to consider. In the end we were able to put the deal together to everyone’s liking. We continue to assist owner in remaining lease-up of vacant units and management of property as needed.
Metropolis Ave: Absolute NNN Investment. Sale Price $1,842,000
15,000 square foot medical office building located directly across the street from Gulf Coast Medical Center, a 349 bed hospital that will be expanding in the near future. This is an absolute NNN leased building with a new 10 year lease in place from a national publically traded company. Also it was negotiated that tenant invest over $300,000 in TI’s for the building. The owner has almost zero responsibilities except collecting a check. Annual returns for the lease period are anticipated to be in the high single digits to low teens.
Galleria On Venice Avenue:$15,000,000 Commercial Development
Assembled 3 separate parcels into 10.4-acre site. Worked with local government officials to have site annexed into the City of Venice allowing use of City resources.
Assembled development team and worked closely with City, County and State officials to secure entitlements and rezone property. This included holding a series of neighborhood meetings and workshops. Gained site plan approval for new urban mixed-use project including 108,000 square feet of office, medical and retail space along with 2 outparcels.
Managed entire development team, from site selection, feasibility, entitlements and permitting, construction, financing, marketing, presales/sales, construction, writing creating land condominium and wrote condominium documents, leasing, condominium management and property management.
747 Eagle Point Drive:Sale Price $3,700,000
Located in the prestigious Eagle Point Club in Venice, FL. Purchased land, permitted and constructed dock, then designed, built, marketed and sold custom spec house for $3,700,000. Investor made 150% annualized return on capital invested and was secured by the real estate asset.
742 Eagle Point Drive:Sale Price $1,297,000
Also located in the prestigious Eagle Point Club. The previous owner of the lot determined the lot was unbuildable. We believed it was a buildable. Negotiated with previous owner to subordinate the land. Designed, built, and sold Custom Spec house for 1,297,000. Investor made 85% annualized return on capital invested and was secured by the real estate asset.
Sunrise Drive:Sale Price $1,400,00
Fix and Flip:
Identified this property and negotiated purchase price with previous owner that would insure the success of this project. Did minor renovations, marketed and sold property for $1,400,000 in span of 8 months. Investor made 96% annualized cash on cash return and was secured by the real estate asset.
Casey Key Road:Project Total Over $1,100,000
Extensive renovation to this luxury Gulf to Bay property in order to add second master suite addition, additional of bathrooms, and elevator through core of the residence. Rebuilt dock and beach walkovers and refurbished beach cabana, which included both local and state permitting. Retrofitted entire exterior to meet current hurricane codes including tie downs and hurricane shutters. Installed emergency backup generator, windows, doors etc. ... Added spa, reroofed and more….total interior and exterior renovation.
Siesta Key Circle:Total Project Value $3,000,000
Worked with client to locate property to fit their criteria. Conducted feasibility study to assess options and potential ROI (return on investment for project). Determination was made that a major interior and exterior renovation would be wisest course. Created concept for project, designed and executed major interior and exterior renovation of entire property. This project had the extra challenge of FEMA 50% rule. The residence more than doubled in value after renovations were complete.
JE Charlotte Construction Company:
Developed Property and negotiated preconstruction sale of office space with JE Charlotte Construction. JE Charlotte relocated their corporate headquarters to Galleria On Venice Avenue in 2008.
Florida Kidney Institute:
Developed Property and negotiated the sale to in order to locate new medical practice to Galleria On Venice Avenue. After a number of years negotiate sale of more space for the expansion of medical practice. Facilitated design, permitting and build-out of units.
LePetit Jardin Restaurant:
Developed property and negotiated lease, with the Owners of the Le Petit Jardin to relocate their thriving restaurant business from the Island of Venice, where they had been located for over 25 years. Facilitated the design, permitting and build-out of the restaurant. Le Petit has had consecutive record years since relocating to Galleria.
Prudential Florida Realty Services/WCI Communities:
Developed Property and negotiated long-term lease and options with parent company WCI Communities, one of Florida’s largest lifestyle developers and homebuilders, to relocate local corporate headquarters. Facilitated the design, permitting and construction of corporate offices.
Joyner Family Insurance:
Developed Property and negotiated the lease with option to purchase space for startup insurance agency. Facilitated the permitting and build out of corporate offices. After original lease term, negotiated the sale of original space, plus an expansion to keep Joyner Family Insurance at Galleria for the foreseeable future.
The Smile Center:
Developed property and negotiated sale of multiple spaces in order to relocate thier Venice offices to Galleria. Facilitated design, permitting and construction of dental practice.
Out-Parcel/Regional Bank:Sold for $1,450,000
Developed property, marketed, and negotiated and sold prime out-parcel to regional bank in order to relocate their local branch. Worked closely with bank, engineers and City to gain site plan approval and building approval.
B&L Venice Investments:
Developed and negotiated the sale of a number of commercial units, as well as vacant land to build a 9,000 square foot free standing medical building. Continue to advise B&L on the development and construction of their new medical building.
Coastal Family Medicine:
Developed Property and negotiated sale of space for startup medical practice. Facilitated design, permitting and build out for family medical practice.
Art of Healing PT:
Developed property and negotiated sale of space to locate startup pain clinic. Facilitated design, permitting and build-out of unit.
Developed property and negotiated retail lease with Bula Imports. Designed, permitted and built-out unit.
Fix and Flip:
Identified and purchased property. Planned and executed cosmetic renovation of property. Flipped house for substantial profit within 6 months. Investors made 120% annualized return on capital invested and were secured by the real estate.