NAI Miami Negotiates Five Year Lease for Body 20 in Weston

For Immediate Release

Contact:
Brandon Weiss
305-938-4000
bw****@na******.com

NAI Miami Negotiates Five (5) Year Lease for Body 20 in Weston, Florida

MIAMI, FLORIDA – NAI Miami, a member of the world’s premier managed network of commercial real estate firms, announced today Brandon Weiss recently negotiated a five-year, 1,200 square foot retail lease for his client, Body 20 located at 1386 Weston Road in Weston, Florida. The landlord is Country Isles Plaza, LLC c/o Sansone Group, LLC. The lease is valued at over $288,000.

Body20 Studio EMS (Electro Muscle Stimulation) mimics the natural action of our central nervous system, sending electrical impulses to contract our deep muscle fibers. In just a 20-minute training session, your personal trainer will put you through a customized 1 on 1 program, giving your body over 150 times more muscle contractions than a conventional workout.

About NAI Miami

NAI Miami is a commercial real estate organization with the passion, dedication and expertise to realize maximum potential and generate creative solutions for our clients worldwide. Our collaborative services platform provides an expansive, yet nimble responsive structure enabling us to efficiently deliver superior result. To learn more, visit www.naimiami.com.

About NAI Global

NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 7,000 local market professionals, managing in excess of over 425 million square feet of property. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.

NAI Global was acquired in 2012 by C-III Capital Partners, a commercial real estate services company engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund management, CDO management, principal investment, title services and multifamily property management. To learn more, visit www.naiglobal.com.

How to Start the Year Right in Commercial Real Estate?

Start your year off right in commercial real estate with an annual business checklist.

Terms You Need to Know in Commercial Real Estate

Professional jargon can be intimidating no matter what industry you are in but commercial real estate terms can be especially tough to learn.

If you’re like many, learning this new “language” can be challenging – it’s possible that you may know certain commercial real estate terms but you might not understand some common phrases.

Below you will find a list of common industry terms we think are worth learning.

Assignment Clause

An assignment clause spells out which contractual obligations, rights, and duties may be transferred from one of the contractual parties to another party. The assignment may be in whole or in part, and the clause also details the conditions under which a party can assign these duties.

Capitalization Rate

The capitalization rate, often just called the cap rate, is the ratio of Net Operating Income (NOI) to a property’s value. For example, if a property recently sold for $1,000,000 and had an NOI of $100,000, the cap rate would be $100,000/$1,000,000, or 10%

Common Area Maintenance (CAM) Fees

Common Area Maintenance (CAM) expenses are fees paid by tenants to landlords to help cover costs associated with overhead and operating expenses for common areas

Escalation Clause

An escalation clause is a clause in a lease or contract that guarantees a change in the agreement price once a particular factor beyond control of either party affecting the value has been determined

Option to Buy

The option to buy is an agreement that gives an investor the right to buy a particular number of shares, or other financial assets, at a fixed price and before a fixed date.

Parking Ratio

Total rentable square footage of a property divided by the number of parking spaces; typically expressed as a ratio of spaces per 1,000 square feet. As an example calculation, a 40,000 square foot office building with 180 parking spaces has a parking ratio of 4.5 spaces per 1,000 sf.

Rentable Square Footage

Rentable square footage is defined as usable square footage plus a portion of the building’s common areas. As mentioned above, common areas outside of your occupied space that is of benefit to you (lobbies, restrooms, hallways, etc).

Rent Concession

A rent concession is essentially a rebate, a price reduction or some other form of benefit offered by landlords for inducing a prospective tenant to move into their property.

Right of Expansion

The right to expand clause is included in Leases where a Tenant has an option to add additional space in the Landlord’s Property to the current Premises. The clause should include deal-specific information about the nature of the Expansion Premises, as well as any restraints on the Tenant’s right to expand.

Right of First Refusal

Right of first refusal (ROFR or RFR) is a contractual right that gives its holder the option to enter a business transaction with the owner of something, according to specified terms, before the owner is entitled to enter into that transaction with a third party.

Sublease Clause

A Sublease is a legally binding contract made between the original tenant of a rental property (sublandlord) and a new tenant (also known as a subtenant or a sublessee). The sublease gives the subtenant the right to share or to take over the rented premises from the original tenant.

Usable Square Footage

Usable square footage is the actual space you occupy from wall to wall. Usable square footage does not include common areas of a building such as lobbies, restrooms, stairwells, storage rooms, and shared hallways.

Is Renting Your Best Option?

Every growing business will someday decide whether to buy or rent their next space. While weighing your options you should write out a pros/cons list. You might realize that renting is your best option.

If you still aren’t sure, take a look at the below infographic. Answering a few basic questions might help make the decision easier.

Some of the pros

Superior Location (for the price)

Enjoy the advantage of doing business in an area with a good location and high-profile image.

Fewer Responsibilities

You won’t have to worry about office maintenance, security, and other management issues.

Free Up Working Capital

Your money won’t be tied up in real estate costs, now you can prioritize on doing business. Your leased space may have some of the essentials you need, which frees you from purchasing them yourself.

Reduced Tax Paperwork

Owning a building or condo means almost limitless forms you are required to fill out.

Networking Opportunities

You will get a chance to interact with other businesses in the same location. While they may not be in the same field or industry, connecting with them can add to your productivity as a company or as an individual.

Take a look at a few of our properties to give you some ideas:

Retail / Restaurant Space

Alton Road South Beach

Ground level Baptist Health

709 – 745 Alton Road
Miami, Beach FL 33139

Modern Office Space

South Miami

Upgrade to luxury

7800 Red Road
South Miami, FL 33143

Office Suites

Heart of Doral

Fronting NW 79th Ave

2500 NW 79th Ave
Doral, FL 33122

Need even more help?

Give us a call!
+1 305 938 4000

Is Buying Your Best Option?

Every growing business will someday decide whether to buy or rent their next space. While weighing your options you should write out a pros/cons list. You might realize that buying is your best option.

If you still aren’t sure, take a look at the below infographic. Answering a few basic questions might help make the decision easier.

Some of the pros

Designing the Property as You Please

You have full control over your property and can decide what needs to be done in terms of designing your property according to your business needs.

Long-Term Investment

Owning a property is a long-term investment, while renting is a short-term fix.

Creation of Additional Revenue Streams

You can rent out any additional space your business isn’t using. 

Don’t Have to Deal With Landlord Restrictions

Do your business without the restrictions. Use your parking spaces, stay late or even come in on weekends.

Paying for Something You Actually Own

Does this really need an explanation? 

Take a look at a few of our properties to give you some ideas:

Office Building

Center of Kendall

Best in Class Suburban Office Building

11740 SW 80th Street

Miami, FL 33183

Office Condominiums

Doral

At Americas Gateway Park

1987 NW 88th Court

Doral, FL 3317

Corner Office

Doral

At Palmetto West Park

7791 NW 46th Street

#308

Doral, FL 33166

Need even more help?

Give us a call!

+1 305 938 4000

6 Simple Questions to Consider When Deciding to Buy or Rent

Is it financially better to buy or lease your office space?

As your business grows you may someday question which option works best for you. This question has many pros and cons but before you start making an intense list, check out the simple 6 question guided map our team has designed to help simplify the process.

“The answer is complex and depends in large part on the business type, size, and level of liquidity. A small professional service operation may be better off, long term, owning their office space. Conversely, an expanding restaurant operator may prefer to rent in an effort to keep capital expenditures & overhead to a minimum. 

Tax strategy may also play a part. The rent vs. buy conundrum could be discussed in depth for hours & I am happy to discuss with anyone who may have an interest.”

Jake Guso

Is Renting for you? Check out our blog.

Is Renting Your Best Option

Is Buying for you? Check out our blog

“Is Buying Your Best Option”

 

A Look In Time

For over two decades, NAI Miami has been one of South Florida’s leading commercial real estate firms.

“The quality employees and brokers of NAI Miami have greatly shaped the success of the company” said Jeremy Larkin, Co-Founder of NAI Miami. “Over the last 20+ years we have been extremely customer-focused and driven to provide our clients with the highest quality commercial real estate solutions to any challenge they face. We will continue this trend for the next 20 years while further strengthening our commitment to our core values of quality, timeliness and service.”

Originally founded in 1997 by current co-founders Jeremy Larkin and Edward Schmidt, the company began as Larkin, Schmidt, Weidenbaum. Jeremy and Edward took over the business in 1998 and grew the company threefold including adding a property management and wealth management divisions as well as completing some retail strip center developments.

In September 2001, Jeremy and Edward quickly recognized the potential for a wider audience and a more global platform and joined NAI Global.

“When we joined NAI Global, we quickly realized this is culmination of a 20-year effort to grow our company from a local boutique to dominate commercial real estate brokerage operation with a global platform to satisfy the demands of our diverse client base” stated Edward Schmidt, SIOR and Co-Founder of NAI Miami. “We pride ourselves in the collaborative effort of our entire team to focus on meeting the needs of our clients anywhere in the world, while still giving back to the community every year. We at NAI Miami sincerely care about our clients, our company, and our community.”

In the 20+ years NAI Miami has thrived in the South Florida Community, acquiring many prestigious awards including Top Leasing and Sales Firm by Costar for the past 15 years, South Florida Business Journal’s 2014 Power Leaders in Commercial Real Estate, 2013 South Florida Business Journal’s Ultimate CEO Award for Miami-Dade County, 2015 South Florida Business Journal’s Business of the Year, Top Commercial Real Estate Brokerages 2014 – 2018.

“While the past 22 years has been a wild and fantastic ride, I am eagerly looking forward to the next 20” said Jeremy Larkin. “Our relationships, partnerships and experience are what will guide us over the next 20 years. We are, and will continue to be, a dominant commercial real estate provider in South Florida.”

NAI Miami Negotiates a Large Seven Year Industrial Lease for Terminix

For Immediate Release

Contact:
Larry Gautier – Claire Holash
305-938-4000 – 305-938-4000
lg******@na******.com – ch*****@na******.com

MIAMI, FLORIDA – NAI Miami, a member of the world’s premier managed network of commercial real estate firms, announced Larry Gautier and Claire Holash recently negotiated a 7-year, 14,791 square foot industrial lease at 22 Kaimes Street in Albany, New York, for their client, The Terminix International Company. The landlord is Shaker Development Company Group LLC. and was represented by NAI Platform, LLC. This lease was valued at over $688,000.

Terminix International Company, L.P. is one of the largest pest control companies in the world, operating in 47 states in the United States and 22 countries around the world. It is a subsidiary of ServiceMaster Global Holdings, Inc.

About NAI Miami

NAI Miami is a commercial real estate organization with the passion, dedication and expertise to realize maximum potential and generate creative solutions for our clients worldwide. Our collaborative services platform provides an expansive, yet nimble responsive structure enabling us to efficiently deliver superior result. To learn more, visit www.naimiami.com.

About NAI Global

NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 7,000 local market professionals, managing over 425 million square feet of property. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.

NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.

To learn more, visit www.naiglobal.com

NAI Miami Property Management Newest 400,000 SF Project

As of June 1, 2019 the NAI Miami Property Management team took over their newest project at Palmetto West Park Condominium Association in Doral.

With over 400,000 SF and 150 office/industrial condominium units this project will be going through numerous upgrades:

  • Security Cameras- first phase has been installed, second phase in the works
  • Gated Entrances- process of doing this
  • Parking Enforcement- will be completed for park by Sept. 10
  • Landscaping- working to get new landscape design on the park
  • Curbing- repair curbs with be repaired, parking lot restriped, stops repainted.
  • Painting of buildings
  • Lighting- new lights will be for the parking and exterior of building, will be installing energy efficient lights
  • Signage- new modern signage will be installed, traffic signs will be placed, redesign of the mailbox area, and redesign of median.
  • Roof project for Phase I

Palmetto West Park Phase II

Palmetto West Park Condominium Association is made up of 3 phases.

  • Phase 1 – Industrial Space
  • Phase 2 – Flex Space
  • Phase 3 – Office Building

Follow the project with us and subscribe to our blog!

Looking for a property management team?

Let us increase your value contact us today!

Luxury Office Condo Recently Sold!

In the heart of South Miami above Town
Luxury Office Condo
1,957 SF
$434.34 PSF
Team : Edward Schimdt and Robert Eckstein

 

In the market for a new office or trying to sell your current unit?

Contact us today!