Commercial Partners Realty team member Erik Anderson represented Waters Edge Office Center, Inc. in the sale of their 36,000 SF multi-tenant office building located at 2963 Gulf to Bay Blvd. Since taking over the leasing of the property in 2016, Commercial Partners Realty has reduced the overall vacancy rate of the building and positioned the property for a profitable sale. The CPR Team was able to generate offers from multiple buyers, giving the sellers significant leverage in the negotiations and leading to a final transaction in March of 2019 for $4,700,000 at a 7% CAP rate. The clients were extremely happy with the sale and would gladly recommend the CPR Team to anyone with office lease or sale needs in the Tampa Bay area.
Commercial Partners Realty is a full service Commercial Real Estate brokerage specializing in Office, Industrial, Retail, Land and Investment sales and leasing. Representing landlords, tenants, buyers and sellers of commercial real estate in Tampa Bay, Pasco County and West Central Florida, they have negotiated hundreds of millions of dollars in transactions in the region.
Commercial Partners Realty is a proud member of the George F. Young corporate family. Our parent company is a full-service professional consulting firm offering engineering, planning, landscape architecture, environmental, and surveying services throughout Florida. Established in 1919, George F. Young, Inc. has been serving the Tampa Bay area and beyond for nearly 100 years.