Commercial & Residential Listing Services
What does it mean when a listing is off market?
What is an exclusive listing?
A real estate sale transaction in which a specified real estate agent stands to gain a commission if a property sells within a specified number of months, no matter how a buyer is found. The purpose of an exclusive listing is to motivate the agent to sell the property quickly and at the highest price possible.
What is the exclusive right to sell?
During this period the seller cannot list the property with any other agent and (unlike in exclusive listing) must pay the agent's commission even if he or she (and not the agent) finds a buyer. Also called exclusive right to sell.
The seller reserves the right to sell the property on her own, without paying a commission to her agent. This is different from an "exclusive right" listing, in which the seller's broker will receive a commission from the seller, regardless of who brings the buyer into the purchase
Honesty and integrity. Knowledge of purchase.
process.Responsiveness. Knowledge of real estate market. Communication skills. & Negotiation skills.
What is an off market listing? Also known as a “quiet” or “off-market” listing, a pocket listing is a property that an agent keeps tucked away in his or her “pocket.” Though the seller has a signedlisting agreement with a real estate agent, the property for sale isn't officially listedin the MLS.
For Sale
The Boulevard 1,181,876 SF | LAS VEGAS, NV
Asking Price: Unpriced Property Type Retail, Office, Mixed Use
Square Footage 1,181,876 Occupancy 87% NOI $10,888,658 Lot Size (acres) 75.3 Parking (spaces) 5,516
The Boulevard, a 1.2 million square foot regional center situated on 75 acres in the heart of Las Vegas, Nevada. Many call it a mall. We call it one of the most interesting real estate opportunities in the city. Constructed as a traditional regional mall with anchors Sears, Macy’s and JC Penney, the look, feel and complexion of The Boulevard is changing with the times! Bordered by the 762 bed Sunrise Hospital and Sunrise Children's Hospital (HCA) to the north, which is currently undergoing a $130 Million renovation, and within walking distance from the University of Nevada Las Vegas campus to the south, The Boulevard is an enclosed regional center with an extremely bright future. Built in 1968 and now five decades young, history will show this property pivoting and reinventing itself as an important hub of urban commerce. Retail is evolutionary, and The Boulevard is quickly becoming a case study in the urbanization of a suburban mall.
National Multi Tenant Plaza 7.50% CAP | 10,277 SF SYRACUSE, NY
Asking Price: $3,878,520
Property Type Retail Lease Type NN Tenancy Multi Number of Tenants 5
Sqft. 10,277 Price/Sq Ft $377.40 Cap Rate 7.50% NOI $290,889
Year Built 2015 Lot Size (acres) 1.94 Ownership Fee simple
The seller is willing to pay the buyer a rent credit until this space is fully leased. More than 51 percent of the center is backed by corporate credit. Aspen Dental Management, Incorporated operates more than 500 dental offices across 35 states. H&R Block Eastern Enterprises, Incorporated is an investment grade tenant with a Standard & Poor (S&P) rating of BBB. Domino’s demonstrates commitment with its more than 10-year operating history and significant capital investment for its Store of the Future Build Out. Additionally, Domino’s executed its second 10- year extension option early in 2017.
ShopRite Plaza 6.75% CAP | 56,555 SF | ELLENVILLE, NY
Asking Price: $13,103,867
Property Type Retail Sub Type Grocery Store Plaza
Net Lease Absolute Triple-Net (NNN) Master Lease-Absolute
Tenant Credit Corporate Guarantee
Tenancy Multi Number of Tenants 7 Lease Term 31 years
Lease 11/01/1993 10/31/2024 Remaining Term 6.6 years
Square Footage 56,555
Cap Rate6.75% Occupancy 100% NOI $884,511
Year Built 1993 Year Renovated 2015
Lot Size (acres) 11.74 Parking (spaces) 398
Rent Bumps See rent schedule in OM
Lease Options Four, Frive-Year & One, Four-Year Renewal options
BJ's Plaza 95,846 SF | BATAVIA, NY
Asking Price: Unpriced
Property Type Retail Investment Type Value Add Square Footage 95,846 Occupancy 91% NOI $815,000
Year Built 1996 Year Renovated 2002 Lot Size (acres) 10.62 Parking (spaces) 519
Rite Aid (Walgreens Guaranty) 7.50% CAP | 10,908 SF AHOSKIE, NC
Asking Price: $3,133,013
Property Type Retail Investment Type Net Lease
Lease Type Absolute NNN
Tenant Credit Credit Rated Tenancy Single
Square Footage 10,908 Price/Sq Ft $287.22
Cap Rate 7.50% NOI $234,976
Year Built 2005
Burger King 5.65% CAP | 4,530 SF | PITTSBURG, KS
Asking Price: $2,300,885
Property Type Retail Sub Type Restaurant
Investment Type Sale/Leaseback-Absolute NNN
Tenant CreditFranchisee Tenancy Single
Lease Term 20 years Ownership Fee Simple
Square Footage 4,530 Price/Sq Ft $507.92
Cap Rate 5.65% Occupancy 100% NOI $130,000
Units 1 Year Built 2018 Buildings 1 Stories 1
Lot Size (sq ft) 43,560 Lease Options Four 5 Year Options