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By AZ Advisory Team, February 18, 2010 4:21 pm

Medical office properties have emerged as a growing sector in the real estate industry in the past few years, attracting a wider range of investors. It survived the worst of the recession and is coming out strong and healthier than other property types in this period of recovery.

There is a migration of capital from the commercial real estate world, which in general has become very soft, to the medical real-estate world. Medical office buildings typically have 70,000 to 100,000 square feet of space housing physician practices and related services. The buildings usually are located on hospital campuses, but sometimes are in satellite locations.

Their growing appeal is based largely on the perception that they are more immune from the economy’s ills than other property sectors, such as commercial-office buildings or apartments.

To be sure, investors are still snatching up commercial buildings that are well-leased despite the current weak conditions. But the medical office sector is considered healthier overall because physicians tend to stay longer and default less than other office tenants, and because medical office rents aren’t as sensitive to the economy.

Stay-tuned for the continuation.

Alex Zylberglait provides commercial real estate investment advisory as well as research, estate planning, asset allocation, valuation, financing, special assets services, transaction advisory and commercial property acquisition and disposition services.

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By AZ Advisory Team, February 10, 2010 1:36 pm

Alex Zylberglait of Marcus & Millichap is pleased to present 12459 Seminole Boulevard. The portfolio consists of two class C office buildings with a total of approximately 18,000 rentable square feet. The buildings were built in 1972 of concrete block. Each building has approximately 9,000 square feet with two floors. This portfolio also has on-site parking with a total of 48 spaces.

The property is located in Largo, Florida. Largo is located in the heart of Pinellas County along the Gulf Coast of West Central Florida. Centrally located, the properties are at the crossroads of the county. The property is proximate to major thoroughfares Ulmerton Road and Seminole Blvd (State Hwy 585), which has a traffic count of 33,000 vehicles a day. Within three miles, the population is over 100,000. Largo has grown to become the fourth largest city in the Tampa Bay area and is an extremely dense rental market. There is easy access to Interstate 275 which connects Tampa and St. Petersburg. The property is nearby Largo Mall anchored by Target and is minutes from the St. Petersburg-Clearwater International Airport.

Contact Alex Zylberglait, CCIM, SIOR
Vice President Investments
Director – National Office and Industrial Properties Group

Alex Zylberglait provides commercial real estate investment advisory as well as research, estate planning, asset allocation, valuation, financing, special assets services, transaction advisory and commercial property acquisition and disposition services.

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By AZ Advisory Team, February 9, 2010 4:39 pm

Alex Zylberglait of Marcus & Millichap is proud to present 6285 Sunset Drive. This ready for occupancy 5,200-square foot medical office building is ideally suited for a small medical practice.

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6285 Sunset Drive lies within an established medical hub just steps from South Miami Hospital (which recently completed its medical office complex), a few blocks from South Dixie Highway, and the Metrorail & bus stations.

This medical office building commands a high visibility location in a heavily traveled section of Sunset Drive. It is in the vibrant city of South Miami which borders the University of Miami main campus and the affluent communities of Coral Gables and Pinecrest.

Because of the unparalleled quality of its location, 6285 Sunset Drive would be a solid investment with significant appreciation potential.

Contact Alex Zylberglait, CCIM, SIOR
Vice President Investments
Director – National Office and Industrial Properties Group

Alex Zylberglait provides commercial real estate investment advisory as well as research, estate planning, asset allocation, valuation, financing, special assets services, transaction advisory and commercial property acquisition and disposition services.

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By AZ Advisory Team, January 13, 2010 12:33 pm

Looking at a report by our commercial real estate research partner, Real Capital Analytics — it says that “Foreign interest in buying US property is high and will grow in 2010. Asian investors will provide some of the newest capital in the market, but German funds and high net worth buyers from around the globe will also be active. The increased capital from Asia that has just started to emerge will particularly benefit the West Coast whereas more traditional European investors prefer the East Coast. Potential changes to the Foreign Investment in Real Property Tax Act (FIRPTA) could remove some barriers that have discouraged foreign investment in the US. Over the past few years, just 10% of US property acquisitions have involved cross-border investors, well below the global average of 28%. A repeal of FIRPTA is unlikely, but one likely change could facilitate greater foreign investment in US REITs, yet another reason why the REIT sector looks so promising for 2010.”

Alex Zylberglait provides commercial real estate investment advisory as well as research, estate planning, asset allocation, valuation, financing, special assets services, transaction advisory and commercial property acquisition and disposition services.

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By AZ Advisory Team, January 12, 2010 10:43 am

Alex Zylberglait of Marcus & Millichap is proud to offer Square One Center, a one-story Class B medical office building with approximately 17,600 square feet of rentable space. The property was built in 1999 of concrete block. It is located right off West Dixie Highway next to Aventura, Florida. The building has ample on-site parking with a 6 to 1,000-square foot parking ratio.

The property is 100 percent occupied and has a majority of medical tenants. It is located proximate to Aventura Hospital, which recently underwent a $130 million expansion. There is ease of management for an investor with all NNN leases.

Aventura is an affluent suburban submarket in northeastern Miami-Dade County, a mile from the beach. The city is located centrally between Ft. Lauderdale and Miami. Aventura has been a rapidly growing area for several decades as people are drawn to the region’s beaches and excellent year-round climate. Minutes from the property are Highway I-95, Biscayne Boulevard and Aventura Mall.

Property Type: Office
Subtype: Medical Office

Property Name:
Square One Center

Property Address:
20880 West Dixie Highway
Miami, FL 33180

Price: $4,100,000
Size: 17,600 Rentable SqFt

Contact Alex Zylberglait for his expert investment advisory services on this office property Square One Center.

Alex Zylberglait provides commercial real estate investment advisory as well as research, estate planning, asset allocation, valuation, financing, special assets services, transaction advisory and commercial property acquisition and disposition services.

Comments (2)

By AZ Advisory Team, January 11, 2010 4:02 pm

The troubled US commercial real estate sector has been attracting a new wave of capital from sources including US private equity firms, foreign banks and foreign investors. Although the current situation is good for opportunistic investors,  their bottom-feeding strategies can be disrupted by rising interest rates.

Nonetheless, the growing interest from investors and the deals coming out of it will bring liquidity to the market which would help the commercial real estate sector, the affected banks and the US economic recovery.

Alex Zylberglait provides commercial real estate investment advisory as well as research, estate planning, asset allocation, valuation, financing, special assets services, transaction advisory and commercial property acquisition and disposition services.

Comments (1)

By AZ Advisory Team, January 5, 2010 4:27 pm

We think that troubles in commercial real estate will not be that bad to bring down the economy.

Other analysts said last year that pending commercial-property bankruptcies could push the country back into recession – wreaking damage on the financial system equivalent to the subprime residential mortgage losses. We disagree to this because the  value of outstanding commercial mortgages is only a fraction of the value of outstanding residential mortgages.

Nonetheless, more losses will come over the next couple of months or years for commercial property owners and their lenders. The amount of loss and regained investments would depend on how owners, investors and lenders hold or sell their commercial properties and then make strategic acquisitions that is more aligned to their objectives, core and operational competencies as well as a good build-up timing for the coming upturn.

Commercial real estate’s decline in value is already slowing this year and we should expect it to bottom and turn around by the half of 2010.

Alex Zylberglait provides commercial real estate investment advisory as well as research, estate planning, asset allocation, valuation, financing, special assets services, transaction advisory and commercial property acquisition and disposition services.

Comments (1)

By AZ Advisory Team, December 11, 2009 1:17 pm

Commercial Real Estate Investment: The latest results of the Moody’s REAL Commercial Property Index continue to indicate that our country’s commercial real estate markets are definitely experiencing a tremendous downturn, with prices plummeting at a whopping 42.70% since the peak set in October 2007.

Alex Zylberglait provides commercial real estate investment advisory as well as research, estate planning, asset allocation, valuation, financing, special assets services, transaction advisory and commercial property acquisition and disposition services.

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By AZ Advisory Team, December 10, 2009 7:48 pm

The 2010 Emerging Trends in Real Estate, released by PricewaterhouseCoopers and the Urban Land Institute, forecasts that commercial real estate values will bottom in 2010 and that values will decline an average of 40 percent from their peak in 2007. The survey called this fall the worst commercial decline since the Great Depression and said it would overshadow the 1990s savings-and-loan crisis.

This is a great opportunity for cash investors to go for quality assets and realize returns as the economy bounces back.

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By Alex Zylberglait, December 7, 2009 4:17 pm

Got news today that a real estate giant in Qatar, called Barwa is exploring investment opportunities in US commercial real estate and is encouraging other investors to join him as he made a presentation at a one-day business seminar “Entering the US Market“.

Barwa Real Estate Company deputy chief executive officer and Group Strategy & Investment executive director Mohamed Abdul Aziz al-Saad said in a report that the company’s investment exploration will be focused on commercial properties.

The company with over QR25bn (USD6.8bn) in assets value, has previously invested in Sudan, UAE, Bahrain, Egypt, Switzerland, France, Turkey, among other countries, as part of its international portfolio.

“It’s not going to be centered on coastal areas in the US only…” al-Saad added.

More and more foreigners are seeing opportunities opening up for commercial real estate investments. Howabout you, what do you see? From wherever part of the globe you are, opportunities are opening up here in the U.S for foreign investors. Contact me for a free consultation.

Alex Zylberglait provides commercial real estate investment advisory as well as research, estate planning, asset allocation, valuation, financing, special assets services, transaction advisory and commercial property acquisition and disposition services.