The Buddy Sauter Commercial Real Estate Blog
http://blog.buddysauter.com
The Buddy Sauter Commercial Real Estate Blog

Planet Money

Perhaps you are already familiar with Planet Money, the podcast. They have very informative, short talks about money and the economy. Here is a link to one of their podcasts. I selected this one because it talks about lobbyists, Washington, and Realtors.


Posted by Buddy Sauter and Associates at 3/1/2012 1:14 PM | Add Comment

The Prevailing Trend in Pinellas and Hillsborough Counties

Every day I talk to five or ten small business people about the state of their business and the value of their real estate and I have seen a few noticeable trends.

  • Small business owners are more bullish about their economy (as opposed to the national or world economy). They generally seem to think that their situation is improving and will continue to improve over the next year. Many are talking about adding an employee or two.
  • We are selling and leasing properties to business owners who are looking for more space for their improved outlook. Contrast this to two years ago when business owners were only changing properties as a downsizing effort.
  • Financing is now readily available for small businesses to buy commercial real estate at very low interest rates. We closed two transactions in December at interest rates of 3.74% (BB&T) and 4.00% (Chase).
  • Half of our deals last year were SBA where the buyer's put down 10%. By making this financing available and assisting buyers we were able to move a lot of property that would otherwise not have sold.
  • Sales prices and lease rates remain lower and their is no significant trend suggesting any strong increases in the near term or medium term.
  • Transactions are much more difficult to close now than in years past. The title companies and survey companies are much more diligent now and we often have to clean up title issues from previous transaction (especially if the previous transaction occurred in the boom years).
  • The cities and counties are much better to work with now than a few years ago. Now they need the tax revenue that small businesses bring and are actively recruiting small businesses to come her. Contrast this to a few years ago when many of the local cities sent a clear message (perhaps inadvertantly) that they did not want your small business in their borders.

Posted by Buddy Sauter and Associates at 3/1/2012 10:22 AM | Add Comment

Sale of JFK Supply Property Holdings in Joe's Creek

For JFK Supply we sold three properties that are all located next to one another, a total of 47,800 square feet of Industrial space. To get the best price for our client we sold the three parcels separately to three different end users. One buyer paid cash and the other two were financed. 

The properties are as follows:
  1. 2855 44th Ave N - 7800 SF
  2. 2900 44th Ave N - 28,000 SF
  3. 4500 28th Street N - 12,000 SF
Property 1, 2855 44th Ave N, was sold to a gentleman who is using it only for warehouse space.

Property 2, 4500 28th St N, was sold to Masthead Sailing Enterprises in November. We closed on this property in December and they are busily converting the property to their use. Visit them at www.mastheadsailinggear.com

Property 3, 2900 44th Ave N was sold to MESH. They specialize in the design and build of high end Millwork and interior finishes for restaurants, retail spaces, and high end residences. Learn more about them at www.meshshowroom.com







Posted by Buddy Sauter and Associates at 3/1/2012 10:07 AM | Add Comment

Video Tour - 5730 15th Ave S, Gulfport, Florida

This is a nice new listing we recently added. Please take the video tour.


Posted by Buddy Sauter and Associates at 8/12/2011 4:27 PM | Add Comment

2524 30th Ave N in St. Petersburg

We have a hell of a deal on a 10,000 SF commercial/ Industrial building in St. Petersburg. The price is $349,900. These types of buildings are currently selling at $40/SF. We are offering this one at $35/SF. The owners are very serious about selling.



More information is available at www.buddysauter.com


Posted by Buddy Sauter and Associates at 7/19/2011 9:55 PM | Add Comment

Recent Press Release regarding Sale of Cardiac Monitoring Centers

Delaware Physicians Group to Acquire Cardiac Monitoring Center Shares
A group of Delaware physicians, led by Dr. Allen Davis and Dr. Joseph Pennington, today announced the acquisition of a controlling interest in Cardiac Monitoring Center (CMC), a St. Petersburg based pacemaker and defibrillator monitoring clinic.


The company has a strong presence in the west coast of Florida, the mid-west and mid-south states.  The synergies of the venture will create the opportunity for CMC to expand into the mid-Atlantic pacemaker / ICD monitoring services market.


Current Management and Staff will continue providing the excellent care and outstanding service which they are known for in the medical community.
The company was founded in 1987 and is a St. Petersburg, Florida based Independent Diagnostic Testing Facility.  They provide comprehensive “in home” monitoring for patients with all manufacturers of implanted defibrillators and pacemakers.  One of their notable strengths is that their technicians maintain personal relationships with the patients and go the “extra mile” to provide an extraordinary service to the patients.


Over the years CMC has monitored and assisted in the care of over 20,000 device patients and have grown to monitor patients for cardiologists and physicians throughout the United States.


The transition to the new owners is planned to occur over the coming months.  
Terms of the share purchase were not disclosed.

This transaction was facilitated by Buddy Sauter & Associates.

Posted by Buddy Sauter and Associates at 7/19/2011 9:46 PM | Add Comment

The Economic Situation - June 2011

The most recent Economic Situation Report from Bruce Yandle of Clemson University is available here:

Posted by Buddy Sauter and Associates at 5/31/2011 8:05 AM | Add Comment

Review of America's Finances - USA, Inc.

My cousin is Texas is a Stock broker and sent this email to me. It is a little long, but very informative.

"Attached is a very interesting, informative and unbiased report of America's finances seen through an analyst's perspective. The report looks at the United State's Cash Flow, Balance Sheet and Income Statement as if it were a corporation. It's an interesting starting point for rational discussion and understanding of America's budget problems."

About USA, Inc.
Posted by Buddy Sauter and Associates at 4/20/2011 6:28 AM | Add Comment

The Economic Situation by Economist Bruce Yandle (Clemson University)

The Economic Report for March 2011 is available here.

As usual, it is a good read, written in plain English.
Posted by Buddy Sauter and Associates at 4/20/2011 6:16 AM | Add Comment

To understand the U.S. federal budget, divide by 100,000,000

...from the Blog of Philip Greenspun

News accounts on the latest federal budget deal gave the numbers in a vacuum, e.g., “The deal cuts $38 billion from last year’s budget. It’s being called the largest domestic spending cut in U.S. history”. How can an individual voter make sense of quantities that are ordinarily written in scientific notation? I think the easiest way is to divide everything by 100,000,000 (10^8).

Let’s start with federal spending. The FY 2011 federal budget is approximately $3.82 trillion (3.82×10^12). Of that, approximately $2.17 trillion will be paid for by taxes collected and the remaining $1.65 trillion will be borrowed from our grandchildren. If we divide everything by 100 million, the numbers begin to make more sense.

We have a family that is spending $38,200 per year. The family’s income is $21,700 per year. The family adds $16,500 in credit card debt every year in order to pay its bills. After a long and difficult debate among family members, keeping in mind that it was not going to be possible to borrow $16,500 every year forever, the parents and children agreed that a $380/year premium cable subscription could be terminated. So now the family will have to borrow only $16,120 per year.

Posted by Buddy Sauter and Associates at 4/20/2011 6:10 AM | Add Comment
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