Florida Commercial Investment Services

“A PARTNERSHIP – EVERY STEP OF THE WAY”

Our Ciminelli Team wants to create a partnership with you. The relationship should not stop at the closing of a purchase – we want to be there with you every step of the way to help you achieve your investment goals.

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Guiding our Investment Partners

THROUGH THE ENTIRE REAL ESTATE CYCLE

Sourcing of Acquisition Opportunities

We maintain a highly skilled and licensed marketing staff. From creating high quality marketing materials to handling postings and mailers, the support from the marketing team enables our leasing agents to be fully dedicated to leasing your property.

Ciminelli’s qualifications:

  • Extensive market knowledge
  • Established relationships with active investment sales brokers
  • Bank and special servicer clients

Underwriting

We utilize our comprehensive knowledge of the market alongside our state of the art software to underwrite your prospective investment.

Ciminelli’s qualifications:

  • First hand in depth knowledge of market dynamics
  • Proficiency in Argus discounted cash flow analysis

Due Diligence Assistance

Our team of real estate experts will assist with all steps of the due diligence process.

Ciminelli’s qualifications:

  • Highly skilled and detailed lease abstraction practices
  • Proficient at assessing and benchmarking vendor contracts/operating costs
  • Ability to tap vendor relationships for quick and cost effective reports (PCA, Phase I) and cost estimates (parking lots, roofs, HVAC, etc.)

Operations

Our accredited team will run the day-to-day operations & management of the asset, initiating value enhancing methods from day one.

Ciminelli’s qualifications:

  • $750M+ Management/Leasing portfolio in Florida
  • Comprehensive accounting and work order management systems

Disposition

Once our team gets you where you want to be with your investment, we will take on the disposition of your asset and ensure you maximize on your return.

Ciminelli’s qualifications:

  • Recognized with multiple awards including the William Dorsey Service Provider Award, Toby Award (BOMA), multiple Pinnacle Awards (FGCAR) and Office Deal of the Year (NAIOP)
  • Repeat clients include Starwood Capital, CW Capital & Crow Financial Holdings

Learn More About the Process

Successful Partnership
with Creative Repositioning

South Tampa Medical Center
508 S Habana Avenue, Tampa, FL 33609

Property: 60,000 sq ft, Class A, medical office building located in Tampa, FL
Objective: Overcome competition from condominium construction and rebuild property value

Actions

  • Maximize the building’s potential by capitalizing on leasing and sale opportunities through condominium conversion
  • Aggressive sale and lease initiatives targeting the medical community
  • Thorough review of operations to identify key areas of costs savings

Challenges

  • 40% of tenant base vacating
  • Increased vacancy resulting in negative cash flow
  • Increased competition from adjacent new medical office development

Results

  • 30+% premium over purchase price as a result of the condominium conversion
  • 12% decrease of 1st year annual operating expenses
  • Building awarded the TOBY award by BOMA as a result of Ciminelli’s management team
  • Stabilized property to 100% occupancy

Why wait? Contact Us.

An investment isn’t just measured by the value of the asset; it’s measured by success of the team that handles it through the entire real estate cycle. Let us be that team – a partnership every step of the way

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