Wednesday, December 19, 2012

Company Logo With Front-Lit LED Channel Letters

New Signage at the Miller Heights Shopping Center
New LED channel letter tenant signage is currently being installed at the Miller Heights Shopping Center, located at 9375 SW 56th Street, Miami, Florida 33165.  In addition to the tenants receiving LED reverse channel letter signage for each of their retail storefronts, the logo of the shopping center's property management company was also installed.
Green and blue logo with front-lit LED channel letters

As shown within the attached photo, Sharpe Properties hired the services of Art Sign Company to install its S-shaped logo along the East Tower of the retail shopping center.  The company logo signage is an LED front-lit channel letter sign in both green and blue.

At night, the top portions for each of the two towers at the Miller Heights Shopping Center (just below the green metal roofs) will have blue LED lights that will cover the entire wall area, on all three visible sides of the tower. To prevent the Sharpe Properties logo from blocking the spectrum of the blue LED lights, the logo sign was spaced out several inches from the wall.  By doing so, the blue LED lights will be able to run from the bottom all the up to the top of the tower (under the green metal roof) without the intensity of the blue LED being diminished.

Optical Illusion
Although Sharpe Properties hired the sign company to install the S-shaped logo, there is no actual sign made that is in the shape of a "S".  Rather, the actual "S" for Sharpe Properties runs in between both the blue and green channel letter signs.  These optical illusion effect is intended to create attention and conversation from the people that drive along Miller Road and visit the Miller Heights Shopping Center.

About the Property Management Company
To learn more about Sharpe Properties, and how they handle commercial property management for all retail and industrial warehouse properties throughout Miami-Dade and Broward County, please visit www.sharpeproperties.com

About the Miller Heights Shopping Center
The Miller Heights Shopping Center is a neighborhood retail shopping center along busy Miller Drive (a/k/a Miller Road) in Miami, Florida.  The shopping center is almost finished with a multi-million dollar renovation project which involved major upgrades to the building's roof, storefront facade, and parking lot.  As a result of these renovations, the shopping center is upgrading its tenant-mix by attracting national retail tenants.  For more information about the Miller Heights Shopping Center, please visit www.sharpeproperties.com/millerheights

Thursday, December 6, 2012

5 Steps to Securing a Mortgage For Rental Properties

Becoming a real estate investor makes it possible for you to benefit from semi-passive income coming in on a regular basis. While real estate investment can be pretty lucrative if done correctly, there are some hurdles that you'll have to overcome before you can get involved.

One of the most difficult parts of the process is coming up with the money to buy a rental property. Most people who do it use a mortgage, but qualifying for a loan isn't that simple.

Here are a few tips with CB Online to keep in mind when you want to be able to secure a mortgage for a rental property.

Get Some Cash Reserves
One of most important parts of this process is to accumulate some cash reserves. This means that you need to have some money sitting in a bank account or investment account somewhere for the lender to look at. When you are a rental property owner, things will come up unexpectedly. For example, the toilet may overflow and ruin the flooring in your unit. You might have to replace appliances or do one of a million different repairs. The lender will also want to know that you have enough money sitting around in a bank account that you could afford to make your mortgage payment for a few months if you lost your income. Things change and nothing is for certain with employment. Every lender is different when it comes to determining how much money you will need in cash reserves. As a general rule, just try to get as much as possible before you apply for the loan.

Boost Your Credit
When you apply for an investment property mortgage, the lender is going to want to see that your credit is good. You need a high credit score in order to get approved. You can get copies of your credit reports from all three of the major credit bureaus, Equifax, Experian, and TransUnion. Ideally, you should shoot for a credit score in the high 700's. If your credit score is not in that range now, consider paying down some of your debt accounts. Get in the habit of making payments on a regular basis to all of your creditors. You may also want to fix any errors that you find on any of your credit reports. It will be to your advantage to start working on your credit a few months before you try to apply for any loans.

Have a Down Payment
When applying for a rental property mortgage, the lender is going to expect you to have something for a down payment. The amount of money that you have to use as a down payment will vary from one program to the other. In most cases, you need to have at least 20 percent of the purchase price of the property to put down. This can be a big hurdle for many people to overcome, especially when you have to have cash reserves on top of that. Getting into the rental property game takes a big chunk of cash on the front end, but mortgages can help you minimize your own risk by using other people's money.

Work Situation
The lender is also going to want to see that you have a stable source of income. Typically, this means that you have some kind of a steady job that pays you regularly. They'll ask for copies of your W-2 forms so that you can prove that you make a certain amount of income. Regardless of whether you are self-employed or work for someone else, the bank will typically want to see at least two years of steady employment before you can get approved. If you don't have a stable work situation, it can be very difficult to get approved for any loans.

Shop Around
When you are looking for a rental property mortgage, you probably will need to shop around with multiple lenders before you make your decision. In some cases, you may be turned down by one lender because you don't meet their lending criteria. In others, you might be able to get approved because they have a different program that they use for investors. Some banks are better than others when it comes to working with investors. Search online as well as in your local market to find a lender that is willing to work with you.

If you'll keep these tips in mind, you should be able to improve your chances of getting approved for a rental property mortgage.


Guest Blog Article By:

Andy Boyd
Andrew writes about managing money and personal finances for various multinational companies. He is also a keen follower of technology

Monday, November 26, 2012

Sharpe Properties Signs Dollar General to Long-Term Lease in Miami, Florida

Sharpe Properties is pleased to announce that Dollar General has signed a new 10-year, 8,600 square-foot lease at its Miller Heights Shopping Center, located in Miami, Florida.

The Miller Heights Shopping Center, located at 9375 SW 56th Street, Miami, Florida 33165 (Miller Drive and 94th Avenue) is nearing the final stages of a major facade renovation project, in which significant improvements were made to the shopping center's storefront display windows, electrical, roofing, HVAC, and overall look and appeal.

Dollar General logo
Dollar General, is the nation's largest small-box discount retailer, making shopping for every day needs simpler and hassle free.  Dollar General stores offer customers top-quality brands made by America's most-trusted companies, including Proctor-Gamble, Kimberly Clark, Unilever, Kellogg's, General Mills and Nabisco.

Miller Heights Shopping Center"The large-scale renovation project was intended to improve the retail center's tenant-mix, and attract national anchor tenants such as Dollar General", said Mason Sharpe, vice president and general counsel for Sharpe Properties.  "With dense residential neighborhoods surrounding the Miller Heights Shopping Center, an ever-growing customer base should benefit both Dollar General and the local Miami-Dade community."

The Miller Heights Shopping Center, a 22,762-square-foot retail shopping center, is the first shopping center on the north side of the street heading west-bound from the Palmetto Expressway's Miller Road Exit.  With a four-way traffic light and turn lanes in front of the shopping center, customers are able to easily access the shopping center while traveling either east-bound or west-bound.

For more information and leasing opportunities at the Miller Heights Shopping Center or at any of the other retail and industrial warehouse properties within Sharpe Properties South Florida portfolio, contact Mason Sharpe at 305.693.3500 or mason@sharpeproperties.com

About Sharpe Properties

Founded in 1960, Sharpe Properties is a privately held real estate company in South Florida, providing property management and leasing services for commercial properties.  Its portfolio of  commercial real estate, consisting of retail and industrial warehouse properties covers both Miami-Dade and Broward County.

Sharpe Properties is centrally located in Hialeah, Florida.  For more information, visit www.sharpeproperties.com

Wednesday, November 21, 2012

Happy Thanksgiving from Sharpe Properties

Happy Thanksgiving from all of us at Sharpe Properties

                To view retail and industrial warehouse locations
                 in Miami-Dade and Broward County

                     Call (305) 693-3500

                     or visit us at
                  www.sharpeproperties.com


Wednesday, October 31, 2012

After Hurricane Sandy: Difference between RCV and ACV Insurance

RCV vs. ACV Property Insurance

If and when it's time to file an insurance claim for property damage as a result of Hurricane Sandy, or any other type of casualty, it is important to know whether you obtained Replacement Cost Value ("RCV") or Actual Cash Value ("ACV") from your insurance carrier.

What Is The Difference Between RCV and ACV?

The short answer to the question is...depreciation.  The best way to explain the difference is by giving the following example:

Hypothetical Assumptions:
- You paid $10,000 for a roof that was supposed to last ten (10) years ("Estimated Useful Life")
- Throughout the Estimated Useful Life of the roof, the estimated value of the roof decreases as follows:

Year 1: $10,000
Year 2: $9,000
Year 3: $8,000
Year 4: $7,000
Year 5: $6,000
Year 6: $5,000
Year 7: $4,000
Year 8: $3,000
Year 9: $2,000
Year 10+: $1,000

The "What If":
Using the above hypothetical assumptions, if Hurricane Sandy or any other casualty damaged your roof, the Replacement Cost Value (RCV) and Actual Cash Value (ACV) would result in the following depending on the time it happened within the estimated useful life of the roof...

Year Depreciated
of Roof     RCV - Value = ACV
Year 1 $10,000 $0 $10,000
Year 2 $10,000 $1,000 $9,000
Year 3 $10,000 $2,000 $8,000
Year 4 $10,000 $3,000 $7,000
Year 5 $10,000 $4,000 $6,000
Year 6 $10,000 $5,000 $5,000
Year 7 $10,000 $6,000 $4,000
Year 8 $10,000 $7,000 $3,000
Year 9 $10,000 $8,000 $2,000
Year 10 $10,000 $9,000 $1,000


Problems with Actual Cost Value (ACV)

Using the hypothetical above, if your roof was 8 years old at the time Hurricane Sandy damaged your property, the insurance company would only pay the $3,000 ACV amount towards replacing your roof.

To make matters worse, when it comes time to find a roofer to repair or replace your roof, the cost for a new roof will most likely exceed $10,000 due to limited supply of roofing materials, and increased demand.  While you may have thought you were protected by obtaining sufficient insurance for a $10,000 roof, by only receiving the Actual Cash Value, less any insurance deductible and other expenses, you may find yourself significantly under-insured.



Benefits of Replacement Cost Value (RCV)

Although the above hypothetical assumes the cost of a new roof is $10,000, the costs for replacing roofs, appliances, equipment, etc. can rapidly inflate as a result of the increased demand and limited supply of the needed items.  By having Replacement Cost Value, the insurance company needs to determine the cost to replace the roof at the time the insurance claim is made (i.e., post Hurricane Sandy).  Thus, even if it is well documented that you paid $10,000 for the original roof, if a new roof post Hurricane Sandy costs $13,000, then the true RCV should be $13,000.


Don't Get Tricked Into Renting a Haunted House


     HAPPY HALLOWEEN
   from all of us at

Sharpe Properties

Come visit www.sharpeproperties.com to see photos and learn more about our properties before you get tricked into renting someone else's haunted property.
Sharpe Properties
1060 East 33rd Street
Hialeah, Florida 33013
Phone: (305) 693-3500
Email:
 info@sharpeproperties.com

Wednesday, October 24, 2012

Energy Efficient Roofing System Makeover

Roofing Systems Do Not Last Forever
The roof at the Miller Heights Shopping Center lived a very long life, and weathered several hurricanes and fire damage throughout its usefulness. Although the life of a commercial-grade roof typically exceeds those of residential roofs, the estimated life expectancy of the roof at the Miller Heights Shopping Center was quickly coming to its end.

In early 2012, Sharpe Properties, as the property management company, decided it was time to give the Miller Heights Shopping Center a major makeover, which included a roof replacement and significant upgrades and changes to the building's facade and parking lot.

Your Roof Will Love You Back
shopping center shows its love of a new roof
Heart-shaped tar paper appears along the
rear side of the shopping center's mansard
To startup the makeover process, the shopping center ripped off the old roofing system, including a significant amount of the decking.  Once the new roofing system was in place, tar paper was installed throughout the flat roof as well as the back part of the building's mansard.  As you can see from the photo shown, the tar paper running along the real portion of the building's mansard mysteriously developed a lovely heart for all to see.

Regardless of whether the heart appeared naturally or not, many are loving the new roof.  Each tenant at the shopping center no longer has to worry about or deal with roof leaks.  Sharpe Properties, as the retail center's property management company, no longer has to fear the rainy season.

Additional Benefits of Upgrading Commercial Roofs
The costs involved with replacing a commercial roofing system can be expensive, giving the local economy and construction industry a much needed boost.  However, over the long-run, it will also lower utility bills at the shopping center.  During the process of removing the old roof, and installing a new and improved commercial-grade roofing system, significant amounts of insulation were added underneath the roofing system.  With the extra amount of insulation added to the commercial property, each of the tenants' air conditioning units will become more energy efficient.  Consequently, during the long hot Summer season in South Florida, many of the tenants will experience reductions in their electric bills. 

Tuesday, October 16, 2012

Amendment 4: Real estate tax reform, but at what cost?

Amendment 4: Real estate tax reform, but at what cost?

Daily Business Review
October 16, 2012
Barry Sharpe
Barry Sharpe

Barry Sharpe
Barry Sharpe
Barry Sharpe, a commercial property owner as well as a tax appeal agent, would be impacted in multiple ways if Florida voters approved tax reform measure Amendment 4.
Sharpe could see his business of representing property owners disputing their tax bill take a hit. Many clients likely would see their taxes decline without his help.
He also worries the measure would counter reasons for property owners like him to upgrade their assets, despite a potential tax savings from a lower limit on assessment increases.
"The whole intent of the amendment is for people to have houses," Sharpe said. "I think [the Legislature] made a mistake doing this cap for commercial properties. ... Doing improvements triggers a new assessment and a new tax you have to pay."
If the amendment passes with the required 60 percent vote, the current 10 percent cap on tax assessments for non-homesteaded properties would be slashed to 5 percent starting on Jan. 1.
Also, first-time home buyers would be eligible for an additional homestead exemption that would expire after five years.
A third element, dubbed by some the "recapture" provision, would give the Florida Legislature the authority to pass a law preventing assessment increases for certain properties if the market value (also called just value) declines in a given year.
Early voting begins on Oct. 27.

Plenty of Attention

Of the 12 proposed constitutional amendments on the Nov. 6 ballot, Amendment 4 is getting the most attention for its potential impact on the state's real estate market and damage on municipal government revenues.
During a "webinar" presentation last week explaining its opposition to the amendment, the Florida League of Cities cited an estimate from the state's Office of Economic and Demographic Research that non-school taxing authorities would lose $1.7 billion in tax revenue over the next four years if Amendment 4 passes.
Proponents like real estate industry trade group Florida Realtors have raised millions of dollars in support of the amendment. They say the measure would provide several much-needed fixes to Florida's flawed property tax system.
The 1992 passage of the Save Our Homes Act put a 3 percent cap on assessment increases for homesteaded properties. Proponents of Amendment 4 say Save Our Homes was the precursor to problems homeowners had during the real estate boom. Property values were soaring, but many owners could not cash in because the Save Our Homes' tax savings could not be transferred to another property at the time.
"People were feeling like they were locked in their homes," according to Florida Realtors lobbyist Trey Price.
That issue was addressed four years ago with the passage of Amendment 1. That amendment included a "portability" component that allowed homeowners to transfer their tax benefit to new primary residences.
In addition to the portability component, Amendment 1 created the 10 percent cap for non-homesteaded properties.
"A huge amount of the taxable burden in Florida shifted to non-homesteaded property" during the boom, Price said.
"We believe this is significant reform or we wouldn't push it."
Amendment 4 opponents like the League of Cities agree the state needs extensive tax reform, but say Amendment 4 "exacerbates the inequities" within the existing system.
"Save Our Homes was a noble tax policy, as you don't want to tax people out of their homes," said League of Cities lobbyist Amber Hughes during last week's webinar. But Save Our Homes had "unintended consequences" and Amendment 4 would have its own adverse impact, she said.

User-Friendly

Amendment 4 includes "a couple of things that are user-friendly," according to investor and tax appeal agent Sharpe.
The Legislature would be able to ease the burdensome spread between a property's assessed and true market value, he said.
"When values go down, the county can still increase assessments to play catch-up," Sharpe said. "This will fix that."
The additional homestead exemption for first-time buyers "will probably help Realtors and brokers" by spurring sales and potentially creating more jobs in the industry, Sharpe added.
The value of the additional exemption is equivalent to 50 percent of the property's market value at the beginning of the year the exemption is obtained. It can't exceed the median market value in the county where the property is located.
That provision is a critical change from Amendment 1, Price said.
Under Save Our Homes and Amendment 1, first-time buyers "get a raw deal," Price said. The additional homestead exemption in Amendment 4 would help correct that.
For a young couple starting a family, an additional exemption for an initial home purchase "makes a huge difference," according to longtime government affairs attorney Jorge Luis Lopez of Coral Gables.
"If we were debating this during a period where real estate was booming, we would knock our heads and ask why this is necessary," he said. "This could help stimulate additional transactions" during the current cycle, however.

Potential Pitfall

The reduction of the 10 percent assessment cap on non-homesteaded properties to 5 percent presents the biggest potential pitfall, Sharpe said.
By including the cap reduction in the amendment, state lawmakers might have unwittingly given commercial property owners like Sharpe less incentive to make renovations and tenant improvements, he said.
Commercial property owners would not want to trigger more expensive assessments that would offset any savings incurred from the 5 percent cap.
Sharpe is currently spending $1 million to extensively renovate a shopping center he owns on Miller Road and Southwest 93rd Avenue in Miami-Dade. He said he would have not have undertaken the upgrades if Amendment 4 had been in effect before the renovations were under way.
Hughes agreed during the webinar the cap reduction is the "most problematic" component of Amendment 4. The 10 percent cap is scheduled to expire in 2018. If the proposed amendment passes, the 5 percent cap would run until 2023.
It would "hurt businesses," she said.
"The idea that you can have the baker who has been there for 10 years and a new baker comes in and automatically has higher taxes is not the message we want to send to business here," Hughes said. "It's not just new businesses; expanding businesses are impacted. If someone wants to add 33 employees and move to a new facility, it might not be financially feasible to move to a larger location."
Sharpe said an important downside that has been overlooked is that municipalities would likely significantly raise millage — or tax — rates to make up for revenue shortfalls incurred from Amendment 4.
Those governments "count on a certain amount of revenue," he said. "If they don't get it from people like me who own shopping centers, who will pay for it?"

Uncertain Outcome

With a 60 percent threshold, Amendment 4 "could go both ways," according to Lopez.
The amendment is part of a lengthy ballot that includes a presidential election, numerous local races and a bevy of other constitutional amendments. Voter "fatigue" could be a major issue, Lopez said. Amendment 4 is outlined on the ballot in five paragraphs. The paragraph on the additional homestead exemption for first-time buyers alone is more than 200 words long.
From a strategic standpoint, covering so much ground in one amendment makes sense, Lopez said. Proponents can build up support among both commercial and residential property owners.
But "the counter historically has been when amendments sort of become Christmas trees," Lopez said. "If too many things are on it, that weighs it down."
Sharpe believes Amendment 4 has a "90 percent" chance of passing.
"Most people don't own commercial property," he said. "Most people will vote as a residential property owner. If I were them, I wouldn't vote against it, either."

Other Amendments

Other real estate related constitutional amendments on the Nov. 6 ballot:
• Amendment 2, which expands an additional homestead exemption for disabled veterans to include those who were not Florida residents when they began their service.
• Amendment 9, which gives an additional homestead exemption to the surviving spouse of a military veteran or first responder.
• Amendment 11, which grants an additional exemption to owners who are 65 or older if their primary property has a just value below $250,000 and they have resided on the property for at least 25 years.

Thursday, September 27, 2012

Retail Space Available in Renovated Shopping Center

Sharpe PropertiesSearch for Commercial Property
OPPORTUNITY TO LEASE SPACE IN MIAMI-DADE BEFORE MAJOR RENOVATIONS ARE COMPLETED
AT THE MILLER HEIGHTS SHOPPING CENTER
Miller Heights Shopping Center - panoramic view
miller heights shopping center site plan

West Tower end-cap space available

East Tower end-cap space available

For More Information
and Photos...


Management Office (305) 693-3500

Location:

 9375 SW 56 Street
   Miami, FL 33165

 Miller Drive
  & 94th Avenue

 1st Retail Center 
heading West on
Palmetto Expressway     

 Traffic Light with 
Left-Turn Lane for 
East-bound traffic
Renovation Project:

 Building Facade

 Parking Lot

 Landscaping


Features:

 Large Elevated
  Tenant Signage

 Impact Glass  
  Storefront Windows

 Brand New 
   Insulated Roof

 Large 50ft Towers


Shadow Anchor

 Publix
 Walgreen's
 McDonalds


Thursday, July 19, 2012

Facade Renovation Update: Miller Heights Shopping Center

Major Facade Renovation at the Miller Heights Shopping Center
Early February, 2012, Sharpe Properties commenced significant facade renovations to the Miller Heights Shopping Center, located at 9375 SW 56th Street (Miller Drive), Miami, Florida 33165.  This was the first major facade renovation construction project to the South Florida shopping center since it was built in 1965.

Here is a picture of the retail shopping center before the facade renovation construction project started:

retail shopping center
Pre-renovation picture taken November, 2011
Facade Upgrades and Improvements
The upgrades and improvements to the shopping center's facade consisting of many things such as:

  • Elevated storefront signage area for tenants
  • Upgraded hurricane-impact storefront windows
  • Addition of two large towers for added signage and visibility
  • Reverse channel-letter signage
  • Brand new heavily insulated roof system
  • Upgraded electrical and plumbing

Current Status of Renovation Project
With the help of BRV Construction and Azze Architecture, Sharpe Properties is nearing the final stages of the Miller Heights Shopping Center's facade renovation construction project.

facade renovation to retail shopping center
picture of shopping center taken July 18, 2012
As illustrated within the picture above, the entire facade has been elevated, the two large tower structures have been built, and they have just started to paint the building.  Once the painting is finished, the tops of the towers will be installed, and a patina green colored metal roof will be placed throughout the facade and on top of the towers.

Second Phase: Landscape and Parking Lot Renovations
Now that construction on the facade renovations are almost finished, the shopping center is about to start construction on their second phase of the renovation project...landscape and parking lot renovations.

The parking lot renovations at the Miller Heights Shopping Center will include:

  • Addition of more parking spaces
  • Angle parking with now be straight head-in parking
  • Traffic will flow from both directions
  • Addition of lighting throughout parking lot and building
  • Lush landscaping throughout the property

Tenant Mix
Sharpe Properties is looking to upgrade its tenant-mix and quality of tenants at their South Florida retail shopping center.  While many of their mom-and-pop type tenants are expected remain, Sharpe Properties has already received interest from several national tenants, and expects many others will want to move into their shopping center once renovations to the facade and parking lot are complete.

Locations Available For Lease 
If any tenants (mom-and-pop or national tenants) would like more information on locations within the shopping center to lease now or in the near future, please call the property management office of Sharpe Properties 305-693-3500 or visit us at www.sharpeproperties.com/millerheights 

About Author:

mason sharpe Mason Sharpe is Vice President and General Counsel of Sharpe Properties, a property management company handling commercial real estate located in Miami-Dade and Broward County. Mason is also a Member of the Property Tax Appeal Group, LLC ("P-TAG"), appealing property taxes for owners of properties located in Miami-Dade and Broward County. Outside of attending college at Boston University, Mason was born, raised, and still lives in Miami, Florida.  Follow him @ Twitter | Facebook or send email to mason@sharpeproperties.com

Monday, July 2, 2012

South Florida Real Estate Cycle - Commercial follows Residential

The commercial real estate market in Miami-Dade County has gone through many ups and downs over the past several years.  During the real estate boom years (5 to 10 years ago), not only was the cost of buying commercial real estate rapidly increasing, but the rental rates spiked as well.  All that changed when the real estate market bubble collapsed.

Housing Market Collapse
Housing Market Collapse
Market Collapse
The residential market was the first to feel the effects of the real estate market's spiral downwards.

While the entire country feeling the effects throughout the real estate markets, the State of Florida was one of the most effected.

Within the State of Florida, the South Florida market, which includes Miami-Dade and Broward County, suffered greatly.  Home prices deteriorated fast, and it became very difficult for homeowners to sell their homes...let alone make a profit in doing so.

History Predicted the Commercial Real Estate Market Collapse
History shows that within the real estate cycle, the market conditions for commercial real estate follows those of the residential real estate market. While everyone knew the collapse in the commercial real estate market would come, Experts had varied opinions as to when it would occur, how severe it would be, and how long it would last.

Signs of Recovery in South Florida Commercial Real Estate
The residential real estate market in the South Florida area is recovering.  In fact, reports from Miami-Dade County confirmed that home property values have increased for the first time in many years.  Likewise, history shows that the South Florida commercial real estate market, consisting of retail, office, and industrial warehouse property, will also start to show signs of recovery.

Along with commercial property values strengthening, one would also expect that retail and industrial vacancy rates would decline, and rental rates would slowly rebound upwards.  However, only time will tell

Thursday, June 7, 2012

There's An Easier Way To Find Commercial Property to Lease


goldfish jumping
Search Our Website Before You Leap to a New Location



Click the following links to see available locations to lease throughout South Florida:


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Tuesday, June 5, 2012

Google Transit helps Sharpe Properties

metrorail
Miami-Dade County's Metrorail
Through the use of the internet and GPS devices, it is very easy to obtain driving directions to just about anywhere.  But what about people that are highly dependent on public transportation?  How can they find the best method of getting from Point A to Point B using public transportation.  Fortunately, Google has worked to answer this need by developing Google Transit.

Sharpe Properties manages commercial properties throughout Miami-Dade and Broward Counties (South Florida), consisting of retail shopping centers and industrial warehouses.  While most, if not all of the tenants that lease space through Sharpe Properties have their own private source of transportation, Google Transit can provide a big benefit to a significant other segment of the South Florida population.

Retail Shopping Centers
Before a tenant decides to open up a restaurant, shop, medical, or professional office in one of Sharpe Properties' retail strip centers in either Miami-Dade or Broward County, they typically need to evaluate where their client base is, and whether they will be able to find a way to the shopping center.  While a large group of customers, patrons, and patients drive their own personal vehicles to the shopping centers, a significant customer base requires the use of South Florida's public transportation systems to visit and shop at the shopping centers.

Especially for stores and businesses that cater to the poor, unemployed, or blue-collar workers, finding shopping centers with nearby bus stops and/or metrorail stations is an important factor.  As such, Sharpe Properties is now able to utilize Google Transit to show potential tenants how easy it is for their customer base dependent on public transportation to easily find a way to make it to their store or business.

Industrial Warehouses
For the industrial warehouse locations Sharpe Properties manages in the South Florida area, tenants that operate manufacturing plants, distribution facilities, or other industrial-type operation, the business owner needs to evaluate how their employees can obtain transportation.

Many of Sharpe Properties' industrial warehouse properties are located within the City of Hialeah.  A key reason why many businesses in the wholesale industry prefer to locate in the City of Hialeah, is the abundance of blue collar workers.  However, many of these workers do not have their own source of private transportation.

Realizing the need for public transportation, the City of Hialeah and Miami-Dade County has numerous bus stops throughout the industrial and wholesale business neighborhoods of Hialeah.  Moreover, the City of Hialeah has several Metrorail stations as well as a Tri-rail train station in strategically important and industrially intensive neighborhoods.

Tenants leasing industrial warehouse locations managed by Sharpe Properties in the City of Hialeah are now able to utilize Google Transit to determine if and how their employees can use public transportation to attend work throughout the year.

About Author:
Mason Sharpe
Mason Sharpe, Esq. is General Counsel, and Vice President of property management and leasing with Sharpe Properties, a commercial real estate property management company headquartered in Hialeah, Florida, managing retail and industrial warehouse properties in Miami-Dade and Broward Counties.