Florida Property Taxes Pasco County

March 31st, 2010

florida property taxes pasco county

Net lease properties are popular with passive investors

You see them every day, drive past them, they are regularly and frequently, as consumers, But you can see how rare single-tenant buildings, the Real Estate Investment Outlook for the Tampa Bay area changed.

There is no Doubt that the region has seen some of its dramatic development and population growth in recent years. So, why this area is seen as an increase in to generate the net lease investments, structured individual tenant real estate vehicle for long-term source of revenue for the owner during the transfer of responsibilities of taxes, insurance, maintenance and property to the tenant?

Triple-net leased investments, as they are called, have the investment of Choice for the area, while developers see this type of investor and tenant lease structure as mutually beneficial to their respective business models.

Demographic changes

It is easy to quantify what is happening locally and why these buildings are becoming more common. Bay Area demographics are changing dramatically and thus change the entire infrastructure needs along with them. The influx of people has been dramatic, as rose, companies must their growing demand for retail, office, service and industrial requirements.

The Census Bureau reported a 2005 estimated population of 3.3 million people in the entire Bay Area, up 11 percent over the previous five years. However, Pasco, Hernando and counties demonstrated tremendous growth in this period, growing by 24.5 percent and 21.1 percent.

Breaking down the population growth could appreciate it, that about 220 new people move to the area every day. Retailers and businesses took note of these trends, tangible and began its operations in the region. That requires in the regulation and development of local infrastructure, with buildings and roads.

The single-tenant asset class is becoming more popular, many retailers, because these sites usually bring the economy more important, that they control their own operations and allows them to concentrate on their customer base to keep them in their Shops longer.

Finally, Florida's unemployment rate, at around 3 percent, well below the national average. Therefore, the mere demographic improving the region solidifies the need for enhanced infrastructure and business development.

Simplified Ownership

sign of a real estate perspective, the construction of the structure and a long-term lease with the tenant triple-net are the basic requirements for the company to start its activities in the new growth market. The investors are attracted to these types of investments because they are purchasing a simplified ownership structure able – ie there is only one or a few income focus, and the tenant is responsible for all operations of the building, so that the landlord with the sole task of collecting monthly rent.

Tenants and investors desire both quality locations in high growth areas that can support their concepts. In addition, the acquisition of the tenant's credit allowed for a further calculation investment to buy raw land or a building with a counter- Management-intensive blocks of flats.

In addition, the Bay Area growth has attracted the attention of out-of-state developers and investors. The intrinsic value a property of commercial properties, the demand on the area of population growth and the desire of the basis for an increase in business to develop new Sites in the region.

Price vs back

With the new attention on the region, demand and the desire for net lease assets has increased enormously. Many investors have second homes in the region and are interested in buying assets, they can occasionally to visit without having to make daily decisions about the property.

Compared to other parts of the country, Tampa investment usually offer a slightly higher return than assets along the West Coast. California, the nation's most aggressive real estate market real estate returns that are 100-200 basis Points lower than what Tampa offers many assets.

Even if the traditional local investors consider the current investment rates high and are somewhat low, West Coast investors infiltrating their investment dollars to the region of their long-term yields.

Finally, tax-deferred Exchanges also drive the net lease market as investors sell assets and defer capital gains tax payments by Section 1031 of the Internal Revenue Code that allows them a similar type investment purchase.

So the next time you see your neighborhood pharmacy or coffee shop, there's still much more to that building as the eye.

For more information about the company and its listings can t a found to be www.calkain.com .

Press Contact: David Sobelman, Vice President | (813) 282.6000

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