Scott Fey, CCIM and Victor Gilgan have teamed together as Omni One to find off-market commercial real estate investment properties.
The main difference between a property manager and a leasing agent having the leasing assignment for a commercial property is motivation.
By: Michael H. Folb, Designated Broker
While there are several asset classes within commercial real estate, it is overwhelmingly dominated by income producing properties. To determine value, we consider data on comparable sales and replacement cost, but we mostly look at the income being produced and divide by a capitalization rate (cap rate).
The CCIM Institute was established in 1954 to give commercial real estate practitioners a previously unrealized opportunity to further their business practices through focused education and networking opportunities. Today, with the addition of advanced technology tools, CCIM is the global leader in commercial and investment real estate education and services. A CCIM designee is a recognized expert in the commercial and investment real estate industry and proficient in both theory and practice. Brokers, lending professionals, investment counselors, asset managers, appraisers, corporate real estate executives, developers, institutional investors, commercial leaders, attorneys, bankers and all other allied professionals can all fall under this category having achieved the CCIM designation.
(Phoenix – November 27, 2013) – Omni American is pleased to announce that Principal Scott Fey has completed the sale of The Doyle Building, a 2,100 square feet, single-level, mid-century modern office building designed by award-winning architect Gerald A. Doyle, located in Midtown Phoenix, for $260,000 / $123.81 per square foot
We had fun @ the 9th Annual Central AZ CCIM Golf Tour
Left to Right:
Fritz Beesemyer, Principal at Omni American
Mark McConnell, private investor
Andy Strand, President Western State Bank
Scott Fey, Principal at Omni American
As Reported in Business Real Estate Weekly, March 22, 2013
Gilbert – CubeSmart L.P. in Wayne, Pa. (NYSE:CUBE, Christopher Marr, CEO) paid $6.9 million ($119.63 per foot) to buy a 57,680-square-foot self storage project at 3467 E. Queen Creek Road in Gilbert. The seller was Omni Self Storage of Gilbert LLC in Phoenix (Fritz Beesemyer, Ron Wolfert, Michael Folb, Scott Fey, principals of Omni Ventures, LLC). The 460-space facility was 85 percent occupied at closing. The Gilbert property, which had been operated as Omni Self Storage of Gilbert, will now be part of the CubeSmart chain. The publicly-traded company has more 12,000+ self storage locations across the U.S. The seller developed the Gilbert self storage facility in 2011.