Substantial Value-Add Commercial Real Estate Deals Highlight Top-Performing Year for Harry E. Robbins Associates, Inc.

Date:

Robbins Real Estate matches savvy clients with the right properties in the hot SWFL real estate market.

In 2022, commercial real estate firm Harry E. Robbins Associates, Inc. led the Sarasota-Manatee counties region with 586 transactions, including two high-profile deals that demonstrate the firm's unique capabilities and ability to create value for both local and national clients.

The first transaction is the sale of an industrial warehouse property at 1705 Cattlemen Road, near Interstate 75 on the east side of Sarasota. Troy Robbins, a commercial real estate broker and grandson of founder Harry E. Robbins, spotted the property a year earlier and contacted the longtime owner to inquire about selling to Robbins' client Frank Giuffre. 

"I was doing research and saw that the owner had recently sold another property, but he said he would never sell this one property," Robbins recalled. "I convinced him to have a conversation, and we had a deal in 24 hours."

Robbins and Giuffre worked together to upgrade the 38,000-square-foot property, installing a new facade, new overhead doors, new lighting, replaced landscaping and added parking spaces.

In just 90 days, the improvements allowed Robbins to recruit or retain the 30 tenants at higher rents, nearly tripling the income that the warehouse generates. In turn, the greater income made the property more attractive to investors. Robbins next connected Giuffre with a California investor, who purchased the property in June of 2022 for $5.8 million - nearly double what Giuffre had paid for it just nine months earlier.

"Robbins Real Estate plays a crucial part in the success of my commercial real estate investing," Giuffre said. "Having access to a company that has 50 years of experience is key. Their ability to bring in off-market deals from long-term relationships can't be duplicated."

"That's one of my niches: finding buyers and sellers and putting transactions together, and nobody knows about them until they're done," Robbins said. 

In the second transaction, Robbins assisted with the upgrade and sale of Bradenton Business Park, a 56,000-square-foot commercial office property with 77 tenants just north of Cortez Road in Bradenton.

Troy Robbins worked with the former owner, providing advice on how to improve the property. With that guidance, the property's value climbed 35% in about 18 months when Robbins negotiated its sale to investor Mike Fusek. 

As with the Cattlemen property, Robbins worked with the new owner to add about $500,000 in improvements, which so far has increased the rent income by 65% - which is crucial for a strategic buy-and-hold investor like Fusek. 

Since that transaction, Robbins and Fusek have used the same strategy to complete two more deals together: 4109 Bee Ridge Road in Sarasota, a high-visibility 5,100-square-foot office property with eight tenants, where they have more than doubled the rent income, and 6605 33rd Street East, a 12,000-square-foot building with 20 tenants, where rent income has nearly doubled. 

"I've worked with Robbins on four projects that included finding the right property to buy, acquisition and long-term management," Fusek said. "Robbins has a team approach that best serves the client, and after I acquire a property, I can be hands-off and rely on their team to take care of everything without having to be involved. They're competent, honest, reliable and hard-working, and I trust them."

"With all of our years of experience, we have developed a lot of relationships in the Sarasota-Manatee community, and we have a reputation for selling real estate the right way," Troy Robbins said. "People trust the advice we give."

To learn more about the advantages of working with Harry E. Robbins Associates, Inc. for commercial real estate investment, visit https://www.robbinscommercial.com.

About Harry E. Robbins Associates, Inc.

Founded in 1971 by Harry Robbins, Harry E. Robbins Associates, Inc. is a privately held, family-owned real estate company built on integrity, hard work, and tradition that has retained the same ownership and Sarasota location for over 50 years. The Robbins family of Real Estate agents has formed a reputation of reliability and productivity for themselves within the Southwest Florida community.

Contact Information:
Buse Kayar
[email protected]
Related Images


Original Source: Substantial Value-Add Commercial Real Estate Deals Highlight Top-Performing Year for Harry E. Robbins Associates, Inc.

Share post:

how to submit press releasehow to submit press release

Popular

More like this
Related

Jane Fonda is not looking forward to Barbarella remake

Jane Fonda has zero interest in discussing the...

HealthTech Startup Healistic Raises £1M in Funding and Launches First-of-Its-Kind, UK-Based App to Fuel the ‘Open Healthcare’ Revolution

Healistic is building a first-of-its-kind healthcare super-app, connecting healthcare and insurance providers to end users via dynamic digital solutions. The HealthTech app's first offering provides medicine and personal care product home delivery, from medication and supplements to cosmetics and personal care - all in less than 45 minutes to the patient's doorstep.

Healistic, an innovative HealthTech mobile app and the first pharma-based speedy delivery service in the UK, announced £1M in pre-seed funding from leading international investors today. Powered by the belief that healthcare should be effortless and immediately available to everyone, Healistic is building an all-in-one universal healthcare platform, providing a seamless experience in an asset-light marketplace business model. From a user perspective, the app is already live for iOS and Android and offers thousands of healthcare products (incl. P-Meds and soon prescription medications), delivered conveniently to the customer's doorstep in under 45 minutes - an unparalleled user experience in the UK. No commute to the pharmacy, no queues, no risk of transmission, and no overheard intimate conversations when ordering at the counter.

Healistic has partnered with independent pharmacies across London, enabling them to access a digital channel and customer base they otherwise couldn't reach. Healistic uses riders on eco-friendly bikes to deliver within 45 minutes. Founded by Daniel Bulkin, a London-based serial HealthTech Entrepreneur and ex-Private Equity investor in the Technology & Healthcare space, Healistic aims to address unfulfilled demand as a category leader. From consumer research1, Bulkin found that customers are demanding a healthcare experience that is omni-channel, convenient, and fast, allowing them to understand and control their own healthcare management. 

Healistic is on a mission to become the go-to D2C HealthTech mobile app, offering an end-to-end digital patient home. This will take shape as a scalable marketplace model with SaaS tech solutions to connect pharmacies, insurers, and corporations with end users. The launch of Healistic translates into a £100bn+ market opportunity, with strong digitalisation and growth potential2.

The mobile app has initially launched in London. The plan is to expand into other cities across the UK this year. Healistic will also continue to build on its initial offering, with plans to implement speedy prescription delivery, tele-health consultations with GPs and nutritionists, and insurance claim management, as it moves towards a full-service digital healthcare app.

Daniel Bulkin, CEO of Healistic, said: "This funding round has allowed us to introduce a product to market that will serve the digital patient at a crucial time. Against a backdrop of increased uncertainty within the NHS, including strikes and supply chain issues, Healistic aims to alleviate these pressures by connecting patients to the appropriate healthcare solutions through a trusted, centralised system. We believe that immediate healthcare should be accessible to everyone. Healistic is building a category leader in the 'Open Healthcare' revolution, a parallel to the 'Open Banking' revolution, which began in the last decade." 

Speaking of the funding, Christian Hieronimi, Healistic Investor and serial HealthTech Entrepreneur, added: "The launch of Healistic signals a true step in the direction of a deeply integrated and interconnected digital patient journey. The platform empowers patients to become active managers of their health and creates a comprehensive system to take the treatment, prescription, and therapy process to the next level."

Kevin Heath, Healistic Advisor and ex-Boots Executive Board Director, said, "As a first-mover in the UK healthcare space, Healistic is providing a modern and convenient customer experience while helping partner pharmacies expand their radius and customer reach. Healistic's asset-light model will allow for quick expansion in terms of geography and service offering, which will be highly valuable for consumers and healthcare professionals."   

Ends://

Editor's notes:

High-resolution screenshots, logos and headshots can be found here: https://www.dropbox.com/sh/jwb9if4hbstw52x/AAC-rkNrRddwgQqiE6hReI9Ya?dl=0

1 Source: McKinsey & Company - Pharmacy's new era - in the home

2 Sources: Bain and Company, Grand View Research, Cision, Statista

About Healistic:
Healistic is building the 'open healthcare' revolution - a HealthTech super-app connecting healthcare providers and insurances to end users via dynamic digital solutions. The app offers an accessible, seamless experience, with under 45 minutes delivery, and will soon add virtual consultations with GPs and prescription delivery to its services. Its vision for the future includes health insurance pre-approval, claims management and financing, centralised and accessible patient records, data analytics, tailored recommendations for users, and an ad platform for partners. Healistic is quickly becoming a category leader in the UK, with a strong vision to expand services across the country, and globally after that. To follow the Healistic journey, visit: https://www.healistic.net
 

Media Contact:

UK: Gemma Dodd: [email protected]

Lili Dewrance: [email protected]

US: Melissa Tirey: [email protected]

Contact Information:
Melissa Tirey
[email protected]
+1 646 823 6776

Lili Dewrance
[email protected]

Gemma Dodd
[email protected]
+44 7585 126262


Original Source: HealthTech Startup Healistic Raises £1M in Funding and Launches First-of-Its-Kind, UK-Based App to Fuel the 'Open Healthcare' Revolution

Paramount 2023 Film Schedule

It was a good year for Paramount Pictures in...

Ombudsman’s Office holds First Annual Conference:”Government and Stakeholders – Finding Solutions Together”

Ombudsman’s Office holds First Annual Conference Originally published at https://www.dhs.gov/ombudsmans-office-holds-first-annual-conference