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What are you building on the site?

We build individual office buildings in an office park setting. The buildings range from 3,000 square feet to over 5,000 square feet, and can be further subdivided for individual sale or lease. The exteriors of the buildings all have a similar look but the interior is designed to the owner’s specifications.

What are common area charges?

Common area charges are set initially at $1.50 per square foot per year. The Board of Directors of the Association will set the charges after taking over the operation of the park.

Who manages the common area?

The common area is managed by an Association set up for that purpose. Each building owner is a member of the Association. The Association elects a Board of Directors to make decisions and manage the common areas. The Board may also choose to hire a property management company.

Are there any other charges?

The other expenses that you will incur are the general expenses of property ownership, including electricity, insurance, property taxes, Community Development District (CDDs) if applicable, etc.

What other projects have you done?

Mr. Howell has been actively involved in real estate development in the Tampa Bay area since 1980. Our website lists the projects we are currently working on which you can find under the "under construction page" . You can also find Mr. Howell’s resume which shows the principal projects he has developed over the last 30 years , and you will find that on the "About" page.

Do you have recommended lenders for the project?

We always maintain a list of banks and others ready to lend on buildings in our parks. There are many lenders to choose from and we can help you find the lender best suited to your needs.

Can you provide design / architectural help?

We provide architectural and design assistance at no additional cost. We have numerous floor plans that we can show you to give you suggestions and a place to begin in the design process. For our investor customers, we have floor plan options specifically designed for your needs that you can use or modify as you desire.

What if I change my mind?

Your 1st deposit is refundable at any time for any reason up until the time the 2nd deposit is due. Of course, if we have incurred costs in connection with your proposed purchase (architectural and/or design work), those costs will be deducted prior to your refund. By the time your second deposit is due you should have financing secured and be moving towards closing. Both deposits become nonrefundable at this time.

As an investor, how much rent can I expect?

Rental rates vary from property-to-property and depend upon many factors, including how much rental space is otherwise available in the surrounding marketplace. With that in mind, rental rates generally quoted for this type of property are approximately $30.00 per square foot per year, triple net. Triple net means that the tenant is responsible for the expenses of the building in addition to paying the rent. Typically there is a common area charge covering these additional expenses of approximately $5.00 per square foot per year.

Do you handle rentals?

We can handle rentals for our owners , but we also have excellent relationships with local real estate brokers and agents who also provide rental assistance and we would be happy to put you in contact with them. They will be able to answer your questions with regard to rentals at any time and will meet with you before you commit to a purchase if you so desire.

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