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Real Estate Asset Property Management and Leasing Services for Miami and Miami Beach Commercial Properties.

AG’s principals combine for a unique blend of financial and operational management experience, across all real estate disciplines, and across all asset types. Developers and owners of commercial real estate properties can tap into AG’s expertise at a fraction of the cost of having an equally qualified in-house staff.

We specialize in full service property management and leasing for small real estate investment portfolios owned by private investors, banks, foreign investors and other absentee owners. Our management philosophy is preventive rather than reactive. Problem avoidance rather than constantly putting out fires. Fulfilling the property owners' obligations to the tenants beyond expectations, to enable us to demand the highest rates and make sure that the tenants fulfill their obligations on a timely and consistent basis.
 
Consulting services for developers and owners of commercial real estate properties in Miami/Miami Beach and throughout South Florida can be structured either on a monthly retainer basis, or alternatively, as a well defined goal oriented engagement with a per diem cost agreement.

Miami/Miami Beach Real Estate Property Management and Leasing Services:

 

  • Rent collections and complete lease administration
  • Monitoring of property maintenance contracts
  • Payment of property expenses
  • Coordination of capital improvements
  • Supervision of on-site staff, if any
  • Tenant relations
  • Maintaining or improving high occupancy and rental rates
  • All leasing activity: new leases, renewals, expansions, relocations, etc.
  • Maintaining adequate insurance coverage
  • Full monthly financial reports to owners
  • Annual budgeting and property business plans

Miami/Miami Beach Real Estate Property Types:

 

  • Shopping Centers
  • Rental Apartment Buildings
  • Small Condo Associations
  • Office buildings or individual commercial condos
  • Industrial properties
  • Individual condos or single residences for rent
  • Mini Warehouses
  • Medical Office Buildings



Miami/Miami Beach Real Estate Consulting Services:



  • Development potential analysis
  • Re-positioning of portfolio
  • Loan workout/debt re-structuring
  • Turnaround management plans
  • Takeover management plans
  • Asset Management, Leasing and Marketing Plans
  • Disposition and exit strategies
  • Assessment and training of in-house management team
  • On-site management policies and procedures

 

Asset Types:
 

  • Fractured Residential Condo Projects – New and Conversions
  • Fractured Commercial Condo Projects – New and Conversions
  • Multi-Family Rental Projects
  • Land
  • Shopping Centers
  • Office Buildings
  • Industrial Properties
  • Medical Facilities
  • Hotels

 

Recent Representative Transactions

Shoppes of IL Villaggio:

Real Estate For Sale

                  

  • 2018: sold Suite 103, a ground floor 888 SF retail condo for $1,799,000
  • 2017: sold Suite 102 for a record square foot price of $2,500/SF, or $1,450,000 
  • 2017: leased Suite 102, a ground floor 579 sq. ft. retail condo for $150/SF, triple net
  • 2017: co-brokered the sale of Suite 104, a 2,044 sq. ft. retail condo for $2,700,000, or $1,320/SF 
  • 2016: leased Suite 103, a ground floor 888 sq. ft. retail condo for $150/SF, triple net, with an option to purchase at a price of $1,799,000, or $2,025/SF
      • 2015: Sold Suite 102, a ground floor 579 sq. ft. retail condo, for $900,000, or $1,554/sq. ft.
    • 2014: Sold Suite 105, a ground floor 2,483 sq. ft. retail condo, for $2,050,000, or $826/sq. ft.
    • 2012: Sold Suite 103, a 888 sq.ft. retail condo, for $885,000, or just under $1,000/sq.ft.
    • 2011: Sold Suite 205, a 2,128 sq.ft., 2nd floor office condo, for $1,000,000, or nearly $450/sq.ft.
    • 2010: Leased Suite 205 at a rental rate of $38/sq.ft.
    • 2009: Consulted for the Shoppes of IL Villaggio Condo Association relating to cooling tower issues
    • 2005: Executed the commercial condo conversion of the 15,000 sq.ft. property, and its $10,000,000 sellout under consulting agreement with Multiplan USA Corp., U.S. subsidiary of Grupo Multiplan, headquarted in Rio de Janeiro, Brazil
    • 1999: Managed the intial lease up of the property to: Starbucks, Haagen Dazs, Sunglass Hut, Hugo Boss and Joop, among others
    • 1998: Directed the $100 Million development completion of the IL Villaggio Condominiums and its commercial component, The Shoppes of IL Villaggio as COO of Multiplan USA Corp.

Miami's Biscayne Blvd. MiMo District- Buyer Representation

Real Estate For Sale

  •  May, 2014: Represented North Beach Vascular & Aesthetics in the purchase of a 5.600 sq. ft.  office building in Miami's Upper East Side MiMo District.

  South Miami Medical Building - Tenant Representation

Real Estate For Sale

  •  February, 2014: Represented Primary Care Physician. in a 10-year lease for a 1,700 sq. ft. medical office space.
  • April, 2014: Represented same tenant in the expansion into adjacent 985 sq. ft. suite.

Palmetto Bay Home - Buyer Representation

 Real Estate For Sale



    •  September, 2013: Represented buyer in the $595,000 purchase of a 3,300 sq. ft. home in Palmetto Bay

Sunset Station - Suite 501: Exclusive Leasing Agent

 
Real Estate For Sale

 
July, 2012: Leased 2,295 sq. ft. office space to insurance agency under exclusive lease listing agreement with owner.
 


Coconut Grove Home - Buyer Representation

Real Estate For Sale

  • April, 2012: Represented buyer in the $720,000 purchase of a 2,900 sq. ft. home in Coconut Grove

Beacon Centre Tenant Representation:

  • 2011: Represented Engineering Systems, Inc., a national engineering firm, in a 6-year lease valued at over $500,000, for a 5,412 sq.ft. flex space at the Beacon Centre, owned by ProLogis.

Sales Management Consulting Engagement with German Luxury Brokerage Brand:

Real Estate For Sale

  • 2011: Steered the opening of two new offices in Key Biscayne and the Bal Harbour Shops for Engel & Voelkers/Miami; developed business plans designed to spread the brand footprint locally; recruited 20 new agents; major participant in the procurement of over $15 Million in new residential listings


Financial Management Consulting Engagement for Fractured Condo Projects:

Real Estate For Sale

  • 2008: Formulated takeover management plans for the default takeover of the 223-unit Peninsula II in Aventura and the 349-unit Marina Grande in Riviera Beach, by CRE Boca, an affiliate of the Cerberus Group.

Ocean Steps on South Beach: Highest Transactional Volume

Real Estate For Sale

  • 2005: Sold over 50% of the commercial condo units at Ocean Steps, a 52,000 sq.ft. retail/entertainment project, for an aggregate price in excess of $6,500,000

Land Assemblage for Condo Development Project - Buyer Representation

Real Estate For Sale

  • 2004: Assembled 4 land parcels with 500 feet of water frontage and sold to Mae Capri LLC for $12,500,000; developed into 72 unit luxury project known as Capri South Beach
  • 2006 - 2007: Managed project unit sales program under exclusive sales engagement with Mae Capri LLC

The Strand on South Beach - Exclusive Project Sales Management

Real Estate For Sale

  • 2004 - 2005: Managed the exclusive project sales and closing coordination for The Strand on South Beach, a 4-building, 87-unit condo hotel development project on Ocean Drive, with a sellout of $35,000,000, for Mayfield Development

 

 

contact

  • Alex A. Garcia , CPA | Real Estate Investment Advisor
  • AG Real Estate Services, Inc.
  • Direct: (305) 987-5310 Office: (305) 987-5310 Fax: (305) 271-4777
  • 1688 Meridian Avenue 7th Floor Miami Beach, FL 33139
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