Multiple Income Stream Property - Billboard, tenant, seasonal

Multiple Income Stream Property - Billboard, tenant, seasonal

Attorney / Investor · Winter Park, FL · Member since 2015 · 22 posts · 10 votes

BP Friends - I have a .65 acre parcel on a busy road in Orlando and have been debating with my partner how to market the property. It has almost $30k in revenue from a retail tenant, a billboard and seasonal vendors. We are intending to sell it but received a great offer to carve out an easement for the billboard first and sell that to another company. In talking with a few commercial channels about the deal it seems like brokers have a tough time explaining to their clients about how they would be buying a property with a billboard but receive no income from it, and it would make it much harder to sell the remainder. It's a question of which is greater, the whole or the sum of the parts? Anybody have experience with this?

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  • Member since 2018 · 433 posts · 208 votes
    6y

    How good is the offer? If the broker can't explain an easement and perpetual advertising agreement then you should find a broker who knows their job. It's a super common thing.

  • Attorney / Investor · Winter Park, FL · Member since 2015 · 22 posts · 10 votes
    6y

    Thanks Shane and it was great talking to you via PM. It's 11X current annual rent.

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