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Updated almost 5 years ago on . Most recent reply

User Stats

22
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10
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Justin Vermuth
  • Attorney / Investor
  • Winter Park, FL
10
Votes |
22
Posts

Multiple Income Stream Property - Billboard, tenant, seasonal

Justin Vermuth
  • Attorney / Investor
  • Winter Park, FL
Posted

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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