Commodore Realty Inc, is always looking to acquire new retail properties throughout the State of Florida. In addition, over the next 5 years, we would like to make our first acquisitions outside of Florida to further diversify our portfolio.  Properties should have strong fundamentals including location, access, and visibility.

Multi-Family, Entire Condo Projects, Office Buildings, and Vacant Land will also be considered if the property is in a distressed situation and the Seller is looking to make an immediate exit from the property at a discount.

Preferred Property Types

  • Stabilized and value-add neighborhood and community retail shopping centers with national or regional credit anchors and/or junior anchors.
  • Unique smaller retail properties in “A” markets such as St. Armand Circle, Brickell, Key Biscayne, Palm Beach Island, or 5th Avenue Naples, to name a few.
  • Properties with the opportunity to enhance cash flow through expansion, re-tenanting, or redevelopment are preferred.
  • Property with “legacy” below-market rents are preferred.
  • Multi-Family and Failed Condo Projects of interest for rentals/apartments; therefore, the purchase price must be supported by a cash flow analysis and allow for a cash on cash return.


  • Neighborhood and Community Shopping Centers over 80,000 sq. ft of GLA with transaction value between $4,000,000.00 – $30,000,000.00.
  • Unique Retail Properties of all sizes with transaction value between $2,000,000.00 – $15,000,000.00.
  • Multi-Family or Failed Condo Projects.
    • Tri-County & Sarasota County 10 units to 400 units with transaction value between $2,000,000.00 – $30,000,000.00.
    • All other markets 100 units to 400 units with transaction value between $4,000,000.00 – $30,000,000.00.
  • Office Building in Miami-Dade between 10,000 sq./ft to 100,000 sq./ft GLA with a transaction value between $4,000,000.00 and $15,000,000.00.


  • MSA’s in Florida with populations exceeding 100,000 people within a 5-mile radius.
  • Properties should be Main and Main locations.
  • Markets with high barriers to entry.
  • Demographic profiles that meet or exceed the MSA averages.
  • Within Florida, cities along the coasts. Limited interest in the middle of the state.
  • States/Cities outside of Florida of interest: North Carolina, South Carolina, New Hampshire, Maine, Austin Texas, to name a few.


  • Quick close (as little as 45 days) depending on the deal.
  • Experienced, in-house due diligence with over 30 years in business.
  • Straightforward Hassle-Free Negotiation – “Real” price negotiated upfront.
  • Cash buyers up to $7,000,000.00.
  • Strong lender relationships.


  • Purchase Price
  • Physical Description of Property & Photos
  • Detailed Current Rent Roll & Lease Abstracts
  • Site Plan / Leasing Plan
  • Tenant Sales History (if available)
  • Brief Market Description (including market rent and competition in the area)
  • Operating Statements for the last two fiscal years including detailed accounting of expenses and recoveries
  • Terms of existing debt (if applicable)
  • Property history (age, date of last renovation, etc.)
  • Disclosure of any known environmental issues