Three Lions Real Estate Group seeking ‘value-add’ properties | Jax Daily Record | Jacksonville Daily Record

3 Lions True Estate Group, a professional authentic estate expenditure and brokerage enterprise named just after the fountain in San Marco Square, moved its workplaces in December to new headquarters together Emerson Road.

Luke Feldman and Bryan J. Mickler, earlier a product sales group at the NAI Hallmark brokerage, to begin with shaped 3 Lions in April 2020 to acquire value-insert professional authentic estate.

The two remaining NAI Hallmark June 1, 2021, and expanded 3 Lions to involve brokerage companies.

A partnership like the two acquired a two-story developing Nov. 22 at 4401 Emerson St. for the company’s headquarters. A few Lions experienced been leasing space in San Marco.

The virtually 15,000-square-foot Emerson Road building was produced in 1974. Mickler claimed its major tenant is Doctors Team LLC, an affilated firm of the 1-800-Check with-GARY law firm and health-related referral provider.

3 Lions Real Estate occupies 1,700 sq. feet of house on the second ground.

As a result of Emerson Street LLC, the partnership paid $1 million for the property. SouthState Bank of Jacksonville issued a $750,000 mortgage.

3 Lions Real Estate Team acquired 4401 Emerson St. for its headquarters.

They bought the home from Emerson Jax II LLC, led by 1-800-Request-GARY founder Gary Kompothecras, based mostly in Sarasota.

The deal was a sale-leaseback.

Feldman and Mickler stated in a news release that A few Lions focuses on getting price-increase homes in “neighborhoods of economic strength and range.”

It performs with clients’ commercial serious estate product sales and leasing needs. 

They claimed their optimism for the Jacksonville metropolitan statistical region was their primary enthusiasm for starting up the corporation.

“Over the past year, we have viewed appreciable growth in Jacksonville. Not only are local investors and developers executing their prolonged-expression visions, but new buyers are making an attempt to enter the market place from other cities because of to increasing selling prices and compressed cap costs,” Feldman explained in the launch.

The capitalization price implies the level of return expected on an expenditure house.

“As area professionals and traders, our hope at A few Lions is to tutorial traders by way of the Jacksonville landscape to optimize returns and make a good impression domestically,” the release reported.

A few Lions Real Estate Team is a industrial real estate investment decision and brokerage business specializing in benefit-incorporate investments, as nicely as 3rd-get together revenue and leasing. 

It functions with purchasers, sellers, tenants and landlords with business real estate wants, which include retail, business and industrial homes. 

The launch explained 3 Lions raises money on a offer-by-offer foundation, “incorporating a diverse team of serious estate experts for counsel and fairness possession in attributes.”

At NAI Hallmark, Feldman and Mickler’s gross sales bundled underutilized attributes this sort of as the KinderCare portfolio and former St. John the Divine Greek Orthodox Church along Seaside Boulevard.

They explained the Emerson Road setting up at first was designed by a partnership such as Wesley of Florida, W.W. Homosexual, Paxson Electric powered and other contractors that built acknowledged business properties in Jacksonville.

Feldman and Mickler said those people contractors’ collaboration in the style and building of the making was an crucial factor in the obtain.  

“We felt like the spirit of Three Lions was now represented in this developing,” Mickler mentioned.

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