Commercial wholesaling applies the assignment model to commercial real estate, multifamily buildings, retail, office, industrial, and other income-producing property, rather than single-family homes.
Log in to follow28 unit garden-style, three buildings, 1978, secondary southeast market. Broker had it lightly marketed and it had already been under contract once and fallen out. I went in on th…
Numbers first. 31,000 sf multi tenant industrial flex, four tenants, small southeast market with a real logistics story. Estate sale, listed for seven months with a residential br…
35 day diligence window on a 19,000 square foot older retail and service building, two bays, one former dry cleaner space from the 80s that everybody in the chain of title seems t…
My work is on the service side of real estate with a small team under me, and I keep looking over the fence at commercial wholesaling. My understanding is that you don't need mone…
Under contract on a 9,200 square foot single tenant retail box in a small town, national drug chain style tenant, 6 years left on a flat lease at 118k a year absolute net. My cont…
Five years of service work means I'm in and out of small commercial buildings constantly and I hear things. Owner of a two building office and warehouse property told me last week…
I've been reading commercial assignment agreements lately, mostly because the paperwork holds my attention better than the buildings do. On residential everything I see is a flat…
First time reading a commercial purchase agreement rather than a residential one, and it's a different animal. This is on a small industrial flex building, 14,000 feet, two tenant…
I've been underwriting a 7-unit retail strip, about 11,000 sf, seller wants $2.1M. His marketing sheet shows an 8.2 cap but that's proforma with the two vacant bays filled at aski…
14,000 sf flex building, four tenants, seller's rent roll showed $118k NOI. He wanted $1.35M, call it an 8.7 going in. I got it at $1.31M with a 20 day inspection and $5k that wen…
I've been reading note and loan sale material because that's the direction I lean, and the office paper is where the discounts are. Sub-performing, maturity defaults, sellers who…
Small town, population about 4,200, an hour from anything. 11,000 sf building, half storefront retail and half warehouse, three tenants. Rent roll said $86k gross, expenses about…
28,000 sf suburban office, three stories, 61% leased, built 1987. Seller was a family LLC that had owned it free and clear since the 90s and had stopped answering the leasing brok…
Working a $2.35M deal, mixed use flex with two service tenants and one vacancy, and I'm stuck on how to price my own position rather than the building. Spread as I see it is somew…
12 unit brick walk-up, one market, one broker, seller is an estate. LOI accepted at $1.06m. Their attorney sent back a draft PSA with a 15 day inspection period and $50k earnest t…
A guy I met at a meetup forwards me deals. He sent one yesterday: 6 units, older brick building in a small midwest town, asking 385k. He says the seller is motivated because he's…
I've got a 40-unit garden style building tied up at 3.1m. Seller is an estate, no broker, deferred maintenance everywhere, in-place rents about $180 under market on 28 of the 40 u…
Every spreadsheet I open turns into another spreadsheet, and I'd like to actually get to a first deal. Two things are tangled in my head. First, valuation. On residential I get it…
Under contract on a 21,000 square foot neighborhood strip center, seven bays, 78 percent leased. Contract 1.44m, in-place NOI about 139k, so a 9.65 in-place. My buyer is at 1.61m…
Two leads sitting in front of me that have nothing in common. One is a 14 unit brick walk-up, four units down, seller inherited it and lives out of state. The other is a 22,000 sq…