Office investing means owning office buildings and leasing space to business tenants for rental income.
Log in to followI've put money into three passive office deals. The first one I said no to for a reason I can explain in a paragraph, and the two I said yes to have both paid so far, so I want to…
Small position in a 1990s suburban office, 48,000 sf, three tenants, parking at 5.1 spaces per 1,000 sf. The thing I did before investing that I hadn't seen anyone else do: I aske…
This is a small one. $25k into an eight tenant office and flex building, roughly 34,000 sf, single story, in a suburb where a lot of the tenants are contractors and small medical.…
I manage buildings rather than own them, and I get asked this by owners often enough that I want to see how the room splits. Office has pulled apart into two markets. Newer well l…
I've been comparing two structures on the same kind of asset and they produce completely different risks rather than different returns. Structure one is all cash. A 78,000 sf buil…
Almost nothing I understood about this turned out to be true, so writing it down. I put $40k into a fund that described itself as a diversified office income fund. My assumption,…
I've been running the same exercise on suburban office the way I'd run it on raw land, and it keeps failing in a way land never does. The building I keep coming back to is a 1987…
I mostly buy dirt and sit on it, so treat me as a beginner on buildings. There's a 1970s two-story office building in a small city downtown, 14,000 square feet on 0.85 acres, aski…
Two office LP packages on my desk and the entire difference in outcome is a rent growth assumption I can't verify. Deal A is a prime building, 210,000 sf, 88 percent leased, in-pl…
Broker sent me a 22,000 sf single-tenant suburban office. Regional bank operations back office, been in the building 11 years, 3.5 years remaining on the lease, 2 percent annual b…
I'm on my list-building stage, so I'm reading offerings rather than signing them. Two came in the same week and they're almost perfect opposites. I'd like people to tear into how…
Put $30k into an office deal through an online platform in my second year of doing anything at all. 110,000 sf, two buildings, 81 percent leased at acquisition, plan was to renew…
Looking at a two story office building in a mid-size downtown, 8.2 percent cap on the listing, about 19,000 square feet with four tenants. When I asked who pays for what, the brok…
Under contract on a 68,000 sf suburban office, seven tenants, 81 percent leased, and I'm in the middle of estoppels. Four back, three outstanding. One of the four is from the seco…
I mostly do land and zoning so office vocabulary is new to me. Two things I can't line up. Every market report I read says prime office is tightening while everything else struggl…
I hold land and wait, so office is off my map. This one landed anyway and I've spent three weeks on it instead of the pasture I was supposed to be looking at. The asset: 78,000 sq…
I've been reading passive office offerings for about four months now, slowly, and something is bugging me. Almost all of them run a five year business plan. Buy at a discount to w…
A group I've looked at before sent me a mezzanine slot behind a senior loan on a five story office in a second tier downtown. Building is 1998, about 110,000 sf, 71 percent leased…
Looking at an LP position in a prime CBD asset and the debt is what I can't get comfortable with. Details as presented: $78m purchase, 91 percent leased, in-place NOI $5.65m, so a…
Been through the PPM twice on a fund buying obsolete office for residential conversion, and I want other eyes before the next closing. The seed asset is a 1974 tower, 180,000 sf g…