Office investing means owning office buildings and leasing space to business tenants for rental income.
Log in to followGuy at a local meetup runs a sponsor group doing office-to-apartment conversions and offered me a $50k LP unit. 8 percent pref, 70/30 split after, three to five year hold, and he…
Broker sent me a 22,000 sf single tenant suburban office, two story, built 1998, roof replaced 2019. Regional insurance back office occupies all of it at $14.50/sf NNN with 4.5 ye…
Since I've posted two losses in this room I owe the other one. In early 2023 I put $60k into a recapitalization of a newer office tower in a strong downtown submarket. Built 2016,…
An owner I've done work around asked if I want a small piece of a building instead of an invoice, and I don't know enough to say yes or no intelligently, so here are the numbers h…
Something like $1.5 trillion of commercial mortgage debt comes due through the end of 2026 and a heavy share of it sits on office. Office delinquency on securitized loans hit an a…
Two office deals landed in my inbox this month and both decks quote the same national numbers. Vacancy near 18 to 19 percent. Office CMBS delinquency at 12.34 percent in early 202…
Reading a deck on a 1980s eight story, 140,000 sf, 54 percent leased, and the downside case doesn't end in a loss because of a line that says "residential conversion, $185/sf all…
64,000 sf, four stories, built 1998, an inner ring suburb with a real amenity base within walking distance. Seller had a loan coming due and had already agreed with the lender to…
Small-town deal, 6,200 sf single story office built in 1978, four tenants, asking $650k. Local bank says they'll look at it but they want a Phase I, a property condition assessmen…
First time I've looked seriously at office and I'm out of my depth on the lease structure, so going slow. 14,000 sf two story, six suites, built 1991, asking $1.05M. Rent roll sho…
The listing was a 9,200 sf single story office on 1.4 acres in an inner suburb, built 1978, three tenants, asking $760k. I looked at it because of the land, not the leases. The pa…
I wanted rent that showed up without a second job. In 2023 I put $85k into a syndication on a three story suburban office, roughly 62,000 sf, bought at what everyone described as…