The re-tenant cost on a 9.2 cap office is bigger than my equity
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…
All 132 real estate strategies.Every room answered.
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every post in the passive rooms
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…
Land banking in its pure version is buy raw land, make no improvements, collect nothing, wait. Then almost every person I talk to who actually owns acreage mentions some small inc…
Five years of doing turns and common area cleaning for a small operator with three licensed rooming houses. He's 71, wants out of two of them, and last week he asked whether I'd t…
I'm assembling a line-item budget before I make an offer on anything, and I want to pressure test it against people who've actually stood one of these up. Six rooms, existing sing…
Commercial policies are what I deal with every day on my service business, so I didn't blink when the agent came back with a package policy on a fourplex I'm looking at. Then the…
I've been putting money into other people's deals for three years and I'm looking at buying something myself for the first time, mostly because I want the residential financing th…
Sitting on two options with the same seller family and I have to pick a policy, not a deal. Parcel A: 34 acres, deed chain clean back four transfers, access off a maintained count…
Payment went from $1,412 to $1,741 in month ten and nothing about the loan changed. I was keeping the file on a sub-to for an investor I do coordination work for, so this one is o…
Structure I'm being pitched. Operator wants 60k from me to cover a seller's equity on a house with a 198k first at 3.4%. I'd take a second deed of trust recorded against the prope…
212 units, 24,600 net rentable square feet, 89 percent physical and 81 percent economic occupancy. Asking price implies a 6.1 cap on trailing twelve, which is fine. The problem is…
I've been reading operator house agreements to work out where a service business could sit in this model, and two of them handle new tenant selection in completely opposite ways.…
This one is fully on me and it cost about 11k. Early last year I was moving money out of a construction business account into something liquid and I wanted real estate exposure wi…
The two-decade figure of roughly 9 percent annualized on the all-equity index keeps getting used as the case for owning REITs broadly. My problem with using it as a planning numbe…
A friend sent me a lease abstract for a colocation facility because he knows I read this stuff for fun, and almost none of it looks like the leases I'm used to. Rent is quoted per…
Reading a participation offer on a mezz note and the gap is sitting right there in the reserve schedule. Shape of it: 24 MW powered shell under construction in a Sun Belt secondar…
Two things on my desk this week and they point in opposite directions. Deal A. Single tenant pharmacy-format box, roughly 13,000 sf, investment grade parent on the guaranty, 15 ye…
Posting this because the failure was procedural, and procedural failures are the cheapest kind to learn from someone else. The asset: 88 acres in a cool-climate wine region, 71 pl…
First deal after a long stretch of research and no purchases, so I'll skip the part where I explain why it took so long. Two tenant shallow bay, 14,000 square feet, built 1996, 22…
I'm looking at LP paperwork for a 400-space garage in a mid-size downtown, roughly $18M total capitalization. I don't own anything yet and I'm mostly here for the documents, so tr…
45-space corner surface lot, asking $1.1M, trailing NOI around $78,000, so about 7.1% on the income alone. The site was a branded gas station until 1987. Tanks were pulled, and th…