Advise from Commercial investor request
Hey Folks
I have a commercial property with cash flow, that is being sought after by a developer looking to develop an adjacent property, he would like to acquire mine along with it, as it would offer a direct drive to feed his development.
My property has 2 long term tenants, but also has room to develop additional structures.
I do not want to sell and have to take any capitol gains at this time, nor do I want to try to switch properties (1031) right now.
My thought was leasing the entire property long term, say 25 to 50 or so years.
Do developers frown on long term leasing?
Any other thought on how else to approach this?