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Forums » Property Wanted » NYC Strip Mall Needed...Urgent

NYC Strip Mall Needed...Urgent Subscribe to NYC Strip Mall Needed...Urgent

4 posts by 3 users

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John Patchin

Real Estate Consultant · Kansas City, Missouri


Forum_avatar_avatar-rewholesaleking

Feb 26 '09, 10:30 AM

I have an overseas CASH buyer looking for a strip mall in the NYC area.

Ideal property would be 10-15 store fronts, poorly managed or in some disrepair. Mall should be anchored by major tenant, grocery store is not necessary, in fact the perfect scenario would be major drug store. Occupancy in the 70-85% range will be fine. Current cap rate of 10% or slightly worse would be fine as well.

Please no public listings, as buyer is looking to resell at some point in the near future.

Please contact me with any information you have or need.

Same buyer is also looking for Hotel in NYC.
Same conditions as above, however being branded is not a deal breaker. Excellent location is of more importance than being branded or not. Ideal size would be in the 100-150 room range, but will look at larger or smaller if the deal is right.

Thanks
John
[REMOVED]

Edited: 06/26/2010 at 07:24AM by Moderator


Richard Lorenzen

Real Estate Investor


Forum_avatar_avatar-rlorenzen

Feb 26 '09, 10:20 PM

PM me with where in NYC your buyer is looking and her/his budget. I should be able to help you out.

Edited: 06/26/2010 at 07:24AM by Richard Lorenzen


Eric Clark

Real Estate Investor · Wilmington, Delaware


Forum_avatar_avatar-investor360

Mar 29 '09, 01:41 AM

John,

Are you still in search for your client? I might be able to help.

Edited: 06/26/2010 at 07:46AM by Eric Clark


John Patchin

Real Estate Consultant · Kansas City, Missouri


Forum_avatar_avatar-rewholesaleking

Mar 29 '09, 01:47 AM

Eric,
I appreciate your response however we have located a property and have begun the closing on this property.

Edited: 06/26/2010 at 07:46AM




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