LoopNet?

Question

Is LoopNet worth the membership price?

Rob Beland · Answer

It depends on what you want to get out of Loopnet. If you are looking for access to listings then you might as well just hire a buyer's agent from Loopnet and they can search all the listings for you. They will represent you in the deal and it won't cost you anything. The reality is that when a listing gets to loopnet it has already been seen by so many investors like yourself that there are no homeruns on Loopnet. What are you looking for on Loopnet? I'm a licensed RE agent and i have a membership that is paid through my brokerage so I have access to list properties for sale. As an investor, I rarely, if ever, consider Loopnet a good source for quality deals.

Account Closed · Answer

Loop net is where deals go to die. Like mentioned, contact all of the Brokers and ask questions.

James De Silva · Answer

I've come across some interesting small multi-families on loopnet, but you can get that for the free access too. And a good realtor should be able to find that information. It's just another source of information if you're a smaller investor, but if you want to focus your time, I'm not convinced it's all that useful.

Justin Smith · Answer

Joe - I specialize in industrial. My company has 50 offices nationwide but none in Penn unfortunately. I think the best way you can find someone who knows that area and product is to search SIOR (http://www.sior.com/). This is an association with that has high standards. The agents I have found through there have always been very proficient and experienced. This should give you what you need.

Mark Robinson · Answer

I agree with Joe. There are plenty of agents that specialize in Industrial. They will know exactly what you're talking about. Check out SIOR as Joe mentioned, CCIM, or even a local or regional office of CBRE or Cushman & Wakefield. Find a broker that will help you identify sites both listed and not listed online, you'll be glad you did.

Joel Owens · Answer

King Industrial in GA specializes. You need to find an industrial broker in your area.

You want to find a broker on LoopNet for instance where all or most of their listing are Industrial.

Commercial is highly specialized. I do Retail and large Multifamily.

See if you have luck here finding an Industrial specialist in your area.

SIOR

Joe Cummings · Answer

I spotted a few deals on loopnet, but it only shows me premium listings. I'm not sure what I'm locked out of. My problem is, agents really don't seem to understand industrial/commercial needs. Door height & width are expensive to change. Height to the bottom of the roof trusses is a total deal killer.

I'm not even sure any of them even begin to understand 3 phase power and how big of a deal it is as far as usage, and how damn expensive it is to put a new 3 phase service in.

When I tell them I need to store and repair my equipment, they just don't seem to grasp the scale even if I show them pictures.

When I say my truck and forklift, I'm talking about this

And when I say I repair, move and set up big sandblasting equipment, I mean this.

Not this

LoopNet?

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