What is your opinion on neighborhood office?
I'm looking at a deal that is 1.8 million for a two level strip. No competition in the area that I can see, but has 20% vacancy. It's a high end neighborhood. It has tenants like state farm, driving school, dentist, real estate office, martial arts studio. I would say 90% of the tenants are office. Road seems busy, but still gathering traffic count data. Anyone have experience with these type of small office tenants?