Commercial Retail/Warehouse/Office Spaces
I am getting interested in learning more about the space and it’s options, benefits and possible growth potential.
I currently focus on commercial multifamily properties, which is great and all, but I feel retail/warehouse/office space can be a stable defensive move to do along with multifamily. Also it seems you can have your tenants almost cover all your expenses with the NNN and NN ways, which seems pretty awesome.
Can you increase the value/NOI as fast as commercial multifamily? I assume you buy locations that need work and then fix them up to be able to host/interest businesses better and charge more once the building is nice, which in turn increases it's value. Is it very location dependent, for example a storefront you want high foot traffic or off a highway? I would assume so. The leasing are much longer and more stable correct? It just seems pretty cool/interesting to me! Also helping small business owners is just an awesome thought.
I am a newbie on this space and in the very beginning stages of learning, but would love to see if anyone has experience, recommendations and/or stories about this space!
Most Popular Reply
Your diversification strategy sounds great .
I can share with you my experience on buying a vacant office building and placing a long term tenant.
Rgds,
Lan