Best place to find unlisted commercial deals?

Best place to find unlisted commercial deals?

Hamburg, NY · Member since 2014 · 13 posts · 1 vote
Hi everyone - What's the best way to find unlisted commercial properties? I am interested in expanding my portfolio and developing a commercial property. Would really love to find a building that I could turn into medical office suites. I know the best deals are the ones that haven't hit the market yet. I appreciate all your advice.
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  • Joel OwensBusiness Member
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    Real Estate Broker · Canton, GA · Member since 2010 · 15k+ posts · 11k+ votes
    11y

    If you want to find unlisted commercial properties you will need to spend bucks yourself on direct mail.

    Another option is to get on some brokers direct mail lists. These properties are shopped first to their internal list and then weeks later put out as a listing etc.

    To get on the list usually you have to be a known commercial broker whose buyers are vetted ahead of time and perform and are well qualified. If you are a direct principal you will need to submit your PFS statement for liquidity and net worth along with a history questionnaire to get on their list.

    You do not want to market to people as a seller or a broker for off market properties where the end buyer doesn't have the capability to buy or they are trying to wholesale and all that stuff.   

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