Finding Commercial Tenants

[Devonte Dinkins]

Hello Everyone,

I am interested in purchasing my first commercial mixed use property. The property has 3  commercial retail spaces and office/apartments above. How do I begin to identify tenants for the space, and has anyone had any luck receiving Letters of Interest before they purchase a property? What are some strategies used in your commercial real-estate acquisition process? What are the best ways to attract regional and national tenants?

[Ash Patel]

Good points @George Flevotomos.  I will add, this is a very important decision.  A poor broker will list and sit on the property waiting for the magic to happen.  This can cost you a lot of money in lost revenue.  Drive around and write down the contact info for the brokers.  Call them and inquire about the property.  See if they simply give you the info or dig deeper and try to go the extra mile.