Commercial Property Pre-Foreclosure -- How to Approach?

[Wes Blackwell]

So, I specialize in working with pre-foreclosures, and while 99% of Notice of Defaults are residential properties, every now and then a commercial property comes along.

Auto sales, office building, restaurant... you name it, I've seen it.

But, usually it isn't the name of the business that's in default, it's the property address.

EXAMPLE: 9337 HORTON ST LLC / NINETY THREE THIRTY SEVEN HORTON ST LLC

Which makes me think that it's the building owner that's in default, not the actual business that is operating out of the building.

(But perhaps the business operating out of the location is failing too, and that's why the building owner is in default!)

Was wondering if anyone might have any experience in capitalizing on this sort of scenario. Reach out to building owner and offer to buy it / sell it?