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Updated about 8 years ago on . Most recent reply

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17
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Dave Lin
  • Newton, MA
1
Votes |
17
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where to find commercial RE listing for greater Boston area?

Dave Lin
  • Newton, MA
Posted

Is there some kinda of aggregator platform like MLS for commerical RE? thanks!!

Most Popular Reply

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15,189
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Joel Owens
  • Real Estate Broker
  • Canton, GA
11,275
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15,189
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Joel Owens
  • Real Estate Broker
  • Canton, GA
ModeratorReplied

Dave you have not mentioned what kind of commercial property you are looking for.

Many types out there.

Example: Retail strip center with national tenants at a 6.5 cap for 5 million putting 1.5 million of your own cash down with median income at 90,000 or higher. Ring radius of 50,000 population plus in 3 miles and traffic count of 30,000 cars a day by the site.

OR

Another example: Multifamily building of 100 units at a 7 cap for 8 million and under putting 20% down. Stabilized property with tenant there at least 75% of tenants 3 years paying history on the rent rolls. Low crime area close to public transit and colleges. Property rental increases potential through renovation and updating of units. 

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Commercial brokers are highly specialized so the more specific you get the better.

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