How to find a commercial real estate broker?

Question

Hi!

We are looking into acquiring a 12 or so unit property (so far we have owned 1 to 4 unit buildings ).

Any recommendations how to find a commercial real estate broker?  Loopnet does not seem to have many deals available... We figured a commercial real estate broker will have more properties.

Thanks!

John Bryson · Answer

I would first nail down the exact area/s you're looking in.  Once you have that, a google search for "Multifamily real estate in _____ city.  There should be a few names that keep coming up.  Once you get 3 names/numbers, call and speak to them and from there you can choose which broker you connect with most.

Jonathan Twombly · Answer

@Edita D.  I have a free giveaway on my website if you are interested that addresses this topic.  Please PM me if this is of interest to you and I will tell you how to get it.

Edita D. · Answer

Thanks everybody for your input!

Jeff Kehl · Answer

@Edita D. Couple of things you can try. If it's a bigger city you are looking in you can try the larger national brokers like marcus and millichap or CBRE. Also you can try the local MLS sites most of them will let you specify commercial or multi-family and you can find brokers that way.

There are also certifications and organizations of commercial brokers like CCIM:

http://www.findaccim.com/

Chet Mazur · Answer

There is a site which promises off market lists only.. Is it cool to post? I have no economic interest ion the property.

I had no broker contact for a assisted living facility.. I call one of the big brokers focusing on ALF... Very happy so far.

Joel Owens · Answer

First define where you want to buy. 12 units is more of small balance commercial broker. More experienced brokers tend to work on larger deals of a much bigger size. This way the broker can make as much commission in 1 deal as 15 smaller deals.

Tyler Derickson · Answer

loopnet is a great resource. Contact the broker on Loopnet asking about other properties they have listed or coming  that fit what your looking for.

How to find a commercial real estate broker?

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