How to sell a shopping strip? Where to start?
Hello,
My wife is a realtor and just got her first commercial listing. It's a 5 unit shopping strip in Chicago on the west side, with one unit available to lease.
What does she need to know/ advertise to inform investors and attract buyers? I know that she needs to know the CAP rate but what else??
Here's what I know about the listing:
Sale Price: $550K
Four Units: Occupied and Leasing for $1500
One Unit: Open for Leasing for $2500
Taxes: Approximately 17K
Tenants pays all utilities except water
Any and ALL feedback is welcome. Thanks in Advance!!