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Martin Neal
Pro Member
  • Rental Property Investor
  • Chicago, IL
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293
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How to sell a shopping strip? Where to start?

Martin Neal
Pro Member
  • Rental Property Investor
  • Chicago, IL
Posted Dec 14 2017, 08:41

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!!

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