Need an experienced set of eyes on this commerical property
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I came across this commercial investment opportunity in the next town over. There's a current tenant with 8 years left on a 10 year lease. I've never analyzed commercial before, so I'm sure I missed something. I'd love a seasoned investor's take on what's missing with my analysis.
I don't ask, "Can I afford this." I've learned to ask "How can I afford this?"
If the numbers are good, I'd like to partner with someone on this. I'd provide the deal and the hustle; I'd be looking for someone to help with the down payment. The history shows that the property has been off and on the market for several years. It was originally listed at $1.8M, now it's $1.5M. I did the analysis with offering $1.2M
Thanks all!