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Updated over 4 years ago on . Most recent reply

Greg Todrank's profile image
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Greg Todrank
  • Rental Property Investor
  • from Bloomfield Hills, MI
  • Member since Apr 5, 2020
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Greg Todrank's profile image
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Greg Todrank
  • Rental Property Investor
  • from Bloomfield Hills, MI
  • Member since Apr 5, 2020
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Greg Todrank
  • Rental Property Investor
  • Bloomfield Hills, MI
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Commercial Real Estate Investing

Commercial RE -- Best Buy Closing

Greg Todrank
  • Rental Property Investor
  • Bloomfield Hills, MI
Posted

Commercial RE newbie...  Our local Best Buy is closing.  I spoke with one of the managers and they couldn't come to terms on the lease with the building owner.  I'm trying to understand why -- in the middle of this mess -- you wouldn't find that middle point.  What am I missing?  I assume Best Buy writes a hefty check every month, on time.

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    Steven Foster Wilson
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    • from Columbus, OH
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    Steven Foster Wilson
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    Steven Foster Wilson
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    Steven Foster Wilson
    • Rental Property Investor
    • Columbus, OH
    Replied
    Originally posted by @Greg Todrank:

    Commercial RE newbie...  Our local Best Buy is closing.  I spoke with one of the managers and they couldn't come to terms on the lease with the building owner.  I'm trying to understand why -- in the middle of this mess -- you wouldn't find that middle point.  What am I missing?  I assume Best Buy writes a hefty check every month, on time.

     Most likely the building owner has bigger plans in store. Maybe self storage?

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