Commercial/light industrial/retail property for sale/lease opportunity

[Juan Pablo Vidal Garcia]

Good evening everyone! Relatively new member to the BP community, as well as listener and fan. I am a real estate agent in Charlotte, NC. I mostly work on residential transactions for my own firm, and most recently managing investment rentals for clients. I have been in one commercial real estate transaction so I don't have a ton of experience here. I have a friend that is looking to sell (or lease, if necessary) a light industrial property that includes the following:

1. 20,573 SF of retail/showroom/open space (zoned I1)

2. 2.34 Acres of land

3. Newer HVAC and roof

4. Corner lot with great visibility

5. ~80 Parking bays

6. The are asking $4.8 mill

My friend doesn't feel like the brokerage he has hired has done everything they can to help get this sold so hopefully I can find someone here that may be interested in a space like this. If anyone here is interested, what other information would be helpful to see if this is a good deal for you?

Thank you all in advance,

Juan Pablo

[Ronald Rohde]

Quote from @Juan Pablo Vidal Garcia:

Hi Ronald, 

It is not new construction, the building was built in 1994, but had the HVAC system and the roof replaced in between 2019 and 2020. Not vacant, the family that owns the property, is currently operating their family business out of it, which is a high end consignment/furniture business.

 So a sale leaseback is heavily dependent on the lease terms, PG? term? annual increases? Listing an occupied building for lease without an expiration date is just terrible strategy.

whats the address? I suspect its just overpriced