Pay off commercial rental mortgage or invest in another?

[Scott Green]

I need some advice for the current situation that I am facing. I have a commercial rental property which I am debating on paying off. I owe $104,000 with an interest rate of 8.5%, I make a gross $800 per month after monthly expenses. My mortgage is $1085 per month. Should I pay off mortgage or invest on another property? Why?@

[Mike Dymski]

If you pay off your loan, your "return" on that cash is 8.5%.  If your return for investing in another property is greater than 8.5%, than it would be beneficial to invest rather than pay off the debt (would want a sufficient cushion above 8.5% to justify the added risk and work of investing in another property vs simply paying off debt).