Office with Terrace?

[Manuel Ortiz]

Hello,

We are evaluating an office purchase with a terrace that is even larger than the office. Office is at the corner and the terrace surounds it.  The idea is to give it for rent.

Think that terraces for offices will not pay off but it is a very nice looking match and want to make an offer.

Sellers want a price for the terrace that is 1/3 of the office one per sq feet.

I think it should be around 1/10 since renters will not pay more than that as an extra I gues.   Building is new and in the makings.

I kindly request all of the information you can share about this topic of investment and return.  No snow in the area neither strong  warm climate. 

We buy properties for rent mainly in Guatemala City but are interested to hear from your area experiences.

Kind regards,

Manuel