Investment Info:

Office Space commercial investment investment.

Purchase price: $55,000
Cash invested: $8,800

Purchased the property as an off-market deal. As a broker, sometimes things line up together and investments make sense before the deal goes to market. I was able to pick up the property with a current tenant and immediately buy into cash flow.

What made you interested in investing in this type of deal?

I am a commercial real estate expert, and this was a no-brainer deal.

Congratulations, @Kyle Kelley ! What kind of cashflow are you getting from this property now?

I'm generating $11,400 in gross income and my total expenses are at $4,400 for the year after taxes, insurance, mortgage. I'm taking $7,000 per year.  While not a huge income, once the mortgage goes away,  I'll be in an even better position.  Pretty good for rural western Illinois. 

@Kyle Kelley

Hi Kyle

That's great to hear!

How long does the tenant have left on the lease ?

- Mike

They just renewed a 3-year lease, after being at the property the previous 3 years.

congrats @Kyle Kelley ! Curious about the market, what're are the key demographics and trends that attracted you? Are there other existing commercial properties, or much development happening in that area?