Strip center redevelopment

[Joshua Watts]

Investment Info:

commercial investment investment.

Purchase price: $475,000
Cash invested: $1

Complete redevelopment of strip center to climate control facility.

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

I believe a real estate investor needs to specialize. We specialize in single family up to small apartment building and self storage.

How did you find this deal and how did you negotiate it?

Cold call

How did you finance this deal?

We pledged other real estate owned for the down payment.

How did you add value to the deal?

Redevelopment of property

What was the outcome?

In process of redevelopment.

Lessons learned? Challenges?

So far befriend the owner and stay in touch. I am sure I will learn more when this get done.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

No

[Steve Vaughan]

This is awesome, Joshua!

Had my eye on repurposing vacant retail or industrial space for a while without any luck yet.

Thank you for your information and inspiration!