Updated over 7 years ago on .
Business office Investment
Investment Info:
Single-family residence commercial investment investment.
Purchase price: $155,000
Cash invested: $34,000
Commercial office building for our company with huge garage bays, 2nd floor 1800sf office, and a 2300sf 1st floor office we leased for 3yrs to a tenant
What made you interested in investing in this type of deal?
I was paying almost 900 a mo in storage unit fees and needed a physical office for my plumbing company!! With this deal I have a brick and mortar location for google, beautiful office, and now a 3yr tenant that doubles the note with rent!
How did you find this deal and how did you negotiate it?
750 a month note made sense over 900 in storage rental, the 2nd office was just a bonus! Full price offer w 5k cash at close.
How did you finance this deal?
Conventional 20%down credit union.
How did you add value to the deal?
Building out a 2nd office, adding central heat ac, paint and paved parking!
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Yes, my wife is an agent!