Commercial Strip Mall Purchase in Cedar City, Utah

Commercial Strip Mall Purchase in Cedar City, Utah

Rental Property Investor · Cedar City, UT · Member since 2016 · 209 posts · 45 votes

Investment Info:

Retail commercial investment investment.

Purchase price: $515,000
Cash invested: $90,000

We decided to purchase Main Street Retail strip mall.

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

Positive Cash flow each month

How did you finance this deal?

Down payment was from positive cash flow from our other investment properties.

Lessons learned? Challenges?

The challenge to using a bank is all the hoops you have to jump through. After establishing a trust with a local bank, our future deals will be easier to finance.

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

Our realtor is also an investor, so we do not have to explain to him what we want in a deal.

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  • Residential Real Estate Agent · Salt Lake City, UT · Member since 2014 · 71 posts · 19 votes
    7y

    Congrats! Want to buy another one in Brian Head?

  • Rental Property Investor · Kaysville, UT · Member since 2017 · 141 posts · 120 votes
    7y

    @Jacob Anderson, congrats on a sweet deal! Show us the numbers! We want to see CAP rates, Cash-on-cash etc. and any other info you want to share! Again, Congrats!

  • Rental Property Investor · Cedar City, UT · Member since 2016 · 209 posts · 45 votes
    7y

    @Quintin Mortensen

    Not right now but thanks

  • Rental Property Investor · Cedar City, UT · Member since 2016 · 209 posts · 45 votes
    7y

    @Quintin Mortensen thanks, but not right now.

  • Rental Property Investor · Cedar City, UT · Member since 2016 · 209 posts · 45 votes
    7y

    @Jaiden Olsen thanks.

    We actually were pushed back and finally sign papers tomorrow. Then when we fill renters etc, will know more.

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