I have a pretty sweet deal. Buti don’t know the right network to move it

I have a pretty sweet deal. Buti don’t know the right network to move it

Andrew HoPro Member
Member since 2026 · 1 post · 0 votes

I have two commercial buildings under contract. Owner hasn’t raised rents in over 30 years

Commercial real estate value is based on the income it produces

Avg rent is around 5/ppsf

Market is 16-18 ppsf

No repairs required. All major repairs have already been done.

Just need someone to stablize the rents.

How do i move this? It’s non-financeable because rents are too low. They won’t seller fi.

I’m asking 1.35m for the following

11280 sqft total between two buildings

6 potential rentable spaces to tenants

1.10 acres

28 parking stalls

Two commercial buildings

Right on state street

Once rents are stabilized the building value goes to 2.1 million.

Can anyone help or give me advice

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  • Wholesaler · Las Vegas, NV · Member since 2014 · 20 posts · 6 votes
    1d

    That rent gap is the whole pitch Andrew, you just need it in front of the right buyers all at once instead of hoping the right person sees a post.

    What has worked for me on deals like this is I pull recent cash buyers in that zip and the surrounding zips who bought similar commercial or mixed use stuff in the last 6 to 12 months. County records will show you who is actually active. Then I skiptrace that list to get direct phone numbers for the owners or decision makers and send one short text blast to all of them the same day with the headline numbers, current rent, market rent, and your price. Let them compete.

    Commercial buyers move fast when the upside math is that clear. A stabilized value around 2.1M against a 1.35M ask will get callbacks if 20 or 30 real local buyers see it in one morning. Just make sure you have a simple one pager ready with rent roll, leases if you have them, and what is month to month so they can underwrite quick.

  • Pittsburgh, Allegheny County · Member since 2026 · 78 posts · 30 votes
    1d

    Andrew, because it can't be financed as-is, your buyer pool is cash and bridge-loan buyers who underwrite to the stabilized number, so lead with exactly how someone gets from $5 to $16-18 a foot. The first thing they'll ask is when the current leases end; if tenants are locked in at $5 for years, stabilizing takes a lot longer and the price has to reflect that. Put the rent roll, lease end dates and a few market lease comps on one page. A local commercial broker who works with investors is worth a call even if you share the fee, because they already know who buys value-add buildings in your area. And confirm your contract allows an assignment or double close before you market it.

  • Investor · FL · Member since 2023 · 18 posts · 9 votes
    15h

    Andrew, please message me directly. I can help.

    • Investor · Redmond, King County · Member since 2026 · 36 posts · 6 votes
      15h

      Hey Kelton, please DM me. I'd like to talk to you about some additional deals. thanks, Chris

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