All Forum Posts by: Juan Martinez

@Daniel Sanniti between the feasibility study (will give you an idea of what’s renting in your local market), the metal/door supplier (a company like trachte building system) and your vision of what the building should look like (might need an architect for that) you can get a estimate of what your unit mix should look like for best profitability on your investment. I own a climate controlled facility, and the approach I just shared helped out a ton… much success…

Juan

@Joe Fauntleroy great job on the acquisition! I’ve been a commercial owner for a while (retail, restaurants, warehouses). A few important points I’ve learned over the years are as follow:

1. Hire a great real estate attorney to help you draft a strong lease, highlighting insurance requirements and other important points depending on who you are leasing to( restaurant, retail etc).

2. Hire a great insurance broker to assist you through the insurance process as you get the building ready for a tenant, a experience insurance agent will give you clear options as the building goes through the transformation in the process of getting a CO.

3. In commercial deals is normal for rent commencement as soon as CO is obtained or when they first opened the door for business in the case of a restaurant. But this can be negotiated when first drafting the lease prior to signing, you can get quite creative...

Much success on your commercial journey...

Investment Info:

Industrial buy & hold investment.

Purchase price: $1,100,000,000
Cash invested: $500,000

Industrial mixed use

@Account Closed thanks for sharing!

Whether you are new to real estate investing, or have many transactions under your belt, please join us for a networking happy hour event and meet like-minded professionals. Allentown, Bethlehem, Easton, and Lehigh Valley surrounded areas investors welcome. Complimentary appetizers and cash bar available. Sponsored by the Martinez Team.

https://www.facebook.com/events/951536888268766/

@James Mattern Welcome to BP! Let's connect in the near future...

@Jeff Amore anytime:)

Hi Alexandra & Chad! welcome to BP. I'm also in the area. Let's connect to see how we can help each other...

regards,

Hi Jeff,

reach out to Christopher Wills from "Miller, Searles, Bahr & Wills Accountants" located at 5235 Oakview Dr, Allentown PA.Very experienced and knowledgeable accountant. 

regards,