All Forum Posts by: Ronald Rohde

Sometimes the stores close, but they still have time left on the lease and are just going dark.  Find a local broker that is doing retail leasing or sales in similar type centers to help you.  

Originally posted by @Account Closed:

@Chingju Hu   As long as you are planning for a long term investment you are probably ok anywhere in Collin County.  I normally do not suggest people pay retail for properties in Collin County for rental, but that would probably be the easiest for you.

I would actually stay away from Princeton.  It is cheaper but the area is flooded with brand new rentals.  

 What other towns to lookout in Collin County ?

Hello hello! We are looking at purchasing a potential property in Arlington Texas area code 76015. 

We are looking at a 30k SF multi-tenant light industrial property in Arlington. The building is fairly new and has small units (<2,000 SF each). The doors are grade level with only a 10' clear height.

It is currently 30% vacant but I've been told this is because they are using a big firm to lease and manage the space, who apparently aren't doing a good job on these kinds of properties. 

The building appears to be in a fairly large industrial pocket and I read that Arlington is home to the largest business park in North Texas so I'm wondering if the truth is there is too much available for rent and not enough demand?

Do you know anything about demand for spaces like this in Arlington or anything else that might be helpful for reviewing this property? Anything you know or anyone you think we should talk to would be helpful, especially leasing brokers and property managers in the industrial space. 

Thank you!

Kim

As of right now, all I know how to do is go on Loopnet (or a similar site) and take the Cap Rate at face value and run numbers as if that's what I'm guaranteed to get out of the investment.

For those of you who have experience investing in commercial real estate... what do you look for in a deal?

I am new to BP and am in the processing of creating a LLC. I would like some recommendations on RE lawyers in the central Texas area. I know they have other options like LegalZoom however, I’d rather be safe than sorry. Thanks in advance.

I have properties in Florida I’m looking at but I live in Texas and I’m also interested in properties here. Military stationed in Texas but home is Florida.