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Updated over 7 years ago on . Most recent reply

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Georgee Gilbert
  • Lathrup Village, MI
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Commercial Realtor or not

Georgee Gilbert
  • Lathrup Village, MI
Posted

Is it best to use a commercial realtor for a commercial property or is a residential buyers agent good enough?  I've never purchase commercial and I don't want to miss anything during the process. 

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Andrew Johnson
  • Real Estate Investor
  • Encinitas, CA
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Andrew Johnson
  • Real Estate Investor
  • Encinitas, CA
Replied

@Georgee Gilbert  I think you're faced with a little bit of a catch-22.  Of course you'd want to use a commercial broker in a situation like yours.  Looking at a commercial property, a store front, etc.  That said, a lot of them can be a giant pain to just plain get ahold of.  I use a "residential" agent for what I buy but I'm mostly looking at commercial multifamily.  She knows the area, prevailing rents, has done a lot of business, knows the builders, etc.  But that's a little different than me looking to by the Taco Bell that has 12 years left on their triple net lease on a high traffic corner.  The latter example is at the top of my mind because it's also for sale in the market where I invest and I have absolutely no idea how good of a "deal" that is it or how to really assess it.  Anyway, rambling aside I'd say that you should get a commercial broker if you can to help you through the deal but if calls are going unanswered and you have a responsive residential agent I don't know if it would stop me.

I hope this helps...a little...maybe...

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