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Updated about 6 years ago,
Commercial building for sale with leased tenants
Commercial property being used as a cell phone business. 4 years left on lease at $2000/month rent. I own building but not the business. I put on market for $200K. Tenant put in offer and after some back and forth their final offer was $150K. I'm in no rush to sell this property, just a hassle to manage out of town. How should the 4 year lease being left and rent due for 4 years play in this scenario? I want to take nothing less than $170K. Is the tenant bluffing with a "final" offer? Wait it out til year 3 and sell? So far on the market for one month. No other interests as of yet. Any input would be appreciated.