What is your opinion on neighborhood office?

[John McKee]

I'm looking at a deal that is 1.8 million for a two level strip.  No competition in the area that I can see, but has 20% vacancy.  It's a high end neighborhood.  It has tenants like state farm, driving school, dentist, real estate office, martial arts studio. I would say 90% of the tenants are office.  Road seems busy, but still gathering traffic count data.  Anyone have experience with these type of small office tenants?

[Ash Patel]

These often have very high margins.  Neighborhood centers with the right tenants can be a great asset.  Suburban office in walkable downtowns are on fire right now as well.