How to buy NNN from loopnet?

[Qiang Chen]

Hi

Any one has experience buying NNN commercial real estate from loopnet?

Thank you

[Mark H. Porter]

The key in either Crexi or Loopnet is to build your criteria into your saved searches and get the results daily.

I wanted retail strip centers with a CAP of greater than 6% and with at least regional anchors with multiple units. This took out the centers loaded with nail salons, CBD, local eateries and other C/D grade single unit tenants that drove down amortization period and LTV.

It’s not fair to even reflect for long on the last year.  “Joes Garage” selling for a 5 cap made no sense whatsoever so for those that had patience you’ll now start to find the deals that got washed out of 1031 choices coming back on the market at more reasonable CAPs.

So the answer is yes, we ou can buy out of the Loopnet pool but set your standards and stick to them.