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Updated about 1 year ago on . Most recent reply
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Super Small office - Need to fill with tenants before selling or keep it vacant?
Looking for some advice as this is my first time owning a small office. My small office building is (1,700) sq ft with 3 units. Do I need to fill it with tenants before selling or am I able sell it vacant? Is the buyer able to get a loan if it's vacant?
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I don’t know if your hypothetical buyer can get a loan and you might want a tenant or two if thsi takes you 6+ months to find a buyer. But…
Many buyers would like to pick their own tenants AND your ideal buyer might be buying a location for their own business and want a vacant spot. But, some may be afraid of the time and costs to find a tenant. So 1-2 tenants may be the middle ground. Ask your commercial realtor.