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HomeForumsCommercial Real Estate InvestingFirst Commercial Real Estate Investing - Gas Station
Sumit Verma's profile image
Sumit Verma's profile image
Sumit Verma
  • Member since Apr 20, 2024
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Sumit Verma's profile image
Sumit Verma's profile image
Sumit Verma
  • Member since Apr 20, 2024
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Sumit Verma
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9
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Commercial Real Estate Investing

First Commercial Real Estate Investing - Gas Station

Sumit Verma
Posted

I have many friends worked in convivences stores and gas stations by running the finances of the business I'm interested in purchasing a gas station. Hypothetically here is the situation. Let me know if it is possible or not, and in both cases what would be the requirements? 

Business cost - $1M
Net Assessed Value - $700k (land + building)

Looking for 900k, with 30 years of financing, no balloon payment.

This would be my first CRE, I would run and manage the business by myself.

Thank you for your time!

Davenport, Iowa
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