Office building purchase

[Mohabub Miah]

Good evening everyone I came across a FSBO office building, land contract deal. I wanted to know if I could get advice on purchasing this property and what things to look into before purchase. Little detail building is 6000 sq ft est. about 20 office unit. Rehab needed roof, parking lot, heating system total facelift. I want to purchase knowing it's a good buy. Thank you for your time

[Bob Thomas]

So it's a 6,000 sqft single tenant deal? You should get an property condition assessment to see how much capital you need to bring it to at least warm shell, reach out to a local broker and pick their brain on the market, achievable rents, commissions, tis, and sales comps. Then just run numbers, price it to where returns look good to you and make the offer. 

Single tenant deals are inherently risky, give yourself cushion.