Former Bank building advice

[Ash Patel]

I am going to check out this property tomorrow on the west side of Cincinnati.  It is fully leased except for the bank who has vacated and moved around the corner.  Ideally I would love to land another bank to occupy this space.  Has anyone here ever landed a bank tenant or re-purposed a former bank building?  

Thanks! Ash Patel

[Ash Patel]

@Joel Owens Thanks for giving it to me straight! I agree with you but I think I needed to hear it from a pro. I have to share that I score my best deals from residential Realtors who list commercial deals. They are not familiar with Loopnet/Co-Star, cap rates etc. My last strip was a true NNN purchased for a 16% cap.

In this case, the Realtor took my pro-forma and asked if he can show it to his seller.  He was totally unfamiliar with commercial financing/pricing.  I will pursue this deal if the price comes way down.  - ash