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Updated over 8 years ago on . Most recent reply

User Stats

30
Posts
3
Votes
Clyde Myers Jr
  • Investor
  • Conroe/Willis Houston Metro, TX
3
Votes |
30
Posts

Strategy to secure commercial tenant

Clyde Myers Jr
  • Investor
  • Conroe/Willis Houston Metro, TX
Posted

Hey All, new here (internet forums period actually).  I own a commercial office/warehouse building and recently lost my tenant to them purchasing their own location.  Problem is, my broker (also my best friend), specializes in residential and has simply thrown the suite up on loopnet ONLY fielding phones calls with his fingers crossed.  Oh and he also has a 4'x8' out in front "For Lease".  

Specifics: The space is a 11,500 sq ft comprised one fourth office and the remainder warehouse. I pay everything so no NNN. Demographics: 3 big neighborhoods surround with 20k+ vehicles passing by on 4-lane daily. 1151 N Loop 336 E Conroe, Tx 77304

Most Popular Reply

User Stats

400
Posts
306
Votes
Ash Patel
  • Full time investor
  • Cincinnati, OH
306
Votes |
400
Posts
Ash Patel
  • Full time investor
  • Cincinnati, OH
Replied

Clyde,

I believe @Joel Owens is too professional to say that no one can screw up a commercial deal better than a residential realtor.  I have experienced this first hand.  Mix that with being your best friend and you don't need a forum to tell you that you how this will end.

Most of my properties are fairly unique like the one you are working with so I always market them myself.  With a 20k traffic count, put up a giant banner on the building or close to the road.  Market it all over social media, pound the pavement etc.  I had a very similar space and there are a lot of options you have.  If you have the time and inclination to market the property yourself, do it.  If not, find a good commercial broker.

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