First Time Commercial Real Estate Investor in Austin TX
Hello Bigger Pockets Community! I have been on the site for a few months now and was hoping to reach out for some advice on a unique CRE opportunity I have come across. I am looking into personally purchasing a single office space in a new South Austin office complex and renting it out to my own company. It is unique because I do not own the company, I operate a small branch of a much larger company and I am responsible for finding and renting my own office space. With office leasing being so high right now, I believe it would be better to purchase the space myself especially considering I know I will have a paying tenant for at least the first 3-5 year (Me!). My wife and I have a couple of residential buy & hold properties, but this will be our first venture into CRE. It has been tough find information regarding commercial investing on such a small scale, as the loan amount for this purchase would only be about $250k with the build out included. I am looking for any general advice in addition to recommendations for lenders or banks that deal in these much smaller commercial loans. Since I am a in a little over my head I would also love any recommendations for a good real estate attorney that could offer advice and help us navigate through this process.
Thanks!