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Updated over 8 years ago,
Commerical Broker in Cincinnati?
Hi All,
I've got a potentially very strong deal with a distressed commercial property in Cincinnati.
The property is over 100K sq feet of space - mostly vacant.
I'm looking for referrals for an experienced commercial broker in that area. I'm trying to figure out if I do a large reno (~$1m) on the commercial property, will I be able to lease it out.The property is in poor shape and only 15% occupied at the moment by a single tenant. It is a strong tenant and contracted to be there thru the end of 2017.
The real question here is... how challenging, expensive, and time consuming will it be to get the property leased - if I invest heavily in the reno. Even at 50% occupation, it starts looking strong. At 75% or more, it's a cash machine. If the prospects for getting it leased prove risk worthy, the broker I'm asking opinions for now will very likely have nice prospective opportunity.
Any thoughts/ideas would be hugely appreciated,
Daniel