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Updated almost 8 years ago,
Evaluating a commercial retail building
hey guys
I know how to evaluate a multifamily apartment building. But recently I came across a commercial building with retail stores. How do you evaluate something like that?
Purchase price is 450K
5 stores leased at 50K total annual lease for 10 years.
This seems to be very good in the surface but I want experienced people's opinion before I charge ahead.
Thanks!