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Updated almost 8 years ago on . Most recent reply
where to find commercial RE listing for greater Boston area?
Is there some kinda of aggregator platform like MLS for commerical RE? thanks!!
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Dave you have not mentioned what kind of commercial property you are looking for.
Many types out there.
Example: Retail strip center with national tenants at a 6.5 cap for 5 million putting 1.5 million of your own cash down with median income at 90,000 or higher. Ring radius of 50,000 population plus in 3 miles and traffic count of 30,000 cars a day by the site.
OR
Another example: Multifamily building of 100 units at a 7 cap for 8 million and under putting 20% down. Stabilized property with tenant there at least 75% of tenants 3 years paying history on the rent rolls. Low crime area close to public transit and colleges. Property rental increases potential through renovation and updating of units.
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Commercial brokers are highly specialized so the more specific you get the better.
- Joel Owens
- Podcast Guest on Show #47
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