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Updated almost 7 years ago, 12/14/2017

User Stats

293
Posts
381
Votes
Martin Neal
Pro Member
  • Rental Property Investor
  • Chicago, IL
381
Votes |
293
Posts

How to sell a shopping strip? Where to start?

Martin Neal
Pro Member
  • Rental Property Investor
  • Chicago, IL
Posted

Hello,

My wife is a realtor and just got her first commercial listing. It's a 5 unit shopping strip in Chicago on the west side, with one unit available to lease. 

What does she need to know/ advertise to inform investors and attract buyers? I know that she needs to know the CAP rate but what else??

Here's what I know about the listing:

Sale Price: $550K

Four Units: Occupied and Leasing for $1500

One Unit: Open for Leasing for $2500

Taxes: Approximately 17K

Tenants pays all utilities except water

Any and ALL feedback is welcome. Thanks in Advance!!

  • Martin Neal
  • Loading replies...