Need an experienced set of eyes on this commerical property

[Jordan Northrup]

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I came across this commercial investment opportunity in the next town over. There's a current tenant with 8 years left on a 10 year lease. I've never analyzed commercial before, so I'm sure I missed something. I'd love a seasoned investor's take on what's missing with my analysis.

I don't ask, "Can I afford this." I've learned to ask "How can I afford this?"

If the numbers are good, I'd like to partner with someone on this. I'd provide the deal and the hustle; I'd be looking for someone to help with the down payment.  The history shows that the property has been off and on the market for several years.  It was originally listed at $1.8M, now it's $1.5M.  I did the analysis with offering $1.2M

Thanks all!

[Joel Owens]

I don't like office properties but that is just me unless it's medical office in certain situations.

Office when economic downturn happens people tend to move to cheaper warehouse space, reduce space they need in the current building to stay ( they have employees work more from home), or they shut down the space all together and move to a home office at their house. 

I do not know how you think you are going to land a 4.0% interest rate and a 30 year amortization for office product. That is a small loan also so lenders tend to be 5.5% or close to 6% rate and amortization maybe at that higher LTV 15 or 20.