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Updated almost 6 years ago,
4.9m commercial office space
i am looking at a 16,470 sqft office building asking 4.4m online broker emailed me at 4.9m, its fully occupied with leases until 2022 , i feel its worth 3.9m but having a hard time finding comps. the proforma states 442900 gross income 167975 in expenses,i know i know not to base off the proforma ive requested to see the actual p&l maintenance records and such before i move further. just wanted some more advise on what to look for, ask broker info i shuld get before continuing to walk through or even have inspected
i already have a property in same town for 16 years im very comfortable with the area. this is looking to be my first investment to add to the other properties i inherited. i went to real estate full time not too long ago sold my business of 16 years took the plunge into real estate full on an am loving it
thank you