Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Commercial Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago, 08/21/2019

User Stats

352
Posts
242
Votes
Bob Langworthy
Pro Member
  • Accountant
  • Brunswick, ME
242
Votes |
352
Posts

Under contract on 8700 sq. ft.

Bob Langworthy
Pro Member
  • Accountant
  • Brunswick, ME
Posted

I'm under contract on an 8700 sq. ft. office building and need help with marketing. I can run numbers all day long, but I'm not great at the marketing side of things. Here's the details:

1) A local nonprofit is consolidating three offices in to one. This is not the one. The building will be empty at the end of the month.

2) The seller started looking for a tenant, but a BP contact let me know he'd be interested in selling and knew I was interested in more commercial space (power of BP networking!)

3) My financing is contingent on revenue which is contingent on finding a tenant.

4) My realtor is a nice guy, but very busy. There's a listing online and a sign in front of the building (very high traffic count road for our area).

5) I have until October 24th to secure a tenant to get my financing to close on the deal.

6) The building has been leased to one tenant. Prior to that it was leased to 4. It has parking for 60 vehicles, a diesel generator, a mix of small and large offices, a large meeting room, and a large kitchen. I'd prefer one NNN tenant, as piecing together several tenants in a compressed time period could be tough.

My current thoughts and questions:

1) Where would you put listings online? Loopnet, Facebook, Linkedin, Craigslist, BP, others?

2) I'm developing a target list of law firms, engineering firms, medical, call centers, nonprofits, and accounting firms that I will contact directly. But how do I find the right person? Phone? Mail? Email? Other industries? Other methods?

3) I have good relationships with local power brokers and influencers (in our small area of the world) and will be meeting with them to discuss possible tenants. 

4) What else am I missing?

Thanks in advance for your help!

  • Bob Langworthy
  • Loading replies...