Question about Sweat Equity Partnership for Commercial Retail

[Tyler Eaton]

Hey everyone! 

I am looking to be a sweat equity partner in the purchase of a smaller commercial retail center. I am a commercial broker, and would essentially be bringing to the table my ability to lease and manage the property completely for the time that the property is owned. Another broker at the company has the sale listing, so it would be pretty easy to get into contact with the eventual buyer.

I have heard a few guests on the podcasts go about their first ownership in this way, but am curious what the community has to say. 

Does anyone have experience with this? Would buyers even care? What sort of percentage should I be asking for? ANY tips or words of wisdom are appreciated!

(Being that my percentage depends on size, lease rate, and cost of the center, the one I am looking at is $3m, 7-Unit center, 8500 leasable SF, @ about $20/sf+NNN)