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Updated over 3 years ago on . Most recent reply

User Stats

33
Posts
4
Votes
Bing Lin
  • Rental Property Investor
  • New York, NY
4
Votes |
33
Posts

Medical office in North Carolina

Bing Lin
  • Rental Property Investor
  • New York, NY
Posted

Hey all, I came across a medical office commercial in Research Triangle area in NC. Don't have commercial real estate experience before. The current tenants are moving out in 6 months so the seller is listing with lower price with cap rate at 7.6%. Current tenant lease is triple net lease, NNN (tenant pays condo fees, RE taxes, and insurance). Is this a good time to get into commercial/medical space? And what is the risk that I cannot fill with another tenant with the similar lease NNN structure? Any advice/thoughts are really appreciated.

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