Looking for commercial real estate

[Suresh Ram]

Dear fellow members,

I have decent experience with managing long term residential rental properties in south jersey. This time looking for commercial real estate investment. Am a newbie and would love to learn from you all in your experience if you have managed or owning any commercial real estate currently.

Looking for a min 8% cash on cash

Cash in hand: $250K

Preferred Location: Central and South Jersey

What type of loans i can apply for ? what types of properties would you recommend? any gotchas? 

Regards

Suresh Ram