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.
BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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 4 years ago, 04/08/2020

User Stats

8
Posts
2
Votes
Nicole Pinedo
  • Developer
  • Washington, DC
2
Votes |
8
Posts

Should I still close on this commercial property

Nicole Pinedo
  • Developer
  • Washington, DC
Posted

I recently got an offer accepted to buy a 13,000 sq ft commercial building in a good area downtown.

I have a tenant in place.

The property is a value add property that i will rehab for the tenant. My plan is to refinance it after rehabbing and stabilizing-the property. The tenant wants to turn the property into an event space, beer garden, and food hall business.

My concern/question is, with all this corona virus, do you think the prices of commercial real estate will go down significantly? Will the cap rates rise in a couple of months?

Should I back away from the deal?

Im a fairly new investor and this is my first retail commercial deal ...any input would help!

Loading replies...