Williams 9 commercial strip mall

[Dustin Somers]

Investment Info:

Other commercial investment investment.

Purchase price: $1,100,000
Cash invested: $35,000

9 Unit Commercial strip mall Partner deal

What made you interested in investing in this type of deal?

Commercial properties offer greater ability for value control

How did you find this deal and how did you negotiate it?

List only with small town agent with terrible reputation Poorly marketed

How did you finance this deal?

Commercial loan with local bank

How did you add value to the deal?

Eliminated poor management company made improvements to property parking lot, signs and landscaping and restructuring leases from gross to modified gross

What was the outcome?

Estimated property value increased approximately $225,000 at current cap rates in local market

Lessons learned? Challenges?

Keep a very good real estate attorney in your pocket you never know when you may need them