Commercial Property on 30a, Florida

[Chris Moore]

Investment Info:

Office Space commercial investment investment.

Purchase price: $3,000,000
Cash invested: $600,000

Cashflow TBD, we are exercising current tenant lease option to terminate in 90 days after we close April 3. We have several other options lined up to rent including a private school for the entire first floor.

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

There is extremely limited commercial opportunities on 30a because highest and best has directed everyone to build condos and mega-rentals. This property's zoning made that difficult and brought the price down far enough to give us appreciation and cashflow.

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

We are 30a expert realtors, we live, eat, sleep, breathe 30a!

How did you finance this deal?

SBA loan with 20% down.