Lots of upside to owning the building your business is in.

[Julie Winter]

Investment Info:

Office Space commercial investment investment.

Purchase price: $372,000
Cash invested: $75,000

3000 sqft free standing building on 3 acres. 8 private offices, conference room, break room.

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

Older broker of real estate company wanted to retire. She owned the building and sort of included the brokerage in the sale of the building.

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

Word of mouth working in the real estate industry.

How did you finance this deal?

Local bank

How did you add value to the deal?

My brokerage is the only tenant and we pay top dollar for rent.

What was the outcome?

I'd like to get additional tenants and keep paying top dollar for rent.

Lessons learned? Challenges?

The area is rural and very dependent on the water levels in the lake. I'm probably 5-7 years early on this property.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Myself.