Looking For Commercial Co-Investors In Portland, Maine

[Wayne V.]

Hi Everyone,

I've found a commercial building in Portland, Maine that would make a great location for my business, which is relocating from NYC. It's in a fast growing area with some tenants in place, and more space available for others. My estimate is that the cap rate would run around 8% when fully occupied. The building is available for $1.7 mil., is in good condition with lots of upside potential, and is not presently listed. I think there are a lot of creative ways to further subdivide the building, increasing cash flow and pushing up the ROI. I will need to pull together an investment group to take advantage of this opportunity. As they say, "Part of a deal is better than no deal". Suggestions and guidance are welcome.

Wayne