Have MOTIVATED seller have buyer Now what

[Michael Ryan]

I found a small commercial property located in Dacono that's up for sale. The owner is facing forclosure (they haven't filed the paper work yet) in the next month or two. The property is a 3 unit 6000sqft single story building built in 2007. I spoke with the listing agent and he informed me that the owner is very motivated and needs a quick sale and agrees that the current listed price (395k) is high but would deffinately be willing to take offers. The building currently has only 1 tennant who would like to purchase the entire building within a year and is willing to guarantee a 20% ROI (will sign a 1 year L.O. for 20% over investors purchase price) if someone wil buy the property and lease option it back. No, the tennant isn't the owner, I checked. You see the thing is, the current tennant is operating a medical marijuana dispensary and he needs to expand. He told me that he has spoken to his bank about buying the place and that while his business generates plenty of cash flow, (suprise, suprise) since he hasn't been in business for at least a year he cann't get financing. He currently pays 1600.00 per month rent for the unit he has and wants/needs to expand into another unit within 90 days. I have more info on this place but no decent comps available. What should I do here ? Does anyone think this has potential, Motivated seller, eager buyer....let me know what you think.

Mike R.
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