Commercial Strip Mall Purchase in Cedar City, Utah

[Jacob Anderson]

Investment Info:

Retail commercial investment investment.

Purchase price: $515,000
Cash invested: $90,000

We decided to purchase Main Street Retail strip mall.

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

Positive Cash flow each month

How did you finance this deal?

Down payment was from positive cash flow from our other investment properties.

Lessons learned? Challenges?

The challenge to using a bank is all the hoops you have to jump through. After establishing a trust with a local bank, our future deals will be easier to finance.

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

Our realtor is also an investor, so we do not have to explain to him what we want in a deal.