First Commercial Property with 10,776 Sq ft office space!!!

[Quentin McNew]

Investment Info:

Office Space buy & hold investment in Champaign.

Purchase price: $990,000
Cash invested: $20,000
Sale price: $990,000

Crazy to think the first purchase I did was two years ago on a little 725 sq ft two bedroom house for $32,000. It was the cheapest house on the market…….but it got me in the game. Below is some details of the deal that closed yesterday for $990,000 (last sold $1,350,000) which included 10,776 sq ft office space!!!

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

Recession proof businesses had the current leases and the leases are long term leases.

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

On the MLS and it took 5 months with the initial point of contact in August of 2019. I love the businesses here! They are all recession proof "service" based businesses. They can't be outsourced with a click of a button on Amazon haha. Accent counseling drug rehab, sleep clinic, medical, etc. I don't have a crystal ball but with marijuana legal in Illinois as January 1st, 2020 now...... that should translate into an increase of demand to these businesses lol.