4,600 sqft commercial building along new light rail corridor.

[Chad Cluff]

Investment Info:

Retail commercial investment investment.

Purchase price: $420,000
Cash invested: $250,000

Single level building with cool interior and exterior. Two retail suites and one retail space with warehouse in the back. I own the building next to it and once the zoning is changed (next 2-5 years) I can build 20+ apartments on top.

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

I own the building next to it and it is in a high growth potential area.

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

Contacted the owner.

How did you finance this deal?

Half+ in cash and remaining portion with private lender. I will clean the space up, lease it and then refinance with a commercial bank to get most of my cash out.

How did you add value to the deal?

Clean it up and do a lot better job at marketing it than the previous owner.

What was the outcome?

TBD however it will be awesome.

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

I am a broker and I am incredible at what I do however I am not for hire....