Commercial Retail Deal in San Antonio

[Ruby Ruiz]

Investment Info:

Retail commercial investment investment.

Purchase price: $560,000

My out of state buyer specifically looks for commercial deals. We found him this off market shopping strip on a very busy street. He immediately saw the potential- we sit next to a big shopping center, foot traffic is max, we have 5 units with mom and pops business as tenants. All we needed was TLC- and thats exactly what his plan was. Update the units- take care of the building and add value to what was a poorly managed situation. I wont be surprised if I drive by and see a Starbucks one day!

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

Off Market. Straight from Seller to Buyer!

How did you finance this deal?

Cash!

How did you add value to the deal?

Update building- increase rents since currently they were underperforming!

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

I am the wholesaler! I actually met my buyer thought Bigger Pockets!