All Forum Posts by: Robert T.

Peter: Yes, will be. Also meeting with some possible tenants for pre-leasing. You are right, have to get the numbers right before proceeding. Thanks!

Oren: Although mom & pops need a lot of hand holding; I sometimes prefer mom & pop. Some of the corporate tenants can be big buillies for landlords! The taxation relief for empty spaces in Canada is wonderful for investors, not so here in Texas. Sigh. 

Joel: Real estate is a funny animal. Over the years, I have realized that land can be re purposed to whatever you envisage. Success is based on persistence, luck and timing. This was a national chain restaurant, and we could patiently wait for another or re purpose this property. Still weighing pros and cons and meeting with various folks.  Thanks. 

Manolo: Thanks for the reply! On our previous project with a retail strip, we got to $70 psf with just the shell and slab. What range would be an office warehouse. It is probably more expensive in CA, but would you have an idea in TX?

Land is already obtained. So, what is the approximate cost to build psf for office warehouse with an assumption of 10-20% office space within the 4000 sf warehouse; to include concrete slab but exclude the interior build out? Thanks!

Firstly, you have to envisage what is going to go there? Multi-family versus retail versus office- all depends on location and traffic. Second, you will need to look specifically for the developers in your area that specialize in that area of development. To do this, you must build a network of developers. Usually this is the job of a CRE broker. We have mostly worked with CRE brokers to get our deals done. They know who is looking for what. As for zoning, check with your County office. Good luck!

It is probably a specialized area in commercial property leasing like billboards, cell towers etc.. Commonly seen in the car parks of shopping centers. Examples are:

http://www.watermillexpress.com/

https://www.facebook.com/NorthernIceLLC/photos/pb....

Any comments? Much appreciated! 

Yes, one of my partners decided to file suit against the County when the tax protest did not work. I think this discussion does highlight to the general audience reading this about the complexities of investing in commercial real estate and managing CAM is one of them. If you have vacancies, taxes can eat you up in some states!