All Forum Posts by: Igor Nastaskin

Please educate me. I want to buy and hold long term for retirement income a retail strip of ~3000-6000 that's 100 percent occupied. I come across strips with different types of tenants and want your feedback regarding what type of tenant-oriented retail strips are better:

-- retail strip with 3-4 tenants vs strip with single tenant.

-- Medical tenant vs single restaurant tenant vs automotive 3-4 tenants vs mixed retail and residential vs all retail small tenants

Thank you

I am looking into potentially buying a 4 unit strip mall. All 4 tenants are with net lease. I frankly not sure what the forte of my agent is but he did have good yelp reviews :) We communicated with each other for past 1 month only. I am new to investing but learning new information daily and it likely affects my choices which could be confusing to my agent. For example I told him I am looking for an automotive repair related property but now am thinking general retail strip mall has wider appeal and access to greater pool of tenants. I found two properties and this one in Palmdale, he suggested another one in LA. He works with another agent who has CCIM certification. Given our relatively short relationship I am not sure at this point how much critical feedback and analysis they will provide once I am in escrow if for example they think the deal is not worth it or if they would only be interested in getting the commission...

I am trying to decide if I should have my commercial real estate agent help me get the deal in a city 70 miles away or should I get a new local agent.

A little bit of background information. For past 1 month I am working with an agent looking for commercial real estate in Los Angeles. I found one property, he sent me another, that's pretty much it. We did not sign any agreements. Agent seems like a nice guy, not pushy. Through loopnet I found a commercial property in Palmdale (70 miles away). The deal is better than what I've seen so far in Los Angeles. So I was thinking if I end up buying this property, should I go though my current agent. Or find one in Palmdale? Thank you

Hi, my first time posting here, just wanted to get feedback on a deal I am currently interested in. It is a small retail storefront property, 1800 sq feet being sold for $490,000, net income $30,000/yr with cap rate 6%. The building is facing a big street, near major intersection. There are 4 tenants who "were there for a long time", but no actual lease agreement in place - based on a handshake. I am planning to get info about expenses, actual lease payments. Any other information I should focus on? Thank you.