All Forum Posts by: Priya Shekhar

Hi Rakesh, If you don’t mind. Could I talk to you briefly generally about Tucson. I am an out of state investor from Bay Area, California and although I have done a lot of research online about Tucson real estate, few minutes with someone local would be so much more valuable. Thanks a lot. I will DM you too just in case you don’t check here. 

Quote from @Emily And Eric Erickson:

So many other variables that are not being addressed in your question, the biggest being price difference

thanks Eric! Sorry for not clarifying. I meant to ask if all other aspects are sane for both properties then based on solely those 2 factors which one to go for.

For commercial retail shopping center kind of investment, is great VPD (vehicles per day) in a smaller city (Tucson MSA) better than a not so good VPD (Phoenix MSA) in a big city? There are definitely higher income households surrounding the Phoenix property but the VPD for the Tucson property is 2 times than that of the Phoenix one. Please help me out of this dilemma🙏 

Thank you so much Joel for taking the time to offer your informed insights. Sorry couldn’t get back earlier. Whatever you said makes total sense, however I have to say on the question of investing in a STNL, we have had a bad experience in the past so we decided that we will only invest in STNL’s if it’s a long lease with corporate guarantee. To cut the long story short, our franchisee tenant filed for bankruptcy within a couple of months of our buying the STNL single tenant property. With the multiunit retail center while we definitely understand that there’s more management involved however at least all our eggs are not in the same basket, so to speak and even if couple of tenants would leave it would still be sustainable.

I am thinking of creating a new post for this question but putting it here too.. please can you answer if a great VPD (vehicles per day) in a not so big city is better than a not so good VPD in a big city? 

that makes sense, thanks

Makes sense, Thank you. Unfortunately in my experience, brokers, be it loan broker or real estate brokers, have vested interest so have to take their advice with a grain of salt. I can trust attorneys advice as he gets paid no matter what advice he gives but attorney is not someone who can help me check financials and find any lacunaes. May be I can hire a CPA🤔 just wanted to know if there some other kind of professionals that I didn’t know about who analyzed deals based on financials 

Hi all, 

I am looking for help with analyzing the financials (income/expense statements etc) for a multi tenant commercial retail property. Would really appreciate if someone can share a contact for a professional  who does this; may be a CPA? If you have also personally had a good experience with them, it will be great to know. Someone in California or Arizona would be preferred but anywhere in US would work.  Thank you! 

Thank you Joel. The retail center is in low 6 Mil.It is definitely a bigger investment for us so if all the units were to become vacant, we wouldn’t be able to make the loan payments.  
Can you please share that in your experience, what indicators can project continued success of a commercial retail property. Is there a matrix you use to rate the buyability of such properties. Appreciate your inputs. 

Hi all,

I am looking for advice from anyone who has either invested in Tucson or knows the market there. I am considering investing in commercial retail closer to the Air Force base area in south, south east part of Tucson. How have Tucson investments worked for you? How is the market there? Would it be wise. Also appreciate if you can share contact of a trusted local lender in the area. Thank you!