All Forum Posts by: Austin Kocher

When looking at a traditional shopping center with one to two key anchor tenants what length of time should be left on the anchor tenants' leases if you would purchase at the general market cap rate in middle america?

There was a shopping center posted on Loopnet was originally listed at 4.5 million. After a month property was listed at 3.6 million then removed 2 weeks later. I contacted agent a month after was removed and asked if it was sold or was possibly still for sale. Agent sends property info with the price of 4.5 million. I asked if it was ever reduced on loopnet says it never happened. Any one have any idea how to get a straight answer? We are very interested if its listed at 3.6. Background has several national brands, in a lower income area. I think there is a possibility one of the major brands is not renewing lease and they reduced price because of that.